Robert W. Baird Increases ASGN (NYSE:ASGN) Price Target to $104.00

ASGN (NYSE:ASGN) had its price target raised by analysts at Robert W. Baird from $99.00 to $104.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price target would suggest a potential upside of 6.66% from the stock’s current price.

A number of other research analysts have also commented on the company. BMO Capital Markets upped their price target on ASGN to $110.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Jefferies Financial Group upped their price target on ASGN to $88.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Bank Of America (Bofa) restated an “underweight” rating and set a $70.00 price objective on shares of ASGN in a research report on Monday, January 8th. Truist Financial boosted their price objective on ASGN from $93.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Finally, Canaccord Genuity Group restated a “buy” rating and set a $110.00 price objective on shares of ASGN in a research report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, ASGN presently has a consensus rating of “Hold” and an average price target of $93.60.

ASGN Stock Down 1.2 %

ASGN opened at $97.51 on Thursday. The business has a 50 day moving average price of $99.60 and a 200 day moving average price of $93.47. ASGN has a twelve month low of $63.27 and a twelve month high of $106.42. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.47 and a current ratio of 2.47. The firm has a market cap of $4.53 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 4.10 and a beta of 1.50.

ASGN (NYSE:ASGN) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.16 EPS for the quarter, hitting analysts’ consensus estimates of $1.16. ASGN had a return on equity of 14.81% and a net margin of 4.76%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company earned $1.38 earnings per share. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. Research analysts forecast that ASGN will post 5.79 EPS for the current year.

Insider Buying and Selling at ASGN

In other ASGN news, SVP Jennifer Hankes Painter sold 1,100 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $93.62, for a total value of $102,982.00. Following the sale, the senior vice president now directly owns 52,716 shares in the company, valued at $4,935,271.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other ASGN news, SVP Jennifer Hankes Painter sold 1,100 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $93.62, for a total value of $102,982.00. Following the sale, the senior vice president now directly owns 52,716 shares in the company, valued at $4,935,271.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Randolph C. Blazer sold 7,746 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $94.31, for a total value of $730,525.26. Following the sale, the president now owns 107,923 shares in the company, valued at approximately $10,178,218.13. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Institutional Trading of ASGN

Several large investors have recently made changes to their positions in the business. Meadow Creek Wealth Advisors LLC bought a new stake in shares of ASGN during the first quarter worth $512,000. Reinhart Partners LLC. grew its holdings in shares of ASGN by 0.9% during the first quarter. Reinhart Partners LLC. now owns 548,300 shares of the business services provider’s stock worth $57,440,000 after purchasing an additional 4,931 shares during the last quarter. Argent Capital Management LLC grew its holdings in shares of ASGN by 8.9% during the fourth quarter. Argent Capital Management LLC now owns 5,917 shares of the business services provider’s stock worth $569,000 after purchasing an additional 484 shares during the last quarter. Kennedy Capital Management LLC grew its holdings in shares of ASGN by 3.6% during the third quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider’s stock worth $9,005,000 after purchasing an additional 3,787 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of ASGN by 38.5% during the third quarter. EverSource Wealth Advisors LLC now owns 615 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 171 shares during the period. Institutional investors own 95.36% of the company’s stock.

About ASGN

ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.