ASGN (NYSE:ASGN) Sets New 52-Week Low - What's Next?

Key Points

• ASGN's stock reached a new **52-week low** at **$42.77**, closing later at **$44.44** after a trading volume of **1,176,240 shares**.
• Analysts have given ASGN mixed ratings, with **two Buy**, **three Hold**, and **three Sell ratings**, while the consensus price target sits at **$59.67**.
• The company reported **earnings of $1.31 per share**, exceeding analyst expectations, but revenues were down **1.9% year-over-year** at **$1.01 billion**.

ASGN Incorporated (NYSE:ASGN - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $42.77 and last traded at $44.44, with a volume of 1176240 shares changing hands. The stock had previously closed at $48.33.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. UBS Group lowered their price objective on ASGN from $47.00 to $45.00 and set a "sell" rating on the stock in a research note on Thursday. Zacks Research upgraded ASGN from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 19th. Jefferies Financial Group restated an "underperform" rating and issued a $42.00 price objective (down from $53.00) on shares of ASGN in a research note on Monday, July 7th. Wells Fargo & Company lowered their price objective on ASGN from $56.00 to $51.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 24th. Finally, Truist Financial reduced their target price on ASGN from $75.00 to $65.00 and set a "buy" rating for the company in a report on Monday, October 13th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $59.67.

ASGN Stock Down 8.0%

The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.66. The firm has a market cap of $1.95 billion, a PE ratio of 14.96 and a beta of 0.93. The stock has a fifty day simple moving average of $50.02 and a two-hundred day simple moving average of $51.95.

ASGN (NYSE:ASGN - Get Free Report) last posted its earnings results on Wednesday, October 22nd. The business services provider reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.22 by $0.09. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. ASGN had a return on equity of 11.47% and a net margin of 3.28%.The company's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.43 EPS. ASGN has set its Q4 2025 guidance at 1.120-1.200 EPS. As a group, sell-side analysts expect that ASGN Incorporated will post 5.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ASGN. GAMMA Investing LLC grew its holdings in shares of ASGN by 662.8% during 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 in the last quarter. Entropy Technologies LP grew its holdings in shares of ASGN by 105.5% during 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 in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of ASGN by 3.1% during 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 in the last quarter. Reinhart Partners LLC. grew its holdings in shares of ASGN by 53.1% during the second quarter. Reinhart Partners LLC. now owns 1,019,406 shares of the business services provider's stock worth $50,900,000 after purchasing an additional 353,419 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its holdings in shares of ASGN by 1.7% during 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 in the last quarter. Hedge funds and other institutional investors own 95.36% of the company's stock.

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.

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