ASGN (NYSE:ASGN) Shares Gap Up - Time to Buy?

Key Points

• ASGN Incorporated's shares opened higher at $54.23 after previously closing at $52.43, indicating market optimism ahead of analyst evaluations.
• Analyst ratings for ASGN show a mix of opinions, with two maintaining a Buy rating, three rating it Hold, and two advising to Sell, leading to an average target of $61.67.
• The company reported earnings per share of $1.17 for the last quarter, surpassing analyst estimates, although revenue saw a 1.4% year-over-year decline.

Shares of ASGN Incorporated (NYSE:ASGN - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $52.43, but opened at $54.23. ASGN shares last traded at $52.67, with a volume of 296,179 shares.

Wall Street Analyst Weigh In

Several research firms have issued reports on ASGN. Zacks Research raised ASGN from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th. Jefferies Financial Group reissued 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. UBS Group dropped their target price on ASGN from $49.00 to $47.00 and set a "sell" rating on the stock in a research report on Thursday, July 24th. Wells Fargo & Company reduced their target price on ASGN from $56.00 to $51.00 and set an "equal weight" rating for the company in a research note on Thursday, July 24th. Finally, Wall Street Zen lowered ASGN from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, ASGN has an average rating of "Hold" and a consensus target price of $61.67.

ASGN Trading Down 3.2%

The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.11 and a current ratio of 2.11. The business's 50 day moving average price is $51.43 and its 200-day moving average price is $55.42. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 16.29 and a beta of 0.98.

ASGN (NYSE:ASGN - Get Free Report) last issued 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 net margin of 3.50% and a return on equity of 11.90%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $994.64 million. During the same quarter in the prior year, the firm earned $1.36 EPS. The firm's quarterly revenue was down 1.4% on a year-over-year basis. ASGN has set its Q3 2025 guidance at 1.180-1.260 EPS. Equities analysts expect that ASGN Incorporated will post 5.15 EPS for the current year.

Hedge Funds Weigh In On ASGN

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in ASGN by 47,970.1% during the 1st quarter. GAMMA Investing LLC now owns 65,856 shares of the business services provider's stock valued at $41,500,000 after buying an additional 65,719 shares in the last quarter. Reinhart Partners LLC. grew its holdings in ASGN by 13.4% in the 1st quarter. Reinhart Partners LLC. now owns 665,987 shares of the business services provider's stock worth $41,971,000 after acquiring an additional 78,794 shares during the last quarter. SG Americas Securities LLC bought a new stake in ASGN in the 1st quarter worth $396,000. Entropy Technologies LP raised 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 valued at $465,000 after acquiring an additional 3,788 shares in the last quarter. Finally, Russell Investments Group Ltd. raised 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 valued at $1,013,000 after acquiring an additional 485 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors.

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.