Stifel Nicolaus Issues Pessimistic Forecast for Parsons (NYSE:PSN) Stock Price

Parsons (NYSE:PSN) had its price objective decreased by stock analysts at Stifel Nicolaus from $79.00 to $66.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 54.03% from the stock’s previous close.

PSN has been the subject of several other research reports. Truist Financial reaffirmed a “buy” rating and issued a $60.00 price target (down from $75.00) on shares of Parsons in a report on Thursday. Jefferies Financial Group reissued a “hold” rating on shares of Parsons in a research note on Wednesday, July 8th. Weiss Ratings cut Parsons from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. William Blair reaffirmed an “outperform” rating on shares of Parsons in a research note on Wednesday. Finally, Robert W. Baird reiterated a “neutral” rating and set a $60.00 price target on shares of Parsons in a report on Monday, April 13th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.36.

Parsons Price Performance

PSN traded up $2.53 on Thursday, reaching $42.85. 2,107,277 shares of the company’s stock were exchanged, compared to its average volume of 1,311,291. Parsons has a twelve month low of $36.26 and a twelve month high of $89.50. The stock has a market cap of $4.58 billion, a PE ratio of 20.53, a P/E/G ratio of 1.96 and a beta of 0.66. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.75 and a quick ratio of 1.75. The stock’s fifty day moving average price is $55.45 and its 200-day moving average price is $58.38.

Parsons (NYSE:PSN) last released its quarterly earnings data on Wednesday, July 29th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.82). Parsons had a net margin of 3.62% and a return on equity of 11.52%. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the previous year, the company posted $0.78 EPS. The firm’s revenue was down .5% on a year-over-year basis. Sell-side analysts expect that Parsons will post 2.97 EPS for the current year.

Insider Buying and Selling at Parsons

In other Parsons news, Director George L. Ball purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $50.00 per share, with a total value 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. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark Keith Holdsworth purchased 10,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average price of $51.27 per share, with a total value of $512,700.00. Following the completion of the acquisition, the director owned 39,918 shares in the company, valued at approximately $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 acquired 32,500 shares of company stock worth $1,637,325 over the last quarter. 1.31% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Parsons

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

Key Parsons News

Here are the key news stories impacting Parsons this week:

• Positive Sentiment: Parsons reported a 1.2x quarterly book-to-bill ratio, with contract awards up 24% year over year. Federal Solutions bookings increased 51%, while total backlog reached approximately $9.3 billion, supporting future revenue visibility. Parsons Reports Second Quarter 2026 Results
• Positive Sentiment: Critical Infrastructure revenue rose 5% year over year, and Parsons cited continued demand, Middle East-related resilience and strategic contract wins as factors supporting its long-term growth outlook. Parsons Reports Second Quarter 2026 Results
• Neutral Sentiment: Barclays lowered its PSN price target from $70 to $60 but maintained an “overweight” rating. The revised target still implies substantial upside, although the reduction signals increased near-term caution following the results. Barclays Price Target Update
• Negative Sentiment: Parsons reported quarterly EPS of negative $0.06, versus the consensus estimate of $0.76 and $0.78 a year earlier. Revenue was approximately $1.59 billion, slightly below the $1.61 billion consensus and down about 1% year over year. Parsons Reports Q2 Loss
• Negative Sentiment: Management cut fiscal 2026 revenue guidance to $6.2 billion-$6.5 billion from expectations of roughly $6.7 billion. Portfolio-shaping actions and charges tied to a joint-venture program contributed to the quarterly loss, raising concerns about execution and earnings visibility. Parsons Slashes Full-Year Guidance
• Negative Sentiment: The earnings shock drove PSN to a new 52-week low, indicating that investors are prioritizing the near-term profit and guidance deterioration over the company’s healthy bookings and backlog. Parsons Reaches New 12-Month Low

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.