ASGN Incorporated (NYSE:ASGN) Given Average Recommendation of "Reduce" by Analysts

Key Points

• ASGN Incorporated has received a consensus rating of "Reduce" from analysts, with three sell ratings, three holds, and two buy ratings among the eight firms covering the stock.
• The average twelve-month price objective for ASGN is $61.67, while recent ratings revisions have seen targets as low as $42.00.
• Despite a 1.4% decrease in quarterly revenue compared to last year, ASGN reported earnings per share of $1.17, surpassing analysts' estimates.

Shares of ASGN Incorporated (NYSE:ASGN - Get Free Report) have earned a consensus rating of "Reduce" from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $61.6667.

A number of analysts recently commented on the company. Weiss Ratings reiterated a "sell (d+)" rating on shares of ASGN in a report on Saturday, September 27th. Wall Street Zen lowered ASGN from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. UBS Group dropped their price target on ASGN from $49.00 to $47.00 and set a "sell" rating on the stock in a report on Thursday, July 24th. Wells Fargo & Company dropped their price target on ASGN from $56.00 to $51.00 and set an "equal weight" rating on the stock in a report on Thursday, July 24th. Finally, Jefferies Financial Group restated an "underperform" rating and issued a $42.00 target price (down from $53.00) on shares of ASGN in a research note on Monday, July 7th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ASGN. Reinhart Partners LLC. lifted its position in shares of ASGN by 53.1% during the 2nd quarter. Reinhart Partners LLC. now owns 1,019,406 shares of the business services provider's stock valued at $50,900,000 after buying an additional 353,419 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of ASGN during the 1st quarter valued at $396,000. Entropy Technologies LP lifted its position in shares of ASGN by 105.5% during the 1st quarter. Entropy Technologies LP now owns 7,378 shares of the business services provider's stock valued at $465,000 after buying an additional 3,788 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of ASGN by 662.8% during the 1st quarter. GAMMA Investing LLC now owns 1,045 shares of the business services provider's stock valued at $66,000 after buying an additional 908 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its position in shares of ASGN by 1.7% during the 2nd quarter. Kennedy Capital Management LLC now owns 35,243 shares of the business services provider's stock valued at $1,760,000 after buying an additional 594 shares during the last quarter. Hedge funds and other institutional investors own 95.36% of the company's stock.

ASGN Stock Up 0.9%

Shares of NYSE:ASGN opened at $49.07 on Tuesday. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 15.53 and a beta of 0.93. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.66. ASGN has a 12-month low of $46.51 and a 12-month high of $101.66. The business's 50 day moving average is $51.00 and its 200 day moving average is $53.25.

ASGN (NYSE:ASGN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.09. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $994.64 million. ASGN had a return on equity of 11.90% and a net margin of 3.50%.ASGN's quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company posted $1.36 earnings per share. ASGN has set its Q3 2025 guidance at 1.180-1.260 EPS. On average, sell-side analysts forecast that ASGN will post 5.15 earnings per share for the current fiscal year.

About ASGN

ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.

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