ASGN Incorporated (NYSE:ASGN) Receives Average Recommendation of “Hold” from Brokerages

ASGN Incorporated (NYSE:ASGN) has received a consensus recommendation of “Hold” from the ten brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $97.22.

A number of analysts recently commented on the company. BMO Capital Markets decreased their target price on ASGN from $95.00 to $94.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. Robert W. Baird upped their price objective on shares of ASGN from $99.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $115.00 target price on shares of ASGN in a report on Thursday, July 25th.

ASGN Trading Down 0.4 %

ASGN stock traded down $0.32 during mid-day trading on Friday, hitting $88.35. 183,867 shares of the stock were exchanged, compared to its average volume of 304,437. The firm’s fifty day simple moving average is $91.90 and its two-hundred day simple moving average is $95.95. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.57. ASGN has a 12 month low of $76.70 and a 12 month high of $106.42. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 13.69 and a beta of 1.40.

ASGN (NYSE:ASGN) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.03. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.05 billion. ASGN had a net margin of 4.56% and a return on equity of 14.30%. ASGN’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.59 EPS. Analysts forecast that ASGN will post 5.18 EPS for the current year.

Institutional Investors Weigh In On ASGN

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Argent Capital Management LLC grew its holdings in ASGN by 8.9% during the 4th quarter. Argent Capital Management LLC now owns 5,917 shares of the business services provider’s stock valued at $569,000 after buying an additional 484 shares in the last quarter. LRI Investments LLC bought a new position in shares of ASGN in the 1st quarter worth $154,000. Meadow Creek Wealth Advisors LLC purchased a new stake in shares of ASGN during the 1st quarter valued at $512,000. Reinhart Partners LLC. raised its position in shares of ASGN by 0.9% during the 1st quarter. Reinhart Partners LLC. now owns 548,300 shares of the business services provider’s stock valued at $57,440,000 after buying an additional 4,931 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in ASGN by 1,851.6% in the second quarter. SG Americas Securities LLC now owns 19,887 shares of the business services provider’s stock worth $1,753,000 after acquiring an additional 18,868 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.

About ASGN

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.