ASGN (NYSE:ASGN) Stock Rating Lowered by BMO Capital Markets

ASGN (NYSE:ASGN) was downgraded by stock analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They currently have a $33.00 target price on the business services provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 63.81% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. Truist Financial downgraded shares of ASGN from a “buy” rating to a “hold” rating and dropped their price objective for the company from $60.00 to $33.00 in a research note on Thursday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ASGN in a research note on Monday. Robert W. Baird set a $62.00 price objective on shares of ASGN in a research note on Thursday, February 5th. Wells Fargo & Company upped their price objective on shares of ASGN from $49.00 to $54.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Finally, Wall Street Zen downgraded shares of ASGN from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Five research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $35.67.

ASGN Trading Up 3.1%

Shares of ASGN stock opened at $20.15 on Thursday. The firm has a 50-day moving average price of $38.70 and a 200 day moving average price of $44.21. ASGN has a twelve month low of $19.31 and a twelve month high of $60.75. The company has a market capitalization of $831.99 million, a price-to-earnings ratio of 8.91 and a beta of 0.89. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.82.

ASGN (NYSE:ASGN) last announced its earnings results on Wednesday, April 22nd. The business services provider reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.29). ASGN had a net margin of 2.46% and a return on equity of 10.30%. The firm had revenue of $968.30 million during the quarter, compared to analyst estimates of $970.48 million. During the same period in the previous year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up .0% compared to the same quarter last year. ASGN has set its Q2 2026 guidance at 0.720-0.900 EPS. Research analysts forecast that ASGN will post 5.03 earnings per share for the current fiscal year.

Institutional Trading of ASGN

A number of institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in shares of ASGN by 85.3% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 543 shares of the business services provider’s stock worth $26,000 after purchasing an additional 250 shares during the period. GAMMA Investing LLC grew its holdings in shares of ASGN by 97.8% during the 4th quarter. GAMMA Investing LLC now owns 542 shares of the business services provider’s stock worth $26,000 after purchasing an additional 268 shares during the period. Rothschild Investment LLC grew its holdings in shares of ASGN by 119.0% during the 4th quarter. Rothschild Investment LLC now owns 1,014 shares of the business services provider’s stock worth $49,000 after purchasing an additional 551 shares during the period. Torren Management LLC purchased a new stake in shares of ASGN during the 4th quarter worth about $34,000. Finally, Parallel Advisors LLC grew its holdings in shares of ASGN by 190.8% during the 4th quarter. Parallel Advisors LLC now owns 1,390 shares of the business services provider’s stock worth $67,000 after purchasing an additional 912 shares during the period. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Key ASGN News

Here are the key news stories impacting ASGN this week:

• Positive Sentiment: Some investors see the sell‑off as an overshoot and a buying opportunity given prior fundamentals and oversold technicals; a recent Seeking Alpha piece argues panic selling creates opportunity. Everforth: I See Panic Selling Creating Opportunity
• Positive Sentiment: The company is completing a corporate name/ticker change to Everforth (EFOR), a strategic rebrand that management says accompanies its transformation — rebrands can sometimes reset market perception if execution improves. Everforth Rebrands From ASGN and Changes NYSE Ticker
• Neutral Sentiment: Q1 revenue of $968.3M was roughly in line with estimates, providing some top‑line stability even as profitability weakened. ASGN posts Q1 sales in line with estimates
• Neutral Sentiment: Management set Q2 revenue guidance of ~$970M–$1.0B and adjusted EBITDA margin guidance of 8.8%–9.5%, which provides forward visibility but signals continued margin pressure. Everforth transition continues; Q2 guidance
• Negative Sentiment: Profitability fell sharply — EPS missed ($0.69 vs ~$0.98 est), net income was only a few million and adjusted EBITDA margin compressed to ~8.6% — the weakness and weaker near‑term outlook triggered heavy selling. Q1 earnings and revenues lag estimates
• Negative Sentiment: Large intraday declines were magnified by commentary citing margin pressure from business mix, acquisition/integration costs and FX impacts at offshore delivery centers; one market note put the one‑day drop near 50%. ASGN sinks 50.7% as profit outlook resets
• Negative Sentiment: Several brokers cut ratings and lowered price targets after the quarter (Truist, BMO, Baird, Wells Fargo among them), increasing near‑term selling pressure. Truist cuts rating after Q1 miss
• Negative Sentiment: A shareholder law‑firm investigation has been announced, adding legal risk and potential distraction for management. Johnson Fistel investigation notice

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.