ASGN (NYSE:EFOR) Upgraded by Truist Financial to “Buy” Rating

Truist Financial upgraded shares of ASGN (NYSE:EFOR) from a hold rating to a buy rating in a report published on Wednesday morning, MarketBeat.com reports. Truist Financial currently has $36.00 price target on the stock, up from their prior price target of $33.00.

A number of other research analysts also recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of ASGN from $54.00 to $33.00 and set an “equal weight” rating on the stock in a report on Thursday, April 23rd. Robert W. Baird cut their price target on ASGN from $62.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Jefferies Financial Group raised shares of ASGN from an “underperform” rating to a “hold” rating and cut their price objective for the company from $28.00 to $22.00 in a research report on Friday, May 29th. UBS Group reduced their target price on ASGN from $35.00 to $17.00 and set a “sell” rating for the company in a research report on Friday, May 22nd. Finally, Weiss Ratings downgraded ASGN from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $29.83.

ASGN Trading Up 11.3%

Shares of ASGN stock opened at $20.37 on Wednesday. ASGN has a 52 week low of $16.90 and a 52 week high of $60.75. The company has a market capitalization of $837.21 million, a PE ratio of 9.01 and a beta of 0.52. The business has a 50-day simple moving average of $19.19. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.82.

ASGN (NYSE:EFOR) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.28). ASGN had a net margin of 2.46% and a return on equity of 10.30%. The company had revenue of $968.30 million during the quarter. During the same period last year, the business earned $0.92 EPS. The firm’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. On average, equities analysts predict that ASGN will post 3.39 EPS for the current fiscal year.

Insider Activity at ASGN

In other ASGN news, EVP Marie Perry bought 5,350 shares of ASGN stock in a transaction that occurred on Friday, April 24th. The stock was acquired at an average price of $18.70 per share, for a total transaction of $100,045.00. Following the completion of the acquisition, the executive vice president owned 58,328 shares of the company’s stock, valued at $1,090,733.60. This trade represents a 10.10% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Theodore S. Hanson acquired 51,965 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was bought at an average price of $19.24 per share, with a total value of $999,806.60. Following the acquisition, the chief executive officer directly owned 376,843 shares in the company, valued at $7,250,459.32. This represents a 16.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 91,375 shares of company stock valued at $1,770,367 over the last 90 days. Insiders own 14.30% of the company’s stock.

Institutional Investors Weigh In On ASGN

Several hedge funds have recently added to or reduced their stakes in the business. New South Capital Management Inc. boosted its holdings in ASGN by 39.2% in the 4th quarter. New South Capital Management Inc. now owns 635,011 shares of the company’s stock valued at $30,588,000 after purchasing an additional 178,895 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of ASGN in the 3rd quarter valued at $8,030,000. Reinhart Partners LLC. increased its stake in shares of ASGN by 12.5% in the 4th quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the company’s stock valued at $58,139,000 after purchasing an additional 134,513 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of ASGN by 106.4% in the 4th quarter. Russell Investments Group Ltd. now owns 62,934 shares of the company’s stock valued at $3,032,000 after purchasing an additional 32,437 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of ASGN by 68.9% during the 1st quarter. SG Americas Securities LLC now owns 68,386 shares of the company’s stock worth $2,647,000 after buying an additional 27,903 shares in the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

ASGN Company Profile

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.