Parsons (NYSE:PSN) Receives “Buy” Rating from Truist Financial

Truist Financial reissued their buy rating on shares of Parsons (NYSE:PSN) in a research report released on Thursday morning,Benzinga reports. Truist Financial currently has a $85.00 price target on the stock, down from their previous price target of $90.00.

A number of other equities analysts have also recently issued reports on the company. KeyCorp decreased their target price on Parsons from $80.00 to $73.00 and set an “overweight” rating on the stock in a report on Thursday. Barclays lifted their price target on Parsons from $70.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, January 23rd. Raymond James Financial lowered shares of Parsons from a “strong-buy” rating to a “market perform” rating in a research note on Friday, December 5th. Citigroup raised their target price on shares of Parsons from $86.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Finally, TD Cowen upgraded shares of Parsons from a “hold” rating to a “buy” rating and cut their price target for the company from $90.00 to $75.00 in a report on Wednesday, December 10th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $83.92.

Parsons Stock Up 3.9%

NYSE PSN opened at $62.63 on Thursday. Parsons has a 12 month low of $54.56 and a 12 month high of $89.50. The company has a market capitalization of $6.67 billion, a P/E ratio of 28.47, a PEG ratio of 3.37 and a beta of 0.66. The company’s 50 day simple moving average is $66.62 and its 200 day simple moving average is $76.21. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.75 and a quick ratio of 1.67.

Parsons (NYSE:PSN) last issued its earnings results on Wednesday, February 11th. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.06). The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.68 billion. Parsons had a return on equity of 11.81% and a net margin of 3.79%.The company’s quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 earnings per share. Equities research analysts expect that Parsons will post 3.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Parsons

A number of hedge funds have recently modified their holdings of PSN. Federation des caisses Desjardins du Quebec boosted its position in Parsons by 18.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,701 shares of the company’s stock valued at $229,000 after purchasing an additional 565 shares during the last quarter. HRT Financial LP acquired a new stake in shares of Parsons during the 4th quarter valued at about $1,098,000. Brooklyn Investment Group bought a new stake in shares of Parsons in the 4th quarter valued at approximately $304,000. Commonwealth Equity Services LLC increased its holdings in Parsons by 20.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 25,371 shares of the company’s stock worth $1,568,000 after buying an additional 4,284 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its holdings in Parsons by 14.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 26,943 shares of the company’s stock worth $1,665,000 after buying an additional 3,360 shares during the last quarter. 98.02% of the stock is owned by institutional investors and hedge funds.

More Parsons News

Here are the key news stories impacting Parsons this week:

• Positive Sentiment: Company reported record adjusted EBITDA and full-year net income gains, and Q4 operating cash flow rose sharply, supporting profitability and cash-generation narratives. GlobeNewswire: Parsons Reports Fourth Quarter and Fiscal Year 2025
• Positive Sentiment: Parsons won 15 contracts worth $100M+ (matching previous year) and maintained a TTM book-to-bill ≥1.0x, signaling continued large-contract wins despite near-term hiccups. GlobeNewswire: Parsons Reports Fourth Quarter and Fiscal Year 2025
• Positive Sentiment: Truist reaffirmed a “buy” rating and set a $85 price target (down from $90), giving upside from current levels and a credible institutional vote of confidence. Benzinga: Truist rating
• Neutral Sentiment: Management set FY2026 revenue guidance roughly in line with street expectations ($6.5B–$6.8B vs consensus ~ $6.6B), which reduces uncertainty but leaves earnings guidance ambiguous in public summaries. GlobeNewswire: FY2026 guidance
• Negative Sentiment: Q4 EPS of $0.75 missed consensus (~$0.81) and revenue of $1.60B missed estimates ($1.68B); revenue declined ~8% YoY — a primary driver of the initial selloff. Zacks: Q4 miss
• Negative Sentiment: Analysts and deep-dive coverage highlight backlog declines and contract headwinds — concrete near-term risk to revenue growth and the stock’s recovery pace. Yahoo Finance: Backlog declines
• Negative Sentiment: Short-term market reaction included a sharp intraday drop noted by several outlets; investors should watch upcoming backlog trends, contract timing and any more detailed FY26 EPS guidance. AAII: Stock drop analysis

About Parsons

Parsons Corporation (NYSE: PSN) is a technology-driven engineering, construction, technical and professional services firm. The company delivers end-to-end solutions that span feasibility studies, design and engineering, construction management, system integration and ongoing operations support. Parsons serves both government and commercial clients and focuses on critical infrastructure, defense, security, intelligence and environmental programs.

Core services include program and construction management for transportation systems, water and environmental infrastructure, cybersecurity and advanced systems integration.