Barclays Lowers Parsons (NYSE:PSN) Price Target to $60.00

Parsons (NYSE:PSN) had its target price decreased by equities researchers at Barclays from $70.00 to $60.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 35.21% from the company’s current price.

A number of other brokerages have also recently issued reports on PSN. William Blair reiterated an “outperform” rating on shares of Parsons in a research note on Wednesday. KeyCorp lowered shares of Parsons from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, April 14th. Truist Financial dropped their target price on shares of Parsons from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Citigroup upped their target price on shares of Parsons from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Finally, BNP Paribas Exane set a $65.00 price target on shares of Parsons and gave the company an “outperform” rating in a report on Wednesday, May 27th. Nine equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.82.

Parsons Stock Up 2.8%

Shares of NYSE:PSN opened at $44.37 on Thursday. The stock has a fifty day simple moving average of $55.09 and a two-hundred day simple moving average of $58.10. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 1.36 and a beta of 0.66. Parsons has a 12-month low of $36.26 and a 12-month high of $89.50. The company has a current ratio of 1.66, a quick ratio of 1.75 and a debt-to-equity ratio of 0.54.

Parsons (NYSE:PSN) last released its earnings results on Wednesday, July 29th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.76 by ($0.82). Parsons had a return on equity of 8.10% and a net margin of 2.50%.The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the firm posted $0.78 earnings per share. The company’s revenue was down .5% compared to the same quarter last year. On average, research analysts anticipate that Parsons will post 2.97 earnings per share for the current fiscal year.

Insider Activity

In other Parsons news, CEO Carey A. Smith bought 12,500 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was acquired at an average price of $49.97 per share, with a total value of $624,625.00. Following the transaction, the chief executive officer owned 575,376 shares in the company, valued at $28,751,538.72. This represents a 2.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director George L. Ball bought 10,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of $50.00 per share, for a total transaction of $500,000.00. Following the purchase, the director directly owned 150,383 shares in the company, valued at approximately $7,519,150. This trade represents a 7.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 32,500 shares of company stock valued at $1,637,325 over the last ninety days. 1.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Parsons

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in Parsons by 160.0% during the 2nd quarter. GAMMA Investing LLC now owns 949 shares of the company’s stock valued at $50,000 after buying an additional 584 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Parsons by 183.6% in the 2nd quarter. Versant Capital Management Inc now owns 553 shares of the company’s stock worth $29,000 after buying an additional 358 shares during the last quarter. Keel Point LLC purchased a new position in shares of Parsons in the 1st quarter worth $218,000. Henshaw Capital LLC grew its holdings in shares of Parsons by 49.7% in the first quarter. Henshaw Capital LLC now owns 17,834 shares of the company’s stock worth $966,000 after acquiring an additional 5,923 shares during the period. Finally, Sunbelt Securities Inc. increased its position in Parsons by 4.0% during the first quarter. Sunbelt Securities Inc. now owns 38,560 shares of the company’s stock valued at $2,089,000 after acquiring an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 98.02% of the company’s stock.

Key Parsons News

Here are the key news stories impacting Parsons this week:

• Positive Sentiment: UBS, Stifel Nicolaus, Truist Financial and Barclays maintained bullish ratings, although each reduced its price target. The revised targets—$58 from UBS, $66 from Stifel, $60 from Truist and $60 from Barclays—still imply meaningful upside from recent levels. UBS price target article
• Positive Sentiment: Management highlighted strong bookings, strategic growth opportunities and a planned divestiture targeted for completion in the third quarter. Parsons is forecasting 2026 revenue of $6.2 billion to $6.5 billion, which could support longer-term execution if project issues are resolved. Parsons outlook article
• Neutral Sentiment: Multiple law firms announced investigations into possible securities-law violations following the earnings disclosure. These announcements are investor solicitations and do not establish wrongdoing, but they add headline and potential litigation risk. Parsons securities investigation article
• Negative Sentiment: Parsons reported second-quarter adjusted EPS of negative $0.06 versus the $0.76 analyst consensus, with revenue of $1.59 billion below the $1.61 billion estimate. Net income fell by $70 million year over year, adjusted EBITDA declined 72%, and the adjusted EBITDA margin contracted by 670 basis points.
• Negative Sentiment: The company cut 2026 revenue guidance to $6.2 billion–$6.5 billion from $6.5 billion–$6.8 billion and adjusted EBITDA guidance to $500 million–$560 million from $615 million–$675 million. Parsons cited a terminated fixed-price contract, project delays, portfolio-shaping actions and a joint-venture program charge. Parsons guidance cut article

Parsons Company Profile

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.