ASGN (NYSE:EFOR) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Key Points

• BMO Capital Markets raised ASGN’s price target to $41 from $30 while maintaining a “market perform” rating, implying 8.55% potential upside from the stock’s $37.77 price.
• Analyst sentiment remains cautious overall: ASGN has a consensus “Reduce” rating and a $31.50 average price target, based on one Buy, five Hold, and two Sell ratings.
• ASGN exceeded quarterly expectations with $0.91 earnings per share versus the $0.82 consensus and $1.01 billion in revenue, though revenue declined 1.3% year over year. Institutional investors own approximately 95.36% of the company.

ASGN (NYSE:EFOR - Get Free Report) had its price target upped by equities researchers at BMO Capital Markets from $30.00 to $41.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a "market perform" rating on the stock. BMO Capital Markets' price objective points to a potential upside of 8.55% from the stock's current price.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings upgraded shares of ASGN from a "sell (d)" rating to a "sell (d+)" rating in a report on Monday, September 28th. Zacks Research lowered ASGN from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Wells Fargo & Company dropped their price target on shares of ASGN from $33.00 to $26.00 and set an "equal weight" rating for the company in a research report on Thursday, July 30th. Finally, Truist Financial raised their price target on ASGN from $36.00 to $45.00 and gave the company a "buy" rating in a report on Friday. One analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $31.50.

ASGN Price Performance

Shares of EFOR traded up $1.84 on Friday, reaching $37.77. 205,509 shares of the stock traded hands, compared to its average volume of 976,114. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 19.47 and a beta of 0.48. ASGN has a 12 month low of $16.90 and a 12 month high of $54.94. The stock's 50-day moving average is $32.40. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.13 and a current ratio of 2.13.

ASGN (NYSE:EFOR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.09. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $983.00 million. ASGN had a return on equity of 9.54% and a net margin of 2.09%.The business's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.17 earnings per share. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. As a group, equities research analysts forecast that ASGN will post 3.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ASGN

A hedge fund recently raised its stake in ASGN stock. SG Americas Securities LLC grew its stake in ASGN Incorporated (NYSE:EFOR - Free Report) by 68.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,386 shares of the company's stock after acquiring an additional 27,903 shares during the period. SG Americas Securities LLC owned 0.17% of ASGN worth $2,647,000 at the end of the most recent quarter. Institutional investors own 95.36% of the company's stock.

ASGN Company Profile

ASGN Incorporated is a provider of IT services and professional workforce solutions. The company helps organizations address technology and business needs through consulting, project-based services, and the placement of highly skilled professionals.

Its service offerings include digital transformation, application modernization, cloud and infrastructure services, cybersecurity, data and analytics, artificial intelligence, and enterprise technology consulting. ASGN also provides technical and professional staffing services, supplying specialists in areas such as information technology, engineering, healthcare, and other business disciplines.

ASGN serves commercial and government organizations, with operations focused primarily on the United States and additional activity in Canada.

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