Robert W. Baird Cuts ASGN (NYSE:EFOR) Price Target to $38.00

ASGN (NYSE:EFOR) had its target price lowered by Robert W. Baird from $62.00 to $38.00 in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a neutral rating on the stock.

Several other brokerages also recently commented on EFOR. Wells Fargo & Company increased their price target on ASGN from $49.00 to $54.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Truist Financial increased their price target on ASGN from $50.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. Wall Street Zen downgraded ASGN from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of ASGN in a report on Monday, April 20th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $65.00 price target on shares of ASGN in a report on Friday, February 6th. Five equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $35.67.

ASGN Stock Down 2.9%

ASGN stock opened at $18.97 on Thursday.

ASGN (NYSE:EFOR) last announced its quarterly earnings results on Saturday, April 25th. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.28). During the same quarter in the prior year, the business posted $0.92 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis.

Institutional Investors Weigh In On ASGN

Several hedge funds and other institutional investors have recently modified their holdings of EFOR. SG Americas Securities LLC grew its stake in shares of ASGN by 1,376.9% in the third quarter. SG Americas Securities LLC now owns 73,224 shares of the company’s stock worth $3,467,000 after acquiring an additional 68,266 shares during the last quarter. Reinhart Partners LLC. grew its stake in shares of ASGN by 5.2% in the third quarter. Reinhart Partners LLC. now owns 1,072,427 shares of the company’s stock worth $50,780,000 after acquiring an additional 53,021 shares during the last quarter. TradeLink Capital LLC acquired a new stake in shares of ASGN in the third quarter worth $259,000. SummerHaven Investment Management LLC acquired a new stake in shares of ASGN in the third quarter worth $797,000. Finally, LRI Investments LLC grew its stake in shares of ASGN by 761.9% in the third quarter. LRI Investments LLC now owns 1,741 shares of the company’s stock worth $82,000 after acquiring an additional 1,539 shares during the last quarter.

ASGN News Summary

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 is a provider of professional services that connects skilled talent with organizations seeking technology, digital, creative and engineering expertise. The firm focuses on staffing and workforce solutions, delivering contract and permanent placement services as well as project-based consulting and managed services to support clients’ technical and operational needs.

Its offerings commonly include IT consulting, digital transformation support, application development and maintenance, data and analytics, cybersecurity, cloud services and engineering resources.