ASGN (NYSE:ASGN) Upgraded by Zacks Research to Hold Rating

Key Points

• Zacks Research has upgraded ASGN from a "strong sell" to a "hold" rating, indicating a shift in sentiment regarding the company's stock performance.
• ASGN's current market capitalization stands at $2.26 billion, with a price-to-earnings ratio of 16.32 and significant fluctuations in its share price over the last year.
• Several analysts have recently adjusted their ratings and price targets for ASGN, with the consensus rating now being a "hold" and an average target price of $61.67.

ASGN (NYSE:ASGN - Get Free Report) was upgraded by investment analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Tuesday, August 19th,Zacks.com reports.

Several other equities analysts also recently commented on ASGN. Wall Street Zen downgraded shares of ASGN from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Canaccord Genuity Group restated a "hold" rating and issued a $55.00 price target (down from $115.00) on shares of ASGN in a research note on Friday, April 25th. Jefferies Financial Group restated an "underperform" rating and issued a $42.00 price target (down from $53.00) on shares of ASGN in a research note on Monday, July 7th. Wells Fargo & Company decreased their price target 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. Finally, UBS Group decreased their price target 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. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, ASGN currently has a consensus rating of "Hold" and an average price target of $61.67.

ASGN Stock Performance

Shares of NYSE:ASGN traded down $0.33 on Tuesday, hitting $52.59. The company had a trading volume of 82,624 shares, compared to its average volume of 528,936. ASGN has a 1-year low of $46.63 and a 1-year high of $101.66. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 16.64 and a beta of 0.98. The stock has a 50 day moving average price of $50.76 and a 200 day moving average price of $57.32. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.66.

ASGN (NYSE:ASGN - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $994.64 million. During the same period in the previous year, the company earned $1.36 earnings per share. The company'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. Analysts expect that ASGN will post 5.15 EPS for the current year.

Hedge Funds Weigh In On ASGN

Several hedge funds have recently bought and sold shares of the company. Reinhart Partners LLC. boosted its stake in shares of ASGN by 53.1% in the 2nd quarter. Reinhart Partners LLC. now owns 1,019,406 shares of the business services provider's stock valued at $50,900,000 after purchasing an additional 353,419 shares in the last quarter. GAMMA Investing LLC boosted its position 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 worth $41,500,000 after buying an additional 65,719 shares during the period. Pinebridge Investments L.P. boosted its position in ASGN by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 21,983 shares of the business services provider's stock worth $1,832,000 after buying an additional 6,576 shares during the period. SG Americas Securities LLC acquired a new stake in ASGN during the 1st quarter worth approximately $396,000. Finally, Entropy Technologies LP boosted its position in 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 buying an additional 3,788 shares during the period. 95.36% of the stock is 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.