ASGN Incorporated (NYSE:ASGN) Receives Average Recommendation of “Hold” from Analysts

ASGN Incorporated (NYSE:ASGNGet Rating) has earned an average rating of “Hold” from the nine analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $127.50.

A number of analysts have recently commented on the stock. Zacks Investment Research lowered shares of ASGN from a “buy” rating to a “hold” rating in a research report on Tuesday. Bank of America initiated coverage on shares of ASGN in a research report on Friday, March 11th. They issued a “buy” rating on the stock. Truist Financial boosted their target price on shares of ASGN from $130.00 to $150.00 in a report on Tuesday, January 11th. StockNews.com initiated coverage on shares of ASGN in a report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, TheStreet downgraded shares of ASGN from a “b” rating to a “c+” rating in a report on Monday, March 28th.

Several large investors have recently added to or reduced their stakes in ASGN. TimesSquare Capital Management LLC increased its holdings in shares of ASGN by 7.1% in the third quarter. TimesSquare Capital Management LLC now owns 730,000 shares of the business services provider’s stock valued at $82,592,000 after purchasing an additional 48,395 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in shares of ASGN by 119.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 10,974 shares of the business services provider’s stock valued at $697,000 after purchasing an additional 5,974 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of ASGN by 10.3% in the third quarter. SG Americas Securities LLC now owns 29,503 shares of the business services provider’s stock valued at $3,338,000 after purchasing an additional 2,767 shares during the last quarter. Seizert Capital Partners LLC increased its holdings in shares of ASGN by 7.7% in the third quarter. Seizert Capital Partners LLC now owns 33,313 shares of the business services provider’s stock valued at $3,769,000 after purchasing an additional 2,391 shares during the last quarter. Finally, AMI Asset Management Corp increased its holdings in shares of ASGN by 2.9% in the third quarter. AMI Asset Management Corp now owns 81,654 shares of the business services provider’s stock valued at $9,238,000 after purchasing an additional 2,279 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

ASGN traded up $1.30 during trading on Tuesday, reaching $112.67. The company had a trading volume of 147,697 shares, compared to its average volume of 214,724. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.90 and a current ratio of 2.90. ASGN has a 12 month low of $91.61 and a 12 month high of $131.89. The company’s fifty day moving average price is $111.51. The stock has a market capitalization of $5.81 billion, a P/E ratio of 14.67, a P/E/G ratio of 1.34 and a beta of 2.01.

ASGN (NYSE:ASGNGet Rating) last announced its quarterly earnings results on Wednesday, February 9th. The business services provider reported $1.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.20. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. ASGN had a net margin of 9.93% and a return on equity of 16.94%. During the same quarter in the previous year, the firm posted $1.31 earnings per share. On average, research analysts expect that ASGN will post 6.18 EPS for the current fiscal year.

ASGN Company Profile (Get Rating)

ASGN, Inc engages in the provision of information technology and professional services in the technology, digital, creative, engineering, and life sciences fields in the commercial and government sectors. It operates through the following segments: Apex, Oxford, and ECS. The Apex segment offers technical, scientific, digital, and creative services and solutions to Fortune 1000 and mid-market clients.

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Analyst Recommendations for ASGN (NYSE:ASGN)

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