ASGN Incorporated (NYSE:ASGN) Given Consensus Rating of "Reduce" by Brokerages

Key Points

• Consensus "Reduce": Eight brokerages now give ASGN a consensus Reduce rating (three sell, five hold) with an average 12‑month price target of $35.67 after several firms cut ratings and slashed targets.
• Q1 miss and margin pressure: ASGN reported an EPS of $0.69 versus ~$0.98 expected and compressed adjusted EBITDA (~8.6%), set Q2 EPS guidance of $0.72–$0.90 with revenue ~$970M–$1.0B, and the results triggered heavy selling including an intraday decline near 50%.
• Rebrand and legal risk: Management is completing a corporate rebrand to Everforth (EFOR), while a shareholder law‑firm investigation has been announced, adding potential legal risk and distraction.

ASGN Incorporated (NYSE:ASGN - Get Free Report) has been given a consensus rating of "Reduce" by the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $35.6667.

Several equities research analysts have recently commented on ASGN shares. Truist Financial cut ASGN from a "buy" rating to a "hold" rating and lowered their target price for the company from $60.00 to $33.00 in a research note on Thursday. Weiss Ratings reiterated a "sell (d+)" rating on shares of ASGN in a report on Monday. Wall Street Zen cut ASGN from a "buy" rating to a "hold" rating in a report on Sunday, March 22nd. UBS Group reduced their target price on shares of ASGN from $39.00 to $35.00 and set a "sell" rating on the stock in a research note on Thursday. Finally, Robert W. Baird dropped their price target on shares of ASGN from $62.00 to $38.00 and set a "neutral" rating for the company in a research note on Thursday.

Institutional Investors Weigh In On ASGN

A number of institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of ASGN by 85.3% in the third quarter. EverSource Wealth Advisors LLC now owns 543 shares of the business services provider's stock valued at $26,000 after buying an additional 250 shares during the period. GAMMA Investing LLC lifted its position in ASGN by 97.8% during the 4th quarter. GAMMA Investing LLC now owns 542 shares of the business services provider's stock worth $26,000 after buying an additional 268 shares in the last quarter. Rothschild Investment LLC raised its holdings in ASGN by 119.0% during the fourth quarter. Rothschild Investment LLC now owns 1,014 shares of the business services provider's stock worth $49,000 after acquiring an additional 551 shares in the last quarter. Torren Management LLC bought a new stake in shares of ASGN during the 4th quarter worth approximately $34,000. Finally, Parallel Advisors LLC raised its position in ASGN by 190.8% during the fourth quarter. Parallel Advisors LLC now owns 1,390 shares of the business services provider's stock worth $67,000 after acquiring an additional 912 shares in the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

ASGN Stock Up 3.1%

Shares of NYSE:ASGN opened at $20.15 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82. The firm has a market cap of $831.99 million, a P/E ratio of 8.91 and a beta of 0.89. ASGN has a 12 month low of $19.31 and a 12 month high of $60.75. The company's 50-day moving average price is $38.70 and its two-hundred day moving average price is $44.21.

ASGN (NYSE:ASGN - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The business services provider reported $0.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.98 by ($0.29). The company had revenue of $968.30 million for the quarter, compared to analyst estimates of $970.48 million. ASGN had a return on equity of 10.30% and a net margin of 2.46%.ASGN's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 earnings per share. ASGN has set its Q2 2026 guidance at 0.720-0.900 EPS. As a group, research analysts forecast that ASGN will post 5.03 EPS for the current fiscal year.

More ASGN News

Here are the key news stories impacting ASGN this week:

• Positive Sentiment: Some investors see the sell‑off as an overshoot and a buying opportunity given prior fundamentals and oversold technicals; a recent Seeking Alpha piece argues panic selling creates opportunity. Everforth: I See Panic Selling Creating Opportunity
• Positive Sentiment: The company is completing a corporate name/ticker change to Everforth (EFOR), a strategic rebrand that management says accompanies its transformation — rebrands can sometimes reset market perception if execution improves. Everforth Rebrands From ASGN and Changes NYSE Ticker
• Neutral Sentiment: Q1 revenue of $968.3M was roughly in line with estimates, providing some top‑line stability even as profitability weakened. ASGN posts Q1 sales in line with estimates
• Neutral Sentiment: Management set Q2 revenue guidance of ~$970M–$1.0B and adjusted EBITDA margin guidance of 8.8%–9.5%, which provides forward visibility but signals continued margin pressure. Everforth transition continues; Q2 guidance
• Negative Sentiment: Profitability fell sharply — EPS missed ($0.69 vs ~$0.98 est), net income was only a few million and adjusted EBITDA margin compressed to ~8.6% — the weakness and weaker near‑term outlook triggered heavy selling. Q1 earnings and revenues lag estimates
• Negative Sentiment: Large intraday declines were magnified by commentary citing margin pressure from business mix, acquisition/integration costs and FX impacts at offshore delivery centers; one market note put the one‑day drop near 50%. ASGN sinks 50.7% as profit outlook resets
• Negative Sentiment: Several brokers cut ratings and lowered price targets after the quarter (Truist, BMO, Baird, Wells Fargo among them), increasing near‑term selling pressure. Truist cuts rating after Q1 miss
• Negative Sentiment: A shareholder law‑firm investigation has been announced, adding legal risk and potential distraction for management. Johnson Fistel investigation notice

ASGN Company Profile

ASGN Incorporated NYSE: ASGN is a leading provider of specialized staffing and professional services, delivering tailored solutions across information technology, digital transformation, engineering and scientific disciplines. Through its diversified portfolio of brands, ASGN connects clients—ranging from life sciences and healthcare firms to technology enterprises and government agencies—with highly skilled consultants, project teams and permanent personnel. The company's model emphasizes both temporary staffing and long-term consulting engagements to address complex talent and project needs.

ASGN's service offerings are organized into two main business segments.

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