ASGN Incorporated (NYSE:ASGN) Receives $96.40 Average Target Price from Analysts

ASGN Incorporated (NYSE:ASGN - Get Free Report) has received an average rating of "Moderate Buy" from the five brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $96.40.

ASGN has been the topic of a number of research analyst reports. 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. StockNews.com lowered ASGN from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th.

Institutional Investors Weigh In On ASGN

Hedge funds have recently made changes to their positions in the stock. J.Safra Asset Management Corp boosted its position in shares of ASGN by 48.1% in the 4th quarter. J.Safra Asset Management Corp now owns 428 shares of the business services provider's stock worth $36,000 after purchasing an additional 139 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of 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 during the last quarter. Cim Investment Management Inc. acquired a new stake in shares of ASGN during the 3rd quarter worth approximately $205,000. Entropy Technologies LP purchased a new position in ASGN in the fourth quarter valued at $299,000. Finally, Cibc World Markets Corp purchased a new position in ASGN during the fourth quarter worth approximately $337,000. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

ASGN Trading Down 1.9 %

NYSE ASGN traded down $1.10 during trading on Tuesday, hitting $58.18. The stock had a trading volume of 398,633 shares, compared to its average volume of 384,762. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 15.15 and a beta of 1.20. The stock has a 50 day simple moving average of $65.79 and a 200 day simple moving average of $81.55. ASGN has a one year low of $55.95 and a one year high of $105.67. 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 (NYSE:ASGN - Get Free Report) last released its earnings results on Wednesday, February 5th. The business services provider reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.07. ASGN had a return on equity of 13.22% and a net margin of 4.27%. Sell-side analysts predict that ASGN will post 5.15 earnings per share for the current 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.