ASGN (ASGN) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ASGN in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ASGN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ASGN, but not buy additional shares or sell existing shares.
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6 analysts have issued 12 month price objectives for ASGN's stock. Their ASGN share price forecasts range from $66.00 to $102.00. On average, they predict the company's share price to reach $83.20 in the next twelve months. This suggests a possible upside of 25.3% from the stock's current price.
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ASGN's stock was trading at $81.48 at the start of the year. Since then, ASGN shares have decreased by 18.5% and is now trading at $66.38.
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ASGN saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,510,000 shares, an increase of 22.8% from the April 30th total of 1,230,000 shares. Based on an average daily volume of 317,100 shares, the short-interest ratio is presently 4.8 days. Approximately 3.2% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
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ASGN Incorporated (NYSE:ASGN) issued its quarterly earnings results on Wednesday, April, 26th. The business services provider reported $1.38 EPS for the quarter, missing the consensus estimate of $1.43 by $0.05. The business services provider earned $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. ASGN had a net margin of 5.43% and a trailing twelve-month return on equity of 17.08%. The business's quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned $1.57 earnings per share.

ETFs with the largest weight of ASGN (NYSE:ASGN) stock in their portfolio include Thrivent Small-Mid Cap ESG ETF (TSME), SPDR Kensho Future Security ETF (FITE), Harbor Corporate Culture Leaders ETF (HAPY), Nuveen Small Cap Select ETF (NSCS), Fidelity Small-Mid Cap Opportunities ETF (FSMO), Invesco S&P MidCap Quality ETF (XMHQ), First Trust Mid Cap Value AlphaDEX Fund (FNK) and First Trust Horizon Managed Volatility Small/Mid ETF (HSMV).

ASGN updated its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $1.41-$1.56 for the period, compared to the consensus estimate of $1.65. The company issued revenue guidance of $1.11 billion-$1.15 billion, compared to the consensus revenue estimate of $1.19 billion.

2 employees have rated ASGN Chief Executive Officer Ted Hanson on Glassdoor.com. Ted Hanson has an approval rating of 49% among the company's employees. This puts Ted Hanson in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other ASGN investors own include Activision Blizzard (ATVI), Micron Technology (MU), Abbott Laboratories (ABT), Netflix (NFLX), NVIDIA (NVDA), Pfizer (PFE), Advanced Micro Devices (AMD), Cognex (CGNX), Lululemon Athletica (LULU) and Nektar Therapeutics (NKTR).

ASGN trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASGN."

ASGN's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Reinhart Partners Inc. (0.47%), TimesSquare Capital Management LLC (0.38%), SG Americas Securities LLC (0.11%), Amalgamated Bank (0.07%), Knights of Columbus Asset Advisors LLC (0.05%) and Russell Investments Group Ltd. (0.04%). Insiders that own company stock include Arshad Matin, Edward L Pierce, Edwin A Sheridan, Jennifer Hankes Painter, Jeremy M Jones, Jonathan S Holman, Mariel A Joliet, Mark A Frantz, Marty R Kittrell, Randolph C Blazer, Randolph C Blazer and Theodore S Hanson.
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Shares of ASGN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ASGN stock can currently be purchased for approximately $66.38.

ASGN (NYSE:ASGN) has a market capitalization of $3.27 billion and generates $4.58 billion in revenue each year. The business services provider earns $268.10 million in net income (profit) each year or $4.94 on an earnings per share basis.

The company employs 4,000 workers across the globe.

ASGN's mailing address is 4400 COX ROAD SUITE 110, GLEN ALLEN VA, 23060. The official website for the company is www.asgn.com. The business services provider can be reached via phone at (888) 482-8068, via email at lisa.newman@asgn.com, or via fax at 818-878-7930.