ASGN Inc (NYSE:ASGN) has been given a consensus rating of “Hold” by the eleven brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $63.71.
Several research firms have recently weighed in on ASGN. Zacks Investment Research cut ASGN from a “buy” rating to a “hold” rating in a report on Tuesday, August 4th. SunTrust Banks raised their target price on ASGN from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Credit Suisse Group raised their target price on ASGN from $50.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Finally, TheStreet raised ASGN from a “c” rating to a “b-” rating in a report on Wednesday, June 3rd.
NYSE ASGN opened at $70.73 on Friday. The business’s fifty day moving average price is $70.35 and its 200-day moving average price is $56.45. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 2.91 and a beta of 2.30. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.39 and a quick ratio of 2.39. ASGN has a 1-year low of $29.04 and a 1-year high of $74.85.
ASGN (NYSE:ASGN) last released its quarterly earnings results on Wednesday, July 29th. The business services provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.27. The firm had revenue of $936.80 million for the quarter, compared to analysts’ expectations of $898.82 million. ASGN had a return on equity of 18.50% and a net margin of 4.79%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. Equities research analysts anticipate that ASGN will post 4.44 EPS for the current year.
In related news, SVP Jennifer Hankes Painter sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $73.32, for a total transaction of $293,280.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Randolph C. Blazer sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $70.57, for a total value of $705,700.00. Following the transaction, the insider now owns 108,227 shares of the company’s stock, valued at approximately $7,637,579.39. The disclosure for this sale can be found here. Over the last three months, insiders have sold 138,906 shares of company stock worth $9,777,821. Insiders own 3.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of ASGN. FMR LLC boosted its position in shares of ASGN by 34.2% during the 2nd quarter. FMR LLC now owns 5,289,956 shares of the business services provider’s stock valued at $352,734,000 after acquiring an additional 1,346,977 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in ASGN by 212.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 660,095 shares of the business services provider’s stock worth $23,315,000 after buying an additional 448,820 shares during the last quarter. AQR Capital Management LLC lifted its position in ASGN by 880.8% in the second quarter. AQR Capital Management LLC now owns 210,983 shares of the business services provider’s stock worth $13,919,000 after buying an additional 189,471 shares during the last quarter. Federated Hermes Inc. lifted its position in ASGN by 966.1% in the first quarter. Federated Hermes Inc. now owns 195,413 shares of the business services provider’s stock worth $6,902,000 after buying an additional 177,084 shares during the last quarter. Finally, Morgan Stanley lifted its position in ASGN by 113.3% in the first quarter. Morgan Stanley now owns 294,901 shares of the business services provider’s stock worth $10,416,000 after buying an additional 156,627 shares during the last quarter. Hedge funds and other institutional investors own 92.62% of the company’s stock.
ASGN Incorporated (NYSE: ASGN) is one of the foremost providers of IT and professional services in the technology, digital, creative, engineering and life sciences fields across commercial and government sectors. Operating through its Apex, Oxford and ECS segments, ASGN helps leading corporate enterprises and government organizations develop, implement and operate critical IT and business solutions through its integrated offering of professional staffing and IT solutions.
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