Truist Financial Forecasts Strong Price Appreciation for ASGN (NYSE:EFOR) Stock

Key Points

• Truist Financial raised its price target for ASGN from $36 to $45 and maintained a “buy” rating, implying approximately 20% upside from the reported share price of $37.45.
• Analyst sentiment remains mixed: the stock has one Buy, five Hold, and two Sell ratings, resulting in a consensus “Reduce” rating and an average price target of $30.17.
• ASGN exceeded quarterly expectations, reporting $0.91 in EPS versus the $0.82 consensus and $1.01 billion in revenue, although revenue declined 1.3% year over year.

ASGN (NYSE:EFOR - Get Free Report) had its target price boosted by Truist Financial from $36.00 to $45.00 in a report released on Friday, Benzinga reports. The firm presently has a "buy" rating on the stock. Truist Financial's price objective would indicate a potential upside of 20.16% from the stock's current price.

A number of other equities research analysts have also recently issued reports on the company. Weiss Ratings upgraded ASGN from a "sell (d)" rating to a "sell (d+)" rating in a research note on Monday, September 28th. Wells Fargo & Company cut their target price 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, Zacks Research downgraded shares of ASGN from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $30.17.

ASGN Price Performance

Shares of NYSE EFOR traded up $1.52 during mid-day trading on Friday, reaching $37.45. 116,486 shares of the company's stock were exchanged, compared to its average volume of 975,621. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 19.30 and a beta of 0.48. ASGN has a 52 week low of $16.90 and a 52 week high of $54.94. 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 50-day moving average price of $32.40.

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

Institutional Investors Weigh In On ASGN

An institutional investor recently raised its stake in ASGN stock. SG Americas Securities LLC raised its position in ASGN Incorporated (NYSE:EFOR - Free Report) by 68.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,386 shares of the company's stock after purchasing 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 reporting period. Hedge funds and other institutional investors own 95.36% of the company's stock.

About ASGN

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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