ASGN Incorporated (NYSE:ASGN - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $52.84, but opened at $50.70. ASGN shares last traded at $49.99, with a volume of 95,366 shares.
Analyst Ratings Changes
ASGN has been the subject of a number of research analyst reports. Jefferies Financial Group restated an "underperform" rating and issued a $42.00 price target (down previously from $53.00) on shares of ASGN in a research report on Monday. Canaccord Genuity Group restated a "hold" rating and set a $55.00 target price (down previously from $115.00) on shares of ASGN in a research report on Friday, April 25th. Wells Fargo & Company assumed coverage on shares of ASGN in a research report on Tuesday, June 3rd. They issued an "equal weight" rating and a $56.00 price target on the stock. UBS Group cut their price objective on ASGN from $56.00 to $54.00 and set a "sell" rating for the company in a research report on Thursday, April 24th. Finally, Truist Financial lowered their target price on ASGN from $105.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, ASGN currently has a consensus rating of "Hold" and an average price target of $63.67.
Read Our Latest Report on ASGN
ASGN Stock Down 6.3%
The company has a debt-to-equity ratio of 0.72, a current ratio of 2.37 and a quick ratio of 2.37. The stock's fifty day simple moving average is $52.78 and its two-hundred day simple moving average is $66.19. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 10.59 and a beta of 0.97.
ASGN (NYSE:ASGN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.03). The firm had revenue of $968.30 million during the quarter, compared to analyst estimates of $971.00 million. ASGN had a net margin of 3.93% and a return on equity of 12.55%. ASGN's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.16 EPS. On average, sell-side analysts predict that ASGN Incorporated will post 5.15 earnings per share for the current fiscal year.
Institutional Trading of ASGN
A number of hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. raised its position 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 acquiring an additional 485 shares in the last quarter. Entropy Technologies LP increased its stake in shares of ASGN by 105.5% during the 1st 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 last quarter. SG Americas Securities LLC bought a new position in shares of ASGN during the 1st quarter valued at $396,000. GAMMA Investing LLC lifted 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. Finally, Reinhart Partners LLC. boosted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 95.36% of the company's stock.
About ASGN
(
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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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