ASGN (NYSE:EFOR) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded ASGN from “strong-buy” to “hold.” Other analysts remain mixed, with a consensus “Reduce” rating and an average price target of $28.67.
• ASGN reported quarterly EPS of $0.91, beating the $0.82 consensus estimate, while revenue reached $1.01 billion and declined 1.3% year over year.
• Shares opened at $32.79, with a market capitalization of approximately $1.34 billion; institutional investors own 95.36% of the company.

ASGN (NYSE:EFOR - Get Free Report) was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Monday, Zacks reports.

Other equities analysts have also issued reports about the company. Truist Financial upgraded ASGN from a "hold" rating to a "buy" rating and upped their target price for the company from $33.00 to $36.00 in a research note on Wednesday, July 22nd. Wells Fargo & Company dropped their price objective on shares of ASGN from $33.00 to $26.00 and set an "equal weight" rating for the company in a research note on Thursday, July 30th. Finally, Weiss Ratings raised shares of ASGN from a "sell (d)" rating to a "sell (d+)" rating in a research report on Monday. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $28.67.

ASGN Stock Performance

Shares of EFOR opened at $32.79 on Monday. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $1.34 billion, a P/E ratio of 16.90 and a beta of 0.46. The firm's 50 day moving average price is $30.59. ASGN has a 1 year low of $16.90 and a 1 year high of $54.94.

ASGN (NYSE:EFOR - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.82 by $0.09. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $983.00 million. ASGN had a net margin of 2.09% and a return on equity of 9.54%. ASGN's revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.17 EPS. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. Equities analysts expect that ASGN will post 3.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Reinhart Partners LLC. lifted its position in ASGN by 12.5% during the fourth quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the company's stock valued at $58,139,000 after buying an additional 134,513 shares in the last quarter. SG Americas Securities LLC increased its position in shares of ASGN by 68.9% in the first quarter. SG Americas Securities LLC now owns 68,386 shares of the company's stock worth $2,647,000 after acquiring an additional 27,903 shares in the last quarter. Finally, Rothschild Investment LLC increased its position in shares of ASGN by 119.0% in the fourth quarter. Rothschild Investment LLC now owns 1,014 shares of the company's stock worth $49,000 after acquiring an additional 551 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company's stock.

About ASGN

ASGN Incorporated is a provider of information technology services and professional staffing solutions. The company helps businesses and government organizations address technology, digital transformation and workforce needs through consulting, engineering, application development, cybersecurity, cloud and infrastructure services, as well as the placement of skilled information technology and professional personnel.

ASGN operates through commercial and federal government businesses. Its commercial operations serve companies across industries with IT consulting, managed services and talent solutions, while its federal government business supports U.S.

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