Research Analysts’ Weekly Ratings Changes for Parsons (PSN)

A number of firms have modified their ratings and price targets on shares of Parsons (NYSE: PSN) recently:

• 1/8/2025 – Parsons had its price target lowered by analysts at KeyCorp from $122.00 to $102.00. They now have an “overweight” rating on the stock.
• 1/8/2025 – Parsons had its price target lowered by analysts at TD Cowen from $117.00 to $105.00. They now have a “buy” rating on the stock.
• 1/2/2025 – Parsons was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.
• 12/19/2024 – Parsons was upgraded by analysts at TD Cowen to a “strong-buy” rating.
• 12/12/2024 – Parsons was upgraded by analysts at The Goldman Sachs Group, Inc. from a “neutral” rating to a “buy” rating. They now have a $111.00 price target on the stock, up previously from $103.00.
• 11/22/2024 – Parsons had its price target lowered by analysts at Truist Financial Co. from $130.00 to $110.00. They now have a “buy” rating on the stock.

Parsons Price Performance

Shares of NYSE PSN opened at $91.69 on Thursday. The business’s 50 day moving average price is $98.41 and its 200 day moving average price is $95.02. The firm has a market cap of $9.74 billion, a P/E ratio of 138.93, a P/E/G ratio of 1.72 and a beta of 0.74. Parsons Co. has a 52 week low of $62.13 and a 52 week high of $114.68. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.47.

Parsons (NYSE:PSN) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.73 by $0.07. Parsons had a return on equity of 12.74% and a net margin of 1.21%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.63 billion. On average, sell-side analysts expect that Parsons Co. will post 3.02 earnings per share for the current year.

Institutional Investors Weigh In On Parsons

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of Parsons by 224.7% during the 4th quarter. GAMMA Investing LLC now owns 315 shares of the company’s stock valued at $29,000 after buying an additional 218 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Parsons during the 3rd quarter valued at approximately $30,000. V Square Quantitative Management LLC purchased a new position in shares of Parsons during the 3rd quarter valued at approximately $33,000. Capital Performance Advisors LLP purchased a new position in shares of Parsons during the 3rd quarter valued at approximately $45,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Parsons during the 3rd quarter valued at approximately $72,000. Hedge funds and other institutional investors own 98.02% of the company’s stock.

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.