ASGN Incorporated (NYSE:ASGN) Given Consensus Recommendation of "Hold" by Analysts

Shares of ASGN Incorporated (NYSE:ASGN - Get Free Report) have received an average recommendation of "Hold" from the five ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued 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 analysts recently commented on ASGN shares. Truist Financial cut their target price on shares of ASGN from $105.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Canaccord Genuity Group restated a "hold" rating and issued a $55.00 price target (down previously from $115.00) on shares of ASGN in a research report on Friday, April 25th. Finally, UBS Group reduced their price target on shares of ASGN from $56.00 to $54.00 and set a "sell" rating for the company in a research report on Thursday, April 24th.

Institutional Investors Weigh In On ASGN

Several institutional investors have recently modified their holdings of the business. Entropy Technologies LP acquired a new position in ASGN during the fourth quarter valued at approximately $299,000. Cibc World Markets Corp acquired a new position in shares of ASGN in the fourth quarter valued at $337,000. Argent Capital Management LLC grew its stake in shares of ASGN by 31.6% in the fourth quarter. Argent Capital Management LLC now owns 13,898 shares of the business services provider's stock valued at $1,158,000 after acquiring an additional 3,339 shares in the last quarter. Pinebridge Investments L.P. boosted its stake in shares of ASGN by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 21,983 shares of the business services provider's stock valued at $1,832,000 after purchasing an additional 6,576 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in ASGN by 3.1% during the 1st quarter. Russell Investments Group Ltd. now owns 16,074 shares of the business services provider's stock worth $1,013,000 after buying an additional 485 shares during the period. Institutional investors and hedge funds own 95.36% of the company's stock.

ASGN Stock Down 2.0%

Shares of ASGN stock traded down $1.15 during trading on Friday, reaching $57.11. The company had a trading volume of 26,360 shares, compared to its average volume of 402,724. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.25 and a current ratio of 2.25. ASGN has a fifty-two week low of $47.64 and a fifty-two week high of $105.67. The firm's fifty day moving average is $60.44 and its 200-day moving average is $76.85. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 14.96 and a beta of 1.08.

ASGN (NYSE:ASGN - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $0.92 EPS 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 firm had revenue of $968.30 million during the quarter, compared to the consensus estimate of $971.00 million. During the same quarter last year, the company posted $1.16 EPS. ASGN's revenue for the quarter was down 7.7% on a year-over-year basis. On average, analysts anticipate that ASGN will post 5.15 EPS for the current year.

ASGN Company Profile

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.