ASGN Incorporated (NYSE:ASGN – Get Rating) has received an average recommendation of "Hold" from the nine brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $100.80.
ASGN has been the subject of a number of recent analyst reports. William Blair reaffirmed an "outperform" rating on shares of ASGN in a report on Friday, November 25th. StockNews.com cut ASGN from a "buy" rating to a "hold" rating in a research note on Thursday, October 20th. Robert W. Baird lowered their target price on ASGN to $108.00 in a research note on Tuesday, November 1st. Finally, BMO Capital Markets lowered their target price on ASGN from $98.00 to $95.00 and set a "market perform" rating for the company in a research note on Thursday, October 27th.
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ASGN Trading Up 2.2 %
ASGN stock opened at $84.31 on Thursday. The business has a fifty day moving average price of $84.98 and a 200 day moving average price of $91.63. ASGN has a fifty-two week low of $78.25 and a fifty-two week high of $131.89. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 14.69, a P/E/G ratio of 0.86 and a beta of 1.66. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.28 and a quick ratio of 2.28.
ASGN (NYSE:ASGN – Get Rating) last released its quarterly earnings results on Wednesday, October 26th. The business services provider reported $1.79 earnings per share for the quarter, meeting analysts' consensus estimates of $1.79. ASGN had a return on equity of 18.34% and a net
margin of 6.63%. The firm had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.19 billion. During the same period last year, the firm posted $1.58 EPS. The business's revenue was up 4.9% on a year-over-year basis. Analysts expect that ASGN will post 6.56 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in ASGN. SG Americas Securities LLC boosted its position in shares of ASGN by 26.8% in the 2nd quarter. SG Americas Securities LLC now owns 18,234 shares of the business services provider's stock worth $1,646,000 after purchasing an additional 3,849 shares during the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of ASGN in the second quarter valued at about $59,000. Eagle Bay Advisors LLC lifted its holdings in shares of ASGN by 55.0% in the second quarter. Eagle Bay Advisors LLC now owns 922 shares of the business services provider's stock valued at $83,000 after purchasing an additional 327 shares in the last quarter. Paragon Wealth Strategies LLC bought a new stake in shares of ASGN in the third quarter valued at about $27,000. Finally, Captrust Financial Advisors increased its position in shares of ASGN by 16.0% in the second quarter. Captrust Financial Advisors now owns 1,974 shares of the business services provider's stock valued at $178,000 after acquiring an additional 273 shares during the last quarter. 95.20% of the stock is currently owned by institutional investors.
ASGN Company Profile
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ASGN Incorporated provides information technology services and professional solutions in the technology, digital, and creative fields for commercial and government sectors in the United States. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to Fortune 1000 and mid-market clients.
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