ASGN Incorporated (NYSE:EFOR) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts maintain a consensus “Hold” rating on ASGN, with two sell, four hold, one buy and one strong-buy recommendation. The average 12-month price target is $28.67, below the stock’s reported $31.60 opening price.
• Recent opinions were mixed: Truist upgraded ASGN to “Buy” with a $36 target, while Wells Fargo cut its target to $26 and Jefferies lowered its target to $22 but upgraded the stock to “Hold.”
• ASGN beat quarterly expectations with $0.91 in EPS versus the $0.82 consensus and $1.01 billion in revenue, though revenue declined 1.3% year over year. Institutional investors own a substantial 95.36% of the company’s shares.

Shares of ASGN Incorporated (NYSE:EFOR - Get Free Report) have earned an average rating of "Hold" from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $28.6667.

Several brokerages recently weighed in on EFOR. Truist Financial upgraded ASGN from a "hold" rating to a "buy" rating and increased their target price for the company from $33.00 to $36.00 in a report on Wednesday, July 22nd. Weiss Ratings raised ASGN from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday. Wells Fargo & Company lowered their price objective on ASGN from $33.00 to $26.00 and set an "equal weight" rating for the company in a research report on Thursday, July 30th. Jefferies Financial Group raised ASGN from an "underperform" rating to a "hold" rating and dropped their price objective for the company from $28.00 to $22.00 in a research note on Friday, May 29th. Finally, Zacks Research raised ASGN from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th.

ASGN Stock Up 0.5%

ASGN stock opened at $31.60 on Friday. The stock has a fifty day simple moving average of $24.10. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.13 and a quick ratio of 2.13. ASGN has a twelve month low of $16.90 and a twelve month high of $54.94. The company has a market capitalization of $1.30 billion, a P/E ratio of 16.29 and a beta of 0.46.

ASGN (NYSE:EFOR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.09. ASGN had a return on equity of 9.54% and a net margin of 2.09%.The firm had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $983.00 million. During the same period last year, the firm earned $1.17 earnings per share. The company's revenue for the quarter was down 1.3% compared to the same quarter last year. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. As a group, equities analysts expect that ASGN will post 3.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ASGN

Institutional investors have recently added to or reduced their stakes in the company. New South Capital Management Inc. grew its holdings in ASGN by 39.2% in the 4th quarter. New South Capital Management Inc. now owns 635,011 shares of the company's stock worth $30,588,000 after acquiring an additional 178,895 shares during the last quarter. Reinhart Partners LLC. raised its stake in shares of ASGN by 12.5% during the fourth quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the company's stock valued at $58,139,000 after acquiring an additional 134,513 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of ASGN by 106.4% during the fourth quarter. Russell Investments Group Ltd. now owns 62,934 shares of the company's stock valued at $3,032,000 after acquiring an additional 32,437 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of ASGN by 68.9% during the first quarter. SG Americas Securities LLC now owns 68,386 shares of the company's stock worth $2,647,000 after purchasing an additional 27,903 shares during the period. Finally, Horizon Investments LLC purchased a new stake in shares of ASGN during the third quarter worth about $515,000. Hedge funds and other institutional investors own 95.36% of the company's stock.

ASGN Company Profile

ASGN is a provider of professional services that connects skilled talent with organizations seeking technology, digital, creative and engineering expertise. The firm focuses on staffing and workforce solutions, delivering contract and permanent placement services as well as project-based consulting and managed services to support clients’ technical and operational needs.

Its offerings commonly include IT consulting, digital transformation support, application development and maintenance, data and analytics, cybersecurity, cloud services and engineering resources.

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