ASGN Incorporated (NYSE:ASGN) Receives Average Recommendation of "Hold" from Analysts

ASGN Incorporated (NYSE:ASGN - Get Free Report) has earned an average recommendation of "Hold" from the six research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $61.67.

Several equities research analysts have weighed in on the company. Jefferies Financial Group reaffirmed an "underperform" rating and issued a $42.00 target price (down from $53.00) on shares of ASGN in a research report on Monday, July 7th. Canaccord Genuity Group reiterated a "hold" rating and issued a $55.00 target price (down previously from $115.00) on shares of ASGN in a research report on Friday, April 25th. UBS Group decreased their price objective on shares of ASGN from $49.00 to $47.00 and set a "sell" rating for the company in a report on Thursday. Truist Financial decreased their price objective 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. Finally, Wells Fargo & Company dropped their price objective on shares of ASGN from $56.00 to $51.00 and set an "equal weight" rating on the stock in a report on Thursday.

ASGN Price Performance

ASGN traded down $0.95 during trading on Thursday, reaching $54.70. 1,297,513 shares of the stock were exchanged, compared to its average volume of 587,447. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 2.37. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 17.31 and a beta of 0.97. ASGN has a 1 year low of $46.63 and a 1 year high of $101.66. The business's 50 day moving average price is $51.64 and its two-hundred day moving average price is $62.99.

ASGN (NYSE:ASGN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.09. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $994.64 million. ASGN had a return on equity of 11.90% and a net margin of 3.50%. ASGN's revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.36 EPS. As a group, equities research analysts anticipate that ASGN will post 5.15 earnings per share for the current year.

Institutional Trading of ASGN

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of ASGN by 662.8% in the 1st quarter. GAMMA Investing LLC now owns 1,045 shares of the business services provider's stock valued at $66,000 after purchasing an additional 908 shares during the last quarter. SG Americas Securities LLC bought a new stake in ASGN during the first quarter valued at $396,000. Entropy Technologies LP boosted its stake 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 buying an additional 3,788 shares during the period. Russell Investments Group Ltd. boosted its stake in ASGN by 3.1% during the first quarter. Russell Investments Group Ltd. now owns 16,074 shares of the business services provider's stock valued at $1,013,000 after buying an additional 485 shares during the period. Finally, Pinebridge Investments L.P. boosted its stake in 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 buying an additional 6,576 shares during the period. 95.36% of the stock is owned by institutional investors and hedge funds.

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.