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NYSE:ASGN

ASGN - ASGN Stock Forecast, Price & News

$106.43
-0.07 (-0.07%)
(As of 08/16/2022 02:28 PM ET)
Add
Compare
Today's Range
$105.04
$106.48
50-Day Range
$79.47
$106.68
52-Week Range
$78.25
$131.89
Volume
4,127 shs
Average Volume
205,491 shs
Market Capitalization
$5.44 billion
P/E Ratio
12.87
Dividend Yield
N/A
Price Target
$105.60

ASGN MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.2% Downside
$105.60 Price Target
Short Interest
Bearish
3.28% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.10mentions of ASGN in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.53%
From $6.69 to $7.06 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.34 out of 5 stars

Computer And Technology Sector

639th out of 664 stocks

Help Supply Services Industry

18th out of 18 stocks

ASGN stock logo

About ASGN (NYSE:ASGN) Stock

ASGN Incorporated provides information technology services and professional solutions in the technology, digital, and creative fields for commercial and government sectors in the United States. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to Fortune 1000 and mid-market clients. This segment also offers workforce mobilization, modern enterprise, and digital innovation IT consulting services; and cloud, data and analytics, and digital transformation solutions. The Federal Government Segment provides mission-critical solutions to the department of defense, intelligence agencies, and civilian agencies. This segment offers cloud, cybersecurity, artificial intelligence, machine learning, application and IT modernization, and science and engineering solutions. The company was formerly known as On Assignment, Inc. and changed its name to ASGN Incorporated in April 2018. ASGN Incorporated was incorporated in 1985 and is based in Glen Allen, Virginia.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ASGN shares. StockNews.com cut shares of ASGN from a "buy" rating to a "hold" rating in a report on Tuesday, August 9th. TheStreet cut shares of ASGN from a "b" rating to a "c+" rating in a report on Thursday, June 9th. Jefferies Financial Group dropped their price objective on shares of ASGN from $125.00 to $101.00 in a report on Friday, May 27th. Truist Financial dropped their price objective on shares of ASGN from $150.00 to $110.00 and set a "buy" rating on the stock in a report on Tuesday, June 14th. Finally, Credit Suisse Group cut shares of ASGN from a "neutral" rating to an "underperform" rating and dropped their price objective for the stock from $110.00 to $90.00 in a report on Wednesday, May 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, ASGN has an average rating of "Hold" and a consensus target price of $105.60.

ASGN Price Performance

ASGN traded down $0.18 on Monday, reaching $106.50. The company had a trading volume of 194,974 shares, compared to its average volume of 248,015. The company has a fifty day moving average of $93.39 and a 200-day moving average of $104.03. The company has a market capitalization of $5.44 billion, a P/E ratio of 12.88, a PEG ratio of 1.17 and a beta of 1.83. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.56. ASGN has a one year low of $78.25 and a one year high of $131.89.

ASGN (NYSE:ASGN - Get Rating) last announced its earnings results on Wednesday, July 27th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.65 by $0.06. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. ASGN had a net margin of 10.01% and a return on equity of 18.14%. ASGN's revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.32 EPS. As a group, equities research analysts anticipate that ASGN will post 6.69 earnings per share for the current year.

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ASGN Stock News Headlines

ASGN (NYSE:ASGN) Cut to Hold at StockNews.com
ASGN (NYSE:ASGN) PT Raised to $105.00 at BMO Capital Markets
Recap: ASGN Q2 Earnings - Benzinga - Benzinga
ASGN Inc: Q2 Earnings Snapshot - Greenwich Time
ASGN Q2 2022 Earnings Preview - Seeking Alpha
ASGN (ASGN) Set to Announce Quarterly Earnings on Wednesday
See More Headlines
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ASGN Company Calendar

Last Earnings
7/27/2022
Today
8/16/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Help supply services
Sub-Industry
Human Resource & Employment Services
CUSIP
68215910
Employees
3,900
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$105.60
High Stock Price Forecast
$122.00
Low Stock Price Forecast
$90.00
Forecasted Upside/Downside
-0.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 Analysts

Profitability

Net Income
$409.90 million
Pretax Margin
8.44%

Debt

Sales & Book Value

Annual Sales
$4.01 billion
Cash Flow
$7.32 per share
Book Value
$35.80 per share

Miscellaneous

Free Float
49,567,000
Market Cap
$5.44 billion
Optionable
Optionable
Beta
1.83














ASGN Stock - Frequently Asked Questions

Should I buy or sell ASGN stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ASGN in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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.
View ASGN analyst ratings
or view top-rated stocks.

What is ASGN's stock price forecast for 2022?

6 analysts have issued twelve-month price targets for ASGN's shares. Their ASGN share price forecasts range from $90.00 to $122.00. On average, they expect the company's stock price to reach $105.60 in the next year. This suggests that the stock has a possible downside of 0.8%.
View analysts price targets for ASGN
or view top-rated stocks among Wall Street analysts.

How have ASGN shares performed in 2022?

ASGN's stock was trading at $123.40 at the start of the year. Since then, ASGN stock has decreased by 13.7% and is now trading at $106.50.
View the best growth stocks for 2022 here
.

Are investors shorting ASGN?

ASGN saw a increase in short interest in July. As of July 31st, there was short interest totaling 1,620,000 shares, an increase of 5.9% from the July 15th total of 1,530,000 shares. Based on an average daily volume of 298,200 shares, the days-to-cover ratio is presently 5.4 days. Approximately 3.3% of the company's stock are sold short.
View ASGN's Short Interest
.

When is ASGN's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our ASGN earnings forecast
.

How were ASGN's earnings last quarter?

ASGN Incorporated (NYSE:ASGN) announced its earnings results on Wednesday, July, 27th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.06. The business services provider had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. ASGN had a net margin of 10.01% and a trailing twelve-month return on equity of 18.14%. The business's quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.32 earnings per share.

What guidance has ASGN issued on next quarter's earnings?

ASGN updated its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $1.73-$1.80 for the period, compared to the consensus estimate of $1.70. The company issued revenue guidance of $1.18 billion-$1.20 billion, compared to the consensus revenue estimate of $1.17 billion.

What is Ted Hanson's approval rating as ASGN's CEO?

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.

What other stocks do shareholders of ASGN own?

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).

What is ASGN's stock symbol?

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

Who are ASGN's major shareholders?

ASGN's stock is owned by a number of retail and institutional investors. Top institutional investors include TimesSquare Capital Management LLC (0.81%), Beck Bode LLC (0.11%), Essex Investment Management Co. LLC (0.04%), SG Americas Securities LLC (0.04%), Russell Investments Group Ltd. (0.03%) and Handelsbanken Fonder AB (0.02%). 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.
View institutional ownership trends
.

How do I buy shares of ASGN?

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.
Compare Top Brokerages Here.

What is ASGN's stock price today?

One share of ASGN stock can currently be purchased for approximately $106.50.

How much money does ASGN make?

ASGN (NYSE:ASGN) has a market capitalization of $5.44 billion and generates $4.01 billion in revenue each year. The business services provider earns $409.90 million in net income (profit) each year or $8.27 on an earnings per share basis.

How many employees does ASGN have?

The company employs 3,900 workers across the globe.

How can I contact ASGN?

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.

This page (NYSE:ASGN) was last updated on 8/16/2022 by MarketBeat.com Staff

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