ASGN Incorporated (NYSE:ASGN) Receives $61.67 Average Target Price from Brokerages

Shares of ASGN Incorporated (NYSE:ASGN - Get Free Report) have received a consensus rating of "Hold" from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have 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 1-year price target among analysts that have issued ratings on the stock in the last year is $61.6667.

ASGN has been the topic of several research analyst reports. Jefferies Financial Group restated an "underperform" rating and issued a $42.00 price objective (down previously from $53.00) on shares of ASGN in a research note on Monday, July 7th. Zacks Research upgraded shares of ASGN from a "strong sell" rating to a "hold" rating in a research note on Tuesday. Wells Fargo & Company lowered their price objective on shares of ASGN from $56.00 to $51.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 24th. UBS Group lowered their price objective on shares of ASGN from $49.00 to $47.00 and set a "sell" rating on the stock in a research note on Thursday, July 24th. Finally, Canaccord Genuity Group restated a "hold" rating and issued a $55.00 price objective (down previously from $115.00) on shares of ASGN in a research note on Friday, April 25th.

ASGN Stock Performance

ASGN stock traded up $2.4090 during midday trading on Monday, hitting $53.8490. 50,342 shares of the company traded hands, compared to its average volume of 530,560. ASGN has a twelve month low of $46.63 and a twelve month high of $101.66. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.66. The business has a 50 day simple moving average of $50.68 and a 200-day simple moving average of $58.11. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 17.04 and a beta of 0.98.

ASGN (NYSE:ASGN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.08 by $0.09. ASGN had a return on equity of 11.90% and a net margin of 3.50%.The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $994.64 million. During the same quarter last year, the company posted $1.36 earnings per share. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. ASGN has set its Q3 2025 guidance at 1.180-1.260 EPS. As a group, equities research analysts predict that ASGN will post 5.15 earnings per share for the current year.

Institutional Investors Weigh In On ASGN

Several hedge funds and other institutional investors have recently modified their holdings of ASGN. GAMMA Investing LLC lifted 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 purchasing an additional 908 shares during the period. SG Americas Securities LLC bought a new position in ASGN in the first quarter worth $396,000. Entropy Technologies LP lifted its position 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 purchasing an additional 3,788 shares during the period. Russell Investments Group Ltd. lifted its position in ASGN by 3.1% in the first 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 during the period. Finally, Kennedy Capital Management LLC lifted its position in ASGN by 1.7% in the second quarter. Kennedy Capital Management LLC now owns 35,243 shares of the business services provider's stock worth $1,760,000 after purchasing an additional 594 shares during the period. Institutional investors and hedge funds 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.