Parsons (NYSE:PSN) Given New $53.00 Price Target at Citigroup

Parsons (NYSE:PSN) had its target price dropped by investment analysts at Citigroup from $66.00 to $53.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 23.40% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. Jefferies Financial Group reissued a “hold” rating on shares of Parsons in a research report on Wednesday, July 8th. Zacks Research upgraded Parsons from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Stifel Nicolaus reduced their target price on Parsons from $79.00 to $66.00 and set a “buy” rating for the company in a report on Thursday. TD Cowen reissued a “buy” rating on shares of Parsons in a research report on Wednesday. Finally, Weiss Ratings downgraded Parsons from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.18.

Parsons Stock Up 6.5%

Parsons stock traded up $2.63 during mid-day trading on Thursday, hitting $42.95. The company had a trading volume of 2,607,487 shares, compared to its average volume of 1,315,116. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.55. Parsons has a 1 year low of $36.26 and a 1 year high of $89.50. The business has a fifty day moving average of $55.45 and a 200 day moving average of $58.38. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 1.96 and a beta of 0.66.

Parsons (NYSE:PSN) last issued its quarterly earnings data on Wednesday, July 29th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.82). The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Parsons had a return on equity of 11.52% and a net margin of 3.62%.The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. On average, sell-side analysts expect that Parsons will post 2.97 earnings per share for the current fiscal year.

Insider Activity at Parsons

In related news, CEO Carey A. Smith acquired 12,500 shares of Parsons stock in a transaction on Friday, May 8th. The stock was purchased at an average cost of $49.97 per share, with a total value of $624,625.00. Following the purchase, the chief executive officer directly owned 575,376 shares in the company, valued at approximately $28,751,538.72. The trade was a 2.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Keith Holdsworth acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were bought at an average cost of $51.27 per share, with a total value of $512,700.00. Following the completion of the transaction, the director directly owned 39,918 shares in the company, valued at $2,046,595.86. This trade represents a 33.42% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 32,500 shares of company stock worth $1,637,325 in the last quarter. Company insiders own 1.31% of the company’s stock.

Institutional Investors Weigh In On Parsons

A number of hedge funds have recently added to or reduced their stakes in PSN. Aster Capital Management DIFC Ltd acquired a new stake in shares of Parsons in the 4th quarter valued at approximately $25,000. Danske Bank A S purchased a new stake in shares of Parsons in the 4th quarter worth about $31,000. Los Angeles Capital Management LLC acquired a new stake in shares of Parsons in the fourth quarter valued at approximately $32,000. Versant Capital Management Inc grew its holdings in Parsons by 183.6% during the 2nd quarter. Versant Capital Management Inc now owns 553 shares of the company’s stock valued at $29,000 after buying an additional 358 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of Parsons during the fourth quarter valued at $41,000. Institutional investors and hedge funds own 98.02% of the company’s stock.

Key Headlines Impacting Parsons

Here are the key news stories impacting Parsons this week:

• Positive Sentiment: Analysts remain constructive despite lowering their estimates. Stifel Nicolaus cut its price target to $66 from $79 while maintaining a “buy” rating; Truist reaffirmed “buy” with a $60 target, and Barclays maintained “overweight” with a $60 target. These targets imply substantial potential upside from recent levels. Analyst rating reports
• Positive Sentiment: Parsons reported a 1.2x second-quarter book-to-bill ratio, a 24% year-over-year increase in contract awards, and $9.3 billion of total backlog. Federal Solutions bookings increased 51%, while Critical Infrastructure revenue rose 5%. Recent insider purchases may also signal management confidence. Parsons Reports Second Quarter 2026 Results
• Neutral Sentiment: Parsons’ stock experienced a trading halt under a limit-up/limit-down pause and reached a new 52-week low during Wednesday’s volatile session, reflecting unusually heavy trading and uncertainty following the earnings release. Parsons Reaches New 12-Month Low
• Negative Sentiment: The key pressure is Parsons’ sharply reduced fiscal 2026 guidance. Revenue is now expected at $6.2 billion-$6.5 billion, down from $6.5 billion-$6.8 billion, while adjusted EBITDA guidance fell to $500 million-$560 million from $615 million-$675 million. Management cited a terminated fixed-price contract, project delays, portfolio-shaping actions, and charges tied to a joint-venture program.
• Negative Sentiment: Second-quarter results were weak: Parsons reported a $0.06 per-share loss versus consensus earnings of $0.76, revenue of approximately $1.6 billion below expectations, and a $15.2 million net loss compared with $55.2 million of profit a year earlier. A pending investor investigation related to the guidance reduction adds another potential overhang. Parsons Investigation Notice

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.