Analysts Set ASGN Incorporated (NYSE:ASGN) Target Price at $93.50

Shares of ASGN Incorporated (NYSE:ASGN - Get Free Report) have been given an average rating of "Hold" by the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $95.20.

Several brokerages have issued reports on ASGN. BMO Capital Markets raised their price objective on ASGN to $110.00 and gave the stock a "hold" rating in a report on Wednesday, January 10th. Robert W. Baird increased their price objective on ASGN from $99.00 to $104.00 and gave the company a "neutral" rating in a report on Thursday. Bank Of America (Bofa) reaffirmed an "underweight" rating and issued a $70.00 target price on shares of ASGN in a report on Monday, January 8th. Jefferies Financial Group increased their price target on shares of ASGN to $88.00 and gave the stock a "hold" rating in a research note on Wednesday, January 10th. Finally, Canaccord Genuity Group restated a "buy" rating and issued a $110.00 price objective on shares of ASGN in a research note on Wednesday, January 3rd.

ASGN Stock Down 3.3 %

Shares of NYSE ASGN traded down $3.37 during midday trading on Thursday, hitting $98.74. 556,446 shares of the company's stock were exchanged, compared to its average volume of 246,541. The firm's fifty day simple moving average is $99.56 and its 200-day simple moving average is $93.32. The company has a market cap of $4.59 billion, a PE ratio of 21.94, a P/E/G ratio of 4.05 and a beta of 1.50. ASGN has a twelve month low of $63.27 and a twelve month high of $106.42. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.47 and a quick ratio of 2.47.

ASGN (NYSE:ASGN - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.16 earnings per share for the quarter, hitting analysts' consensus estimates of $1.16. ASGN had a net margin of 4.93% and a return on equity of 15.52%. The company had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter last year, the company earned $1.38 earnings per share. The firm's revenue for the quarter was down 7.1% on a year-over-year basis. Research analysts predict that ASGN will post 5.79 EPS for the current fiscal year.

Insider Transactions at ASGN

In other ASGN news, SVP Jennifer Hankes Painter sold 1,100 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $93.62, for a total value of $102,982.00. Following the completion of the transaction, the senior vice president now owns 52,716 shares in the company, valued at $4,935,271.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Jennifer Hankes Painter sold 1,100 shares of the business's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $93.62, for a total transaction of $102,982.00. Following the sale, the senior vice president now owns 52,716 shares of the company's stock, valued at approximately $4,935,271.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Randolph C. Blazer sold 7,746 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $94.31, for a total value of $730,525.26. Following the completion of the transaction, the president now directly owns 107,923 shares of the company's stock, valued at $10,178,218.13. The disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.

Institutional Trading of ASGN

Several large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its position in ASGN by 38.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 615 shares of the business services provider's stock worth $50,000 after purchasing an additional 171 shares in the last quarter. Argent Capital Management LLC grew its holdings in shares of ASGN by 19.5% during the third quarter. Argent Capital Management LLC now owns 5,433 shares of the business services provider's stock worth $444,000 after buying an additional 887 shares in the last quarter. Meadow Creek Wealth Advisors LLC acquired a new position in shares of ASGN in the first quarter valued at approximately $512,000. SG Americas Securities LLC boosted its position in ASGN by 8.1% during the third quarter. SG Americas Securities LLC now owns 15,891 shares of the business services provider's stock worth $1,298,000 after acquiring an additional 1,193 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its stake in ASGN by 3.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider's stock worth $9,005,000 after acquiring an additional 3,787 shares during the period. 95.36% of the stock is currently owned by institutional investors and hedge funds.

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.