ASGN (NYSE:ASGN) Lowered to “Hold” Rating by Wall Street Zen

ASGN (NYSE:ASGN) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

A number of other brokerages have also recently commented on ASGN. Truist Financial lifted their price target on ASGN from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of ASGN in a report on Wednesday, January 21st. Robert W. Baird set a $62.00 price objective on ASGN in a research note on Thursday, February 5th. Wells Fargo & Company lifted their target price on ASGN from $49.00 to $54.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $65.00 target price on shares of ASGN in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, ASGN has an average rating of “Reduce” and a consensus price target of $54.71.

ASGN Stock Up 1.9%

NYSE:ASGN opened at $36.04 on Friday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.65. ASGN has a twelve month low of $34.59 and a twelve month high of $65.51. The company has a market cap of $1.49 billion, a PE ratio of 13.81 and a beta of 0.88. The company’s 50 day moving average is $44.94 and its two-hundred day moving average is $46.45.

ASGN (NYSE:ASGN) last posted its quarterly earnings results on Wednesday, February 4th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.03). ASGN had a return on equity of 10.94% and a net margin of 2.85%.The company had revenue of $980.10 million during the quarter, compared to analysts’ expectations of $979.05 million. During the same period in the prior year, the business posted $1.28 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. ASGN has set its Q1 2026 guidance at 0.930-1.020 EPS. Analysts anticipate that ASGN will post 5.15 EPS for the current year.

Institutional Investors Weigh In On ASGN

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASGN. GAMMA Investing LLC lifted its holdings in shares of ASGN by 97.8% in the 4th quarter. GAMMA Investing LLC now owns 542 shares of the business services provider’s stock valued at $26,000 after buying an additional 268 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of ASGN by 85.3% in the third quarter. EverSource Wealth Advisors LLC now owns 543 shares of the business services provider’s stock worth $26,000 after buying an additional 250 shares during the last quarter. Torren Management LLC acquired a new stake in ASGN during the fourth quarter worth about $34,000. Rothschild Investment LLC raised its position in ASGN by 119.0% during the fourth quarter. Rothschild Investment LLC now owns 1,014 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 551 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in ASGN by 190.8% during the fourth quarter. Parallel Advisors LLC now owns 1,390 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 912 shares in the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

ASGN Company Profile

ASGN Incorporated (NYSE:ASGN) is a leading provider of specialized staffing and professional services, delivering tailored solutions across information technology, digital transformation, engineering and scientific disciplines. Through its diversified portfolio of brands, ASGN connects clients—ranging from life sciences and healthcare firms to technology enterprises and government agencies—with highly skilled consultants, project teams and permanent personnel. The company’s model emphasizes both temporary staffing and long-term consulting engagements to address complex talent and project needs.

ASGN’s service offerings are organized into two main business segments.