Wells Fargo & Company Cuts ASGN (NYSE:EFOR) Price Target to $33.00

ASGN (NYSE:EFOR) had its price objective reduced by Wells Fargo & Company from $54.00 to $33.00 in a report issued on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

EFOR has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of ASGN in a research report on Monday, April 20th. Wall Street Zen lowered ASGN from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Truist Financial lifted their price objective on ASGN from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. BMO Capital Markets reiterated an “outperform” rating and issued a $65.00 price objective on shares of ASGN in a research report on Friday, February 6th. Finally, Robert W. Baird lowered their price objective on ASGN from $62.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday. Five investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $35.67.

ASGN Trading Down 2.9%

ASGN stock opened at $18.97 on Thursday.

ASGN (NYSE:EFOR) last released its quarterly earnings results on Saturday, April 25th. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.28). During the same quarter last year, the company earned $0.92 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year.

Institutional Trading of ASGN

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EFOR. EverSource Wealth Advisors LLC increased its position in ASGN by 85.3% in the third quarter. EverSource Wealth Advisors LLC now owns 543 shares of the company’s stock worth $26,000 after purchasing an additional 250 shares during the period. GAMMA Investing LLC grew its position in shares of ASGN by 97.8% during the 4th quarter. GAMMA Investing LLC now owns 542 shares of the company’s stock worth $26,000 after buying an additional 268 shares during the period. Torren Management LLC acquired a new position in shares of ASGN during the 4th quarter worth about $34,000. Rothschild Investment LLC grew its position in shares of ASGN by 119.0% during the 4th quarter. Rothschild Investment LLC now owns 1,014 shares of the company’s stock worth $49,000 after buying an additional 551 shares during the period. Finally, Parallel Advisors LLC grew its position in shares of ASGN by 190.8% during the 4th quarter. Parallel Advisors LLC now owns 1,390 shares of the company’s stock worth $67,000 after buying an additional 912 shares during the period.

More 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 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.