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

Key Points

• Analysts maintain a “Hold” consensus on ASGN, with two sell, four hold, one buy and one strong-buy rating. The average 12-month price target is $28.67.
• Recent analyst actions were mixed: UBS and Robert W. Baird cut their targets and maintained negative or neutral views, while Truist upgraded ASGN to “Buy” with a $36 target and Zacks raised its rating to “Strong Buy.”
• ASGN exceeded quarterly earnings expectations, reporting $0.91 in EPS versus $0.82 expected and $1.01 billion in revenue versus $983 million estimated, although revenue declined 1.3% year over year.

Shares of ASGN Incorporated (NYSE:EFOR - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eight analysts that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $28.6667.

EFOR has been the subject of a number of recent research reports. Robert W. Baird reduced their price objective on shares of ASGN from $62.00 to $38.00 and set a "neutral" rating for the company in a research note on Thursday, April 23rd. Jefferies Financial Group raised ASGN from an "underperform" rating to a "hold" rating and dropped their target price for the company from $28.00 to $22.00 in a research report on Friday, May 29th. UBS Group cut their price target on ASGN from $35.00 to $17.00 and set a "sell" rating on the stock in a report on Friday, May 22nd. Truist Financial raised ASGN from a "hold" rating to a "buy" rating and boosted their price target for the stock from $33.00 to $36.00 in a research report on Wednesday, July 22nd. Finally, Zacks Research upgraded ASGN from a "hold" rating to a "strong-buy" rating in a research note on Thursday.

Hedge Funds Weigh In On ASGN

A number of large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its position in shares of ASGN by 96.9% during the third quarter. Russell Investments Group Ltd. now owns 30,497 shares of the company's stock valued at $1,444,000 after buying an additional 15,011 shares during the last quarter. Horizon Investments LLC purchased a new position in shares of ASGN in the 3rd quarter worth approximately $515,000. Tudor Investment Corp ET AL bought a new position in shares of ASGN during the 3rd quarter worth approximately $8,030,000. Torren Management LLC purchased a new stake in ASGN during the fourth quarter valued at approximately $34,000. Finally, Seizert Capital Partners LLC acquired a new stake in ASGN in the fourth quarter valued at approximately $245,000. 95.36% of the stock is currently owned by institutional investors.

ASGN Stock Performance

NYSE EFOR opened at $28.43 on Monday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.80. The stock has a market cap of $1.17 billion, a P/E ratio of 14.65 and a beta of 0.45. The firm's 50-day simple moving average is $19.87. ASGN has a one year low of $16.90 and a one year high of $54.94.

ASGN (NYSE:EFOR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.82 by $0.09. ASGN had a net margin of 2.09% and a return on equity of 9.54%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $983.00 million. During the same quarter in the previous year, the business posted $1.17 EPS. The company's quarterly revenue was down 1.3% compared to the same quarter last year. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. Equities analysts expect that ASGN will post 3.6 earnings per share for the current fiscal year.

About ASGN

ASGN is a provider of professional services that connects skilled talent with organizations seeking technology, digital, creative and engineering expertise. The firm focuses on staffing and workforce solutions, delivering contract and permanent placement services as well as project-based consulting and managed services to support clients’ technical and operational needs.

Its offerings commonly include IT consulting, digital transformation support, application development and maintenance, data and analytics, cybersecurity, cloud services and engineering resources.

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