Weiss Ratings Reiterates "Sell (D+)" Rating for ASGN (NYSE:ASGN)

Key Points

• Weiss Ratings has reiterated a "sell (D+)" rating for ASGN (NYSE:ASGN), amidst other ratings adjustments from firms like Zacks, UBS Group, and Jefferies Financial Group.
• Despite analysts' cautious outlook, ASGN saw a 4.6% increase in stock price, reaching $46.53 on the trading day.
• The company reported quarterly earnings that exceeded consensus estimates, with revenue of $1.01 billion but down 1.9% compared to the same quarter last year.

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

Other research analysts have also issued research reports about the company. Zacks Research raised ASGN from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 19th. Wall Street Zen lowered ASGN from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. UBS Group cut their target price on ASGN from $47.00 to $45.00 and set a "sell" rating on the stock in a research report on Thursday. Truist Financial cut their target price on ASGN from $75.00 to $65.00 and set a "buy" rating on the stock in a research report on Monday, October 13th. Finally, Jefferies Financial Group reaffirmed an "underperform" rating and issued a $42.00 target price (down from $53.00) on shares of ASGN in a research report on Monday, July 7th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $59.67.

ASGN Trading Up 4.6%

Shares of ASGN stock traded up $2.03 during trading hours on Friday, reaching $46.53. 1,012,546 shares of the company's stock were exchanged, compared to its average volume of 546,340. ASGN has a 52-week low of $42.77 and a 52-week high of $101.66. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 15.67 and a beta of 0.93. The company has a fifty day moving average of $50.02 and a 200-day moving average of $51.95. 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 issued its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.22 by $0.09. ASGN had a return on equity of 11.47% and a net margin of 3.28%.The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the company posted $1.43 EPS. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. ASGN has set its Q4 2025 guidance at 1.120-1.200 EPS. Sell-side analysts forecast that ASGN will post 5.15 EPS for the current fiscal year.

Institutional Trading of ASGN

Several large investors have recently bought and sold shares of the company. SG Americas Securities LLC grew its position in ASGN by 1,376.9% in the third quarter. SG Americas Securities LLC now owns 73,224 shares of the business services provider's stock valued at $3,467,000 after acquiring an additional 68,266 shares in the last quarter. Congress Asset Management Co. acquired a new stake in ASGN in the third quarter valued at approximately $4,065,000. Kennedy Capital Management LLC grew its position in ASGN by 1.7% in the second quarter. Kennedy Capital Management LLC now owns 35,243 shares of the business services provider's stock valued at $1,760,000 after acquiring an additional 594 shares in the last quarter. Reinhart Partners LLC. grew its position in ASGN by 53.1% in the second quarter. Reinhart Partners LLC. now owns 1,019,406 shares of the business services provider's stock valued at $50,900,000 after acquiring an additional 353,419 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in ASGN by 3.1% in 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. Institutional investors and hedge funds own 95.36% of the company's stock.

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.

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