ASGN Incorporated (NYSE:ASGN) Receives $97.44 Consensus PT from Analysts

ASGN Incorporated (NYSE:ASGN) has been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $97.44.

A number of research firms have recently weighed in on ASGN. BMO Capital Markets upped their price objective on ASGN from $94.00 to $96.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $115.00 price target on shares of ASGN in a research report on Thursday, October 24th. Finally, Jefferies Financial Group decreased their price objective on ASGN from $95.00 to $88.00 and set a “hold” rating for the company in a research note on Monday, September 9th.

ASGN Stock Performance

Shares of ASGN stock opened at $95.37 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.25 and a quick ratio of 2.25. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 24.14 and a beta of 1.40. The business has a 50-day moving average of $94.06 and a 200 day moving average of $93.73. ASGN has a 12 month low of $84.62 and a 12 month high of $106.42.

ASGN (NYSE:ASGN) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.08. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. ASGN had a net margin of 4.37% and a return on equity of 13.65%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.68 earnings per share. As a group, sell-side analysts forecast that ASGN will post 5.17 earnings per share for the current year.

Insider Activity

In related news, President Randolph C. Blazer sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $95.03, for a total transaction of $950,300.00. Following the completion of the sale, the president now owns 85,923 shares in the company, valued at $8,165,262.69. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, President Randolph C. Blazer sold 10,000 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $95.03, for a total value of $950,300.00. Following the completion of the sale, the president now directly owns 85,923 shares of the company’s stock, valued at $8,165,262.69. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carol Lindstrom sold 1,060 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $93.02, for a total value of $98,601.20. Following the transaction, the director now directly owns 4,579 shares in the company, valued at approximately $425,938.58. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,563 shares of company stock worth $1,279,418. 3.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ASGN

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in shares of ASGN in the 1st quarter worth $154,000. Crossmark Global Holdings Inc. lifted its position in ASGN by 17.3% in the third quarter. Crossmark Global Holdings Inc. now owns 5,414 shares of the business services provider’s stock valued at $505,000 after purchasing an additional 800 shares during the period. Argent Capital Management LLC boosted its holdings in ASGN by 43.8% in the 2nd quarter. Argent Capital Management LLC now owns 9,417 shares of the business services provider’s stock valued at $830,000 after purchasing an additional 2,868 shares in the last quarter. Handelsbanken Fonder AB increased its position in ASGN by 28.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider’s stock worth $1,102,000 after purchasing an additional 2,600 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of ASGN by 1,851.6% during the 2nd quarter. SG Americas Securities LLC now owns 19,887 shares of the business services provider’s stock worth $1,753,000 after buying an additional 18,868 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

ASGN Company Profile

ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.