Parsons (NYSE:PSN) Given “Buy” Rating at Truist Financial

Posted by Geri Gentry on Jul 31st, 2026

Truist Financial restated their buy rating on shares of Parsons (NYSE:PSN – Free Report) in a research report report published on Thursday,Benzinga reports. The brokerage currently has a $60.00 target price on the stock, down from their prior target price of $75.00.

A number of other research firms have also weighed in on PSN. Jefferies Financial Group restated a “hold” rating on shares of Parsons in a research note on Wednesday, July 8th. KeyCorp lowered shares of Parsons from an “overweight” rating to a “sector weight” rating in a report on Tuesday, April 14th. William Blair reiterated an “outperform” rating on shares of Parsons in a research note on Wednesday. Citigroup increased their target price on Parsons from $65.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Finally, Barclays cut their price target on Parsons from $70.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Parsons has a consensus rating of “Moderate Buy” and an average target price of $66.82.

Read Our Latest Research Report on Parsons

Parsons Stock Performance

Shares of PSN stock opened at $43.38 on Thursday. The firm has a 50 day moving average of $55.28 and a two-hundred day moving average of $58.19. The stock has a market capitalization of $4.64 billion, a PE ratio of 29.92, a P/E/G ratio of 1.27 and a beta of 0.66. The company has a quick ratio of 1.75, a current ratio of 1.66 and a debt-to-equity ratio of 0.54. Parsons has a 52 week low of $36.26 and a 52 week high of $89.50.

Parsons (NYSE:PSN – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates 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 8.10% and a net margin of 2.50%.The firm’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 EPS. On average, research analysts predict that Parsons will post 2.97 EPS for the current fiscal year.

Insider Activity at Parsons

In related news, Director George L. Ball bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of $50.00 per share, with a total value of $500,000.00. Following the transaction, the director directly owned 150,383 shares of the company’s stock, valued at approximately $7,519,150. This represents a 7.12% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark Keith Holdsworth purchased 10,000 shares of Parsons stock in a transaction that occurred on Tuesday, May 12th. The stock was 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 owned 39,918 shares of the company’s stock, valued at $2,046,595.86. The trade was a 33.42% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 32,500 shares of company stock valued at $1,637,325 in the last ninety days. Insiders own 1.31% of the company’s stock.

Institutional Trading of Parsons

Large investors have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new position in Parsons during the 4th quarter worth approximately $25,000. Versant Capital Management Inc grew its position in shares of Parsons by 183.6% during the second quarter. Versant Capital Management Inc now owns 553 shares of the company’s stock worth $29,000 after acquiring an additional 358 shares during the last quarter. Danske Bank A S acquired a new position in shares of Parsons in the 4th quarter valued at $31,000. Los Angeles Capital Management LLC purchased a new stake in Parsons in the 4th quarter valued at $32,000. Finally, ST Germain D J Co. Inc. acquired a new stake in Parsons during the 4th quarter worth $41,000. 98.02% of the stock is owned by institutional investors and hedge funds.

Key Parsons News

Here are the key news stories impacting Parsons this week:

Positive Sentiment: Analysts retained bullish ratings. UBS, Citigroup, Stifel, Truist and Barclays all maintained buy or overweight-equivalent ratings, although each lowered its price target. Their revised targets still imply approximately 22% to 52% upside from the reference price, which may be supporting the rebound. Analyst price target updates
Positive Sentiment: Bookings and backlog remain encouraging. Parsons reported a 1.2x second-quarter book-to-bill ratio, a 24% year-over-year increase in contract awards and a $9.3 billion total backlog. Federal Solutions bookings rose 51%, while Critical Infrastructure revenue increased 5%. These metrics suggest continuing demand despite near-term execution issues. Parsons Reports Second Quarter 2026 Results
Neutral Sentiment: Management is targeting portfolio changes. Parsons expects 2026 revenue of $6.2 billion to $6.5 billion and is targeting the closing of a divestiture in the third quarter. The planned portfolio-shaping actions could improve profitability over time, but they also contributed to current-quarter charges and uncertainty. Parsons 2026 revenue outlook
Negative Sentiment: Second-quarter results materially missed expectations. Parsons reported an adjusted loss of $0.06 per share versus consensus estimates for roughly $0.76 of earnings, while revenue was $1.59 billion, slightly below forecasts. Net income declined $70 million year over year, adjusted EBITDA fell 72% and the adjusted EBITDA margin contracted by 670 basis points. Parsons Q2 earnings miss
Negative Sentiment: Full-year guidance was cut. Management lowered revenue guidance from $6.5 billion-$6.8 billion to $6.2 billion-$6.5 billion and adjusted EBITDA guidance from $615 million-$675 million to $500 million-$560 million. The reductions were linked to a terminated fixed-price contract, project delays, portfolio actions and a joint-venture program charge. Parsons guidance reduction
Negative Sentiment: Multiple law firms announced securities investigations. The notices concern possible federal securities-law violations following the earnings and guidance disclosures. They are investor-solicitation announcements, not findings of wrongdoing, but could add reputational, litigation and financial risk. Parsons investor investigation

Parsons Company Profile

(Get Free Report)

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.