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

ASGN Incorporated (NYSE:ASGN - Get Free Report) has been assigned a consensus rating of "Hold" from the six research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $71.33.

A number of equities analysts recently issued reports on ASGN shares. Canaccord Genuity Group reiterated a "hold" rating and issued a $55.00 price target (down previously from $115.00) on shares of ASGN in a research note on Friday, April 25th. Truist Financial dropped their target price on shares of ASGN from $105.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. UBS Group cut their price target on shares of ASGN from $56.00 to $54.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. Finally, Wells Fargo & Company initiated coverage on ASGN in a research report on Tuesday. They issued an "equal weight" rating and a $56.00 price objective on the stock.

Hedge Funds Weigh In On ASGN

Several institutional investors have recently made changes to their positions in ASGN. Russell Investments Group Ltd. increased its stake in shares of ASGN by 3.1% in the 1st quarter. Russell Investments Group Ltd. now owns 16,074 shares of the business services provider's stock worth $1,013,000 after purchasing an additional 485 shares in the last quarter. Entropy Technologies LP grew its holdings in ASGN by 105.5% during the first quarter. Entropy Technologies LP now owns 7,378 shares of the business services provider's stock valued at $465,000 after purchasing an additional 3,788 shares during the period. SG Americas Securities LLC purchased a new stake in ASGN in the first quarter worth about $396,000. GAMMA Investing LLC increased its position in ASGN by 662.8% in the first quarter. GAMMA Investing LLC now owns 1,045 shares of the business services provider's stock worth $66,000 after buying an additional 908 shares in the last quarter. Finally, Reinhart Partners LLC. raised its stake in shares of ASGN by 13.4% in the first quarter. Reinhart Partners LLC. now owns 665,987 shares of the business services provider's stock worth $41,971,000 after buying an additional 78,794 shares during the period. Institutional investors own 95.36% of the company's stock.

ASGN Stock Down 0.5%

Shares of ASGN stock traded down $0.25 during mid-day trading on Wednesday, reaching $52.59. 406,786 shares of the company's stock traded hands, compared to its average volume of 411,878. ASGN has a 12 month low of $47.64 and a 12 month high of $105.67. The company's 50-day moving average price is $56.15 and its 200-day moving average price is $72.36. The company has a market cap of $2.31 billion, a P/E ratio of 13.69 and a beta of 1.08. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.58.

ASGN (NYSE:ASGN - Get Free Report) last posted 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). The company had revenue of $968.30 million during the quarter, compared to analysts' expectations of $971.00 million. ASGN had a return on equity of 13.22% and a net margin of 4.27%. The business's quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.16 EPS. On average, equities analysts expect that ASGN will post 5.15 earnings per share for the current fiscal 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.