ASGN Incorporated (NYSE:ASGN) Receives $105.75 Consensus Target Price from Brokerages

Shares of ASGN Incorporated (NYSE:ASGNGet Rating) have received an average recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $105.75.

A number of brokerages have issued reports on ASGN. Truist Financial reduced their target price on ASGN from $150.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, June 14th. BMO Capital Markets cut ASGN from an “outperform” rating to a “market perform” rating in a report on Thursday, May 26th. Credit Suisse Group cut ASGN from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $110.00 to $90.00 in a report on Wednesday, May 25th. StockNews.com initiated coverage on ASGN in a report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Jefferies Financial Group cut their price objective on ASGN from $125.00 to $101.00 in a report on Friday, May 27th.

ASGN stock opened at $82.56 on Friday. The business’s 50-day simple moving average is $101.99 and its 200 day simple moving average is $110.81. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 10.26, a P/E/G ratio of 0.80 and a beta of 1.91. ASGN has a 12-month low of $78.25 and a 12-month high of $131.89. The company has a quick ratio of 1.14, a current ratio of 2.99 and a debt-to-equity ratio of 0.55.

ASGN (NYSE:ASGNGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The business services provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.18. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.05 billion. ASGN had a return on equity of 17.55% and a net margin of 10.21%. During the same quarter last year, the business earned $1.15 earnings per share. As a group, sell-side analysts expect that ASGN will post 6.58 EPS for the current year.

Several large investors have recently bought and sold shares of ASGN. Russell Investments Group Ltd. increased its holdings in shares of ASGN by 9.9% during the 1st quarter. Russell Investments Group Ltd. now owns 18,840 shares of the business services provider’s stock worth $2,196,000 after acquiring an additional 1,697 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of ASGN by 82.6% during the 1st quarter. SG Americas Securities LLC now owns 14,385 shares of the business services provider’s stock worth $1,679,000 after acquiring an additional 6,507 shares during the last quarter. Argent Capital Management LLC increased its holdings in shares of ASGN by 18.1% during the 1st quarter. Argent Capital Management LLC now owns 8,773 shares of the business services provider’s stock worth $1,024,000 after acquiring an additional 1,342 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of ASGN by 2.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 4,590 shares of the business services provider’s stock worth $536,000 after acquiring an additional 100 shares during the last quarter. Finally, FDx Advisors Inc. increased its holdings in shares of ASGN by 5.1% during the 1st quarter. FDx Advisors Inc. now owns 4,459 shares of the business services provider’s stock worth $520,000 after acquiring an additional 217 shares during the last quarter. 94.33% of the stock is currently owned by hedge funds and other institutional investors.

ASGN Company Profile (Get Rating)

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.

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Analyst Recommendations for ASGN (NYSE:ASGN)

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