ASGN's (ASGN) Sell (D+) Rating Reaffirmed at Weiss Ratings

Key Points

• ASGN's stock was reaffirmed with a "sell (D+)" rating by Weiss Ratings, indicating continued concern regarding its performance.
• Several analysts have decreased their target prices for ASGN, with Wells Fargo lowering it from $56 to $51, reflecting increasing skepticism among market analysts.
• ASGN's most recent quarterly earnings report showed a revenue of $1.02 billion, above analysts' expectations, despite a 1.4% decline compared to the previous year.

ASGN (NYSE:ASGN - Get Free Report)'s stock had its "sell (d+)" rating reissued by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other analysts have also weighed in on ASGN. Wells Fargo & Company lowered their target price on ASGN from $56.00 to $51.00 and set an "equal weight" rating on the stock in a report on Thursday, July 24th. Wall Street Zen lowered ASGN from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Zacks Research raised ASGN from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 19th. UBS Group decreased their price objective on ASGN from $49.00 to $47.00 and set a "sell" rating on the stock in a research note on Thursday, July 24th. Finally, Jefferies Financial Group reaffirmed an "underperform" rating and set a $42.00 price objective (down previously from $53.00) on shares of ASGN in a research note on Monday, July 7th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, ASGN has a consensus rating of "Reduce" and a consensus price target of $61.67.

ASGN Stock Performance

Shares of ASGN stock traded up $0.64 during trading hours on Wednesday, hitting $48.37. 368,035 shares of the company were exchanged, compared to its average volume of 540,882. ASGN has a 1 year low of $46.51 and a 1 year high of $101.66. 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 business has a 50-day moving average of $50.88 and a 200-day moving average of $53.21. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 15.31 and a beta of 0.93.

ASGN (NYSE:ASGN - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $1.17 EPS for the quarter, topping the consensus estimate of $1.08 by $0.09. ASGN had a return on equity of 11.90% and a net margin of 3.50%.The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $994.64 million. During the same quarter in the prior year, the business earned $1.36 earnings per share. The company's quarterly revenue was down 1.4% compared to the same quarter last year. ASGN has set its Q3 2025 guidance at 1.180-1.260 EPS. As a group, analysts expect that ASGN will post 5.15 EPS for the current fiscal year.

Hedge Funds Weigh In On ASGN

A number of large investors have recently modified their holdings of the company. Kennedy Capital Management LLC raised its holdings in shares of ASGN by 1.7% in the 2nd 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 during the period. Reinhart Partners LLC. boosted its holdings in ASGN by 53.1% in the 2nd quarter. Reinhart Partners LLC. now owns 1,019,406 shares of the business services provider's stock worth $50,900,000 after acquiring an additional 353,419 shares during the period. Russell Investments Group Ltd. boosted its holdings in ASGN by 3.1% in the 1st quarter. Russell Investments Group Ltd. now owns 16,074 shares of the business services provider's stock worth $1,013,000 after acquiring an additional 485 shares during the period. Entropy Technologies LP boosted its holdings in ASGN by 105.5% in the 1st quarter. Entropy Technologies LP now owns 7,378 shares of the business services provider's stock worth $465,000 after acquiring an additional 3,788 shares during the period. Finally, SG Americas Securities LLC purchased a new position in ASGN in the 1st quarter worth approximately $396,000. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

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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