ASGN (NYSE:ASGN) Sets New 52-Week Low – Here’s What Happened

ASGN Incorporated (NYSE:ASGN) reached a new 52-week low on Friday . The company traded as low as $42.77 and last traded at $44.44, with a volume of 1176240 shares traded. The stock had previously closed at $48.33.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ASGN. Truist Financial lowered their price objective on ASGN from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. 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 target price 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 restated an “underperform” rating and issued a $42.00 target price (down previously from $53.00) on shares of ASGN in a research report on Monday, July 7th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $59.67.

ASGN Price Performance

The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.64. The stock has a market cap of $2.04 billion, a PE ratio of 15.67 and a beta of 0.93. The company has a fifty day moving average of $49.91 and a 200-day moving average of $51.85.

ASGN (NYSE:ASGN) last posted its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.09. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. ASGN had a return on equity of 11.42% and a net margin of 3.28%.The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 EPS. ASGN has set its Q4 2025 guidance at 1.120-1.200 EPS. Sell-side analysts expect that ASGN Incorporated will post 5.15 EPS for the current fiscal year.

Institutional Investors Weigh In On ASGN

Several large investors have recently bought and sold shares of ASGN. Russell Investments Group Ltd. boosted its position in shares of ASGN by 3.1% during the 1st quarter. Russell Investments Group Ltd. now owns 16,074 shares of the business services provider’s stock worth $1,013,000 after acquiring an additional 485 shares in the last quarter. Kennedy Capital Management LLC boosted its position in shares of ASGN by 1.7% in the 2nd 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. GAMMA Investing LLC boosted its position in shares of ASGN by 662.8% in the 1st quarter. GAMMA Investing LLC now owns 1,045 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 908 shares during the period. Entropy Technologies LP boosted its position in shares of ASGN by 105.5% in the 1st 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. Finally, SG Americas Securities LLC boosted its position in shares of ASGN by 1,376.9% in the 3rd quarter. SG Americas Securities LLC now owns 73,224 shares of the business services provider’s stock valued at $3,467,000 after purchasing an additional 68,266 shares during the period. Hedge funds and other 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.