Analysts Set ASGN Incorporated (NYSE:ASGN) PT at $74.40

ASGN Incorporated (NYSE:ASGN - Get Free Report) has received a consensus rating of "Hold" from the five ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $74.40.

Several research analysts recently issued reports on the company. Truist Financial dropped their price objective on ASGN from $105.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Canaccord Genuity Group reissued a "hold" rating and issued a $55.00 price objective (down previously from $115.00) on shares of ASGN in a research note on Friday, April 25th. Finally, UBS Group dropped their price objective on ASGN from $56.00 to $54.00 and set a "sell" rating on the stock in a research note on Thursday, April 24th.

ASGN Trading Up 1.7%

Shares of NYSE ASGN traded up $0.92 during midday trading on Friday, hitting $55.94. The company's stock had a trading volume of 521,029 shares, compared to its average volume of 407,088. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.58. The business's 50 day moving average is $59.57 and its two-hundred day moving average is $76.30. ASGN has a 12-month low of $47.64 and a 12-month high of $105.67. The firm has a market cap of $2.45 billion, a P/E ratio of 14.57 and a beta of 1.08.

ASGN (NYSE:ASGN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.03). ASGN had a return on equity of 13.22% and a net margin of 4.27%. The business had revenue of $968.30 million during the quarter, compared to analysts' expectations of $971.00 million. During the same quarter in the previous year, the company posted $1.16 earnings per share. The company's quarterly revenue was down 7.7% compared to the same quarter last year. As a group, equities research analysts expect that ASGN will post 5.15 EPS for the current year.

Institutional Trading of ASGN

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Reinhart Partners LLC. raised its stake in ASGN by 13.4% in the 1st quarter. Reinhart Partners LLC. now owns 665,987 shares of the business services provider's stock worth $41,971,000 after acquiring an additional 78,794 shares during the last quarter. GAMMA Investing LLC raised its stake in ASGN by 47,970.1% in the 1st quarter. GAMMA Investing LLC now owns 65,856 shares of the business services provider's stock worth $41,500,000 after acquiring an additional 65,719 shares during the last quarter. Pinebridge Investments L.P. raised its stake in ASGN by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 21,983 shares of the business services provider's stock worth $1,832,000 after acquiring an additional 6,576 shares during the last quarter. SG Americas Securities LLC purchased a new position in ASGN in the 1st quarter worth $396,000. Finally, Cibc World Markets Corp purchased a new position in ASGN in the 4th quarter worth $337,000. Hedge funds and other institutional investors own 95.36% of the company's stock.

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.