Analysts Set ASGN Incorporated (NYSE:ASGN) Price Target at $71.33

ASGN Incorporated (NYSE:ASGN - Get Free Report) has been given an average rating of "Hold" by the six research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $71.33.

ASGN has been the topic of a number of recent analyst reports. Truist Financial lowered their price target on ASGN from $105.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Canaccord Genuity Group restated a "hold" rating and issued a $55.00 price target (down from $115.00) on shares of ASGN in a research report on Friday, April 25th. Wells Fargo & Company began coverage on ASGN in a research note on Tuesday, June 3rd. They set an "equal weight" rating and a $56.00 price objective on the stock. Finally, UBS Group cut their target price on ASGN from $56.00 to $54.00 and set a "sell" rating for the company in a research note on Thursday, April 24th.

ASGN Stock Up 0.3%

Shares of NYSE:ASGN traded up $0.15 on Friday, hitting $52.18. 356,491 shares of the company traded hands, compared to its average volume of 419,242. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.72. ASGN has a 52 week low of $47.64 and a 52 week high of $105.67. The company has a market cap of $2.29 billion, a PE ratio of 14.87 and a beta of 0.97. The stock has a 50 day simple moving average of $52.89 and a 200-day simple moving average of $67.26.

ASGN (NYSE:ASGN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The business services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.03). ASGN had a return on equity of 12.55% and a net margin of 3.93%. The firm had revenue of $968.30 million during the quarter, compared to analysts' expectations of $971.00 million. During the same period in the prior year, the company posted $1.16 earnings per share. The company's revenue was down 7.7% compared to the same quarter last year. As a group, research analysts expect that ASGN will post 5.15 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Reinhart Partners LLC. boosted its position in 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 purchasing an additional 78,794 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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. boosted its stake in shares of ASGN by 42.7% during the fourth 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 during the period. Russell Investments Group Ltd. lifted its holdings in 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 buying an additional 485 shares during the period. Finally, Entropy Technologies LP raised its stake in ASGN by 105.5% in the first quarter. Entropy Technologies LP now owns 7,378 shares of the business services provider's stock worth $465,000 after buying an additional 3,788 shares in the last quarter. Institutional investors own 95.36% of the company's stock.

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.