ASGN Incorporated (NYSE:ASGN) Given Average Rating of “Hold” by Analysts

Shares of ASGN Incorporated (NYSE:ASGNGet Free Report) have been given a consensus rating of “Hold” by the eleven ratings firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $93.50.

Several equities research analysts have issued reports on ASGN shares. Canaccord Genuity Group reissued a “buy” rating and set a $110.00 target price on shares of ASGN in a research note on Wednesday, January 3rd. TheStreet raised ASGN from a “c+” rating to a “b-” rating in a research note on Monday, November 20th. William Blair started coverage on ASGN in a research note on Friday, December 1st. They set a “buy” rating for the company. UBS Group cut their target price on ASGN to $72.00 and set a “sell” rating for the company in a research note on Friday, December 8th. Finally, Wells Fargo & Company raised their price target on ASGN to $112.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th.

Read Our Latest Stock Report on ASGN

ASGN Price Performance

NYSE:ASGN opened at $102.04 on Tuesday. ASGN has a one year low of $63.27 and a one year high of $102.65. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.47 and a current ratio of 2.47. The stock has a market cap of $4.74 billion, a PE ratio of 22.68, a P/E/G ratio of 4.03 and a beta of 1.50. The stock has a 50 day moving average price of $94.56 and a 200 day moving average price of $88.19.

ASGN (NYSE:ASGNGet Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.37 by $0.08. ASGN had a return on equity of 15.52% and a net margin of 4.93%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the firm earned $1.51 earnings per share. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities research analysts expect that ASGN will post 5.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Jennifer Hankes Painter sold 1,100 shares of ASGN stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $93.62, for a total transaction of $102,982.00. Following the sale, the senior vice president now owns 52,716 shares in the company, valued at $4,935,271.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other ASGN news, President Randolph C. Blazer sold 7,746 shares of ASGN stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $94.31, for a total value of $730,525.26. Following the sale, the president now owns 107,923 shares of the company’s stock, valued at approximately $10,178,218.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jennifer Hankes Painter sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $93.62, for a total value of $102,982.00. Following the sale, the senior vice president now directly owns 52,716 shares in the company, valued at approximately $4,935,271.92. The disclosure for this sale can be found here. Insiders sold 9,846 shares of company stock valued at $924,817 in the last ninety days. Insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On ASGN

Several institutional investors have recently modified their holdings of ASGN. Reinhart Partners LLC. raised its holdings in ASGN by 10.7% in the 4th quarter. Reinhart Partners LLC. now owns 543,369 shares of the business services provider’s stock valued at $52,256,000 after acquiring an additional 52,516 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in ASGN by 3.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider’s stock valued at $9,005,000 after acquiring an additional 3,787 shares during the last quarter. State of Tennessee Treasury Department acquired a new position in ASGN in the 4th quarter valued at $2,703,000. Russell Investments Group Ltd. increased its holdings in shares of ASGN by 19.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 24,277 shares of the business services provider’s stock worth $1,836,000 after buying an additional 3,901 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of ASGN by 8.1% during the 3rd quarter. SG Americas Securities LLC now owns 15,891 shares of the business services provider’s stock worth $1,298,000 after buying an additional 1,193 shares during the last quarter. Hedge funds and other institutional investors own 94.41% of the company’s stock.

About ASGN

(Get Free Report

ASGN Incorporated provides information technology services and professional 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.

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Analyst Recommendations for ASGN (NYSE:ASGN)

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