Parsons Corporation (NYSE:PSN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Parsons Corporation (NYSE:PSN) has received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $91.40.

A number of research analysts have issued reports on PSN shares. Robert W. Baird lifted their price objective on Parsons from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. Baird R W upgraded shares of Parsons from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 7th. KeyCorp lifted their price target on shares of Parsons from $87.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Truist Financial upped their price objective on shares of Parsons from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. Finally, Zacks Research raised shares of Parsons from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th.

Parsons Stock Down 1.4%

Shares of PSN opened at $85.26 on Friday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $82.63 and a two-hundred day moving average price of $75.78. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 39.11, a P/E/G ratio of 4.47 and a beta of 0.62. Parsons has a 12 month low of $54.56 and a 12 month high of $113.00.

Parsons (NYSE:PSN) last posted its earnings results on Wednesday, November 5th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.74 by $0.12. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.67 billion. Parsons had a return on equity of 11.98% and a net margin of 3.69%.Parsons’s revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the company earned $0.95 EPS. Parsons has set its FY 2025 guidance at EPS. Equities analysts predict that Parsons will post 3.58 EPS for the current fiscal year.

Institutional Trading of Parsons

Several large investors have recently made changes to their positions in PSN. First Command Advisory Services Inc. acquired a new stake in shares of Parsons during the 1st quarter worth approximately $385,000. Vanguard Group Inc. lifted its holdings in Parsons by 8.2% in the first quarter. Vanguard Group Inc. now owns 4,952,299 shares of the company’s stock valued at $293,226,000 after buying an additional 376,764 shares during the period. New York State Teachers Retirement System boosted its stake in Parsons by 1.8% in the first quarter. New York State Teachers Retirement System now owns 11,317 shares of the company’s stock valued at $670,000 after acquiring an additional 200 shares during the last quarter. Deutsche Bank AG grew its holdings in Parsons by 34.7% during the 1st quarter. Deutsche Bank AG now owns 41,869 shares of the company’s stock worth $2,479,000 after acquiring an additional 10,776 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Parsons by 5.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 446,931 shares of the company’s stock worth $26,463,000 after acquiring an additional 21,709 shares during the period. Institutional investors own 98.02% of the company’s stock.

About Parsons

Parsons Corporation provides integrated solutions and services in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. The company operates through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment provides critical technologies, such as cybersecurity; missile defense; intelligence; space launch and ground systems; space and weapon system resiliency; geospatial intelligence; signals intelligence; environmental remediation; border security, critical infrastructure protection; counter unmanned air systems; biometrics and bio surveillance solutions to U.S.