ASGN (NYSE:ASGN) Price Target Raised to $54.00

ASGN (NYSE:ASGN) had its target price increased by Wells Fargo & Company from $49.00 to $54.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an equal weight rating on the business services provider’s stock.

ASGN has been the topic of a number of other research reports. BMO Capital Markets reissued an “outperform” rating and set a $57.00 price target on shares of ASGN in a research note on Wednesday, December 3rd. UBS Group dropped their target price on ASGN from $47.00 to $45.00 and set a “sell” rating for the company in a research note on Thursday, October 23rd. Truist Financial increased their target price 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 restated a “sell (d+)” rating on shares of ASGN in a report on Wednesday, January 21st. Finally, Robert W. Baird set a $62.00 price objective on shares of ASGN in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, ASGN presently has an average rating of “Reduce” and a consensus target price of $54.71.

ASGN Price Performance

ASGN stock opened at $52.71 on Thursday. The stock has a market capitalization of $2.25 billion, a P/E ratio of 20.20 and a beta of 0.87. ASGN has a 12-month low of $39.25 and a 12-month high of $83.64. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.99 and a quick ratio of 1.99. The firm’s 50-day moving average is $49.04 and its two-hundred day moving average is $48.75.

ASGN (NYSE:ASGN) last announced its quarterly earnings data on Wednesday, February 4th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.03). ASGN had a net margin of 2.85% and a return on equity of 10.94%. The firm had revenue of $980.10 million for the quarter, compared to analysts’ expectations of $979.05 million. During the same period in the previous year, the company posted $1.28 EPS. The business’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. Equities analysts predict that ASGN will post 5.15 earnings per share for the current year.

Hedge Funds Weigh In On ASGN

A number of large investors have recently modified their holdings of the company. Tudor Investment Corp ET AL purchased a new stake in shares of ASGN during the 3rd quarter worth about $8,030,000. New South Capital Management Inc. lifted its position in ASGN by 46.0% during the third quarter. New South Capital Management Inc. now owns 456,116 shares of the business services provider’s stock valued at $21,597,000 after buying an additional 143,696 shares in the last quarter. Congress Asset Management Co. purchased a new stake in ASGN during the third quarter worth approximately $4,065,000. SG Americas Securities LLC increased its position in shares of ASGN by 1,376.9% in the third quarter. SG Americas Securities LLC now owns 73,224 shares of the business services provider’s stock worth $3,467,000 after acquiring an additional 68,266 shares in the last quarter. Finally, Reinhart Partners LLC. increased its position in shares of ASGN by 5.2% in the third quarter. Reinhart Partners LLC. now owns 1,072,427 shares of the business services provider’s stock worth $50,780,000 after acquiring an additional 53,021 shares in the last quarter. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

About ASGN

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.