ASGN Incorporated (NYSE:ASGN) Receives $61.67 Average Target Price from Analysts

ASGN Incorporated (NYSE:ASGN) has been given a consensus rating of “Hold” by the seven research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $61.6667.

A number of brokerages recently commented on ASGN. UBS Group reduced their price objective on ASGN from $49.00 to $47.00 and set a “sell” rating on the stock in a research report on Thursday, July 24th. Wall Street Zen downgraded ASGN from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Wells Fargo & Company reduced their price objective on ASGN from $56.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 24th. Zacks Research upgraded ASGN from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a $42.00 price objective (down previously from $53.00) on shares of ASGN in a research report on Monday, July 7th.

Institutional Investors Weigh In On ASGN

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Reinhart Partners LLC. raised its position in ASGN by 53.1% in the second quarter. Reinhart Partners LLC. now owns 1,019,406 shares of the business services provider’s stock valued at $50,900,000 after purchasing an additional 353,419 shares during the period. GAMMA Investing LLC raised its position in ASGN by 47,970.1% in the first quarter. GAMMA Investing LLC now owns 65,856 shares of the business services provider’s stock valued at $41,500,000 after purchasing an additional 65,719 shares during the period. Kennedy Capital Management LLC raised its position in ASGN by 1.7% in the second quarter. Kennedy Capital Management LLC now owns 35,243 shares of the business services provider’s stock valued at $1,760,000 after purchasing an additional 594 shares during the period. Russell Investments Group Ltd. raised its position in ASGN by 3.1% in the first quarter. Russell Investments Group Ltd. now owns 16,074 shares of the business services provider’s stock valued at $1,013,000 after purchasing an additional 485 shares during the period. Finally, Entropy Technologies LP raised its position in ASGN by 105.5% in the first quarter. Entropy Technologies LP now owns 7,378 shares of the business services provider’s stock valued at $465,000 after purchasing an additional 3,788 shares during the period. Hedge funds and other institutional investors own 95.36% of the company’s stock.

ASGN Stock Performance

NYSE ASGN opened at $51.48 on Friday. The company has a market cap of $2.26 billion, a PE ratio of 16.29 and a beta of 0.98. The stock’s 50 day simple moving average is $51.43 and its 200-day simple moving average is $55.34. ASGN has a 1-year low of $46.63 and a 1-year high of $101.66. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.11 and a quick ratio of 2.11.

ASGN (NYSE:ASGN) last released its earnings results on Wednesday, July 23rd. The business services provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.09. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $994.64 million. ASGN had a return on equity of 11.90% and a net margin of 3.50%.The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 earnings per share. ASGN has set its Q3 2025 guidance at 1.180-1.260 EPS. As a group, equities research analysts anticipate that ASGN will post 5.15 EPS for the current fiscal 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.