ASGN Incorporated (NYSE:ASGN) Receives $93.50 Average PT from Brokerages

ASGN Incorporated (NYSE:ASGN) has earned a consensus rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $96.67.

Several analysts recently weighed in on ASGN shares. Canaccord Genuity Group restated a “buy” rating and issued a $110.00 price objective on shares of ASGN in a report on Wednesday, January 3rd. Robert W. Baird boosted their price target on shares of ASGN from $99.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday. BMO Capital Markets dropped their price objective on shares of ASGN from $95.00 to $94.00 and set a “market perform” rating on the stock in a research note on Friday. Jefferies Financial Group lifted their price objective on shares of ASGN to $88.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Finally, Bank Of America (Bofa) restated an “underweight” rating and set a $70.00 target price on shares of ASGN in a report on Monday, January 8th.

Insiders Place Their Bets

In other news, SVP Jennifer Hankes Painter sold 1,100 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $93.62, for a total transaction of $102,982.00. Following the completion of the sale, the senior vice president now owns 52,716 shares in the company, valued at approximately $4,935,271.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Jennifer Hankes Painter sold 1,100 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $93.62, for a total transaction of $102,982.00. Following the sale, the senior vice president now owns 52,716 shares in the company, valued at $4,935,271.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Randolph C. Blazer sold 7,746 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $94.31, for a total transaction of $730,525.26. Following the transaction, 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. Corporate insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On ASGN

Several institutional investors and hedge funds have recently made changes to their positions in ASGN. EverSource Wealth Advisors LLC lifted its holdings 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 worth $50,000 after purchasing an additional 171 shares during the period. Argent Capital Management LLC lifted its stake in ASGN by 8.9% during the 4th quarter. Argent Capital Management LLC now owns 5,917 shares of the business services provider’s stock valued at $569,000 after acquiring an additional 484 shares during the period. SG Americas Securities LLC lifted its stake in ASGN by 8.1% during the 3rd quarter. SG Americas Securities LLC now owns 15,891 shares of the business services provider’s stock valued at $1,298,000 after acquiring an additional 1,193 shares during the period. Kennedy Capital Management LLC boosted its holdings in shares of ASGN by 3.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider’s stock valued at $9,005,000 after acquiring an additional 3,787 shares during the last quarter. Finally, Meadow Creek Wealth Advisors LLC acquired a new stake in shares of ASGN in the first quarter worth $512,000. 95.36% of the stock is currently owned by institutional investors and hedge funds.

ASGN Stock Performance

ASGN stock opened at $97.51 on Thursday. ASGN has a twelve month low of $63.27 and a twelve month high of $106.42. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 4.06 and a beta of 1.50. The business’s fifty day simple moving average is $99.60 and its two-hundred day simple moving average is $93.55. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.56.

ASGN (NYSE:ASGN) last posted its quarterly earnings results on Wednesday, April 24th. The business services provider reported $1.16 earnings per share for the quarter, meeting the consensus estimate of $1.16. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. ASGN had a net margin of 4.76% and a return on equity of 14.90%. The company’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 earnings per share. Analysts predict that ASGN will post 5.65 earnings per share for the current year.

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.