ASGN (NYSE:ASGN) Hits New 1-Year Low – Here’s What Happened

ASGN Incorporated (NYSE:ASGN) shares hit a new 52-week low during trading on Monday . The company traded as low as $66.69 and last traded at $67.27, with a volume of 37692 shares trading hands. The stock had previously closed at $67.42.

Wall Street Analysts Forecast Growth

ASGN has been the subject of several recent research reports. BMO Capital Markets raised ASGN from a “market perform” rating to an “outperform” rating and upped their price target for the company from $96.00 to $100.00 in a report on Friday, November 22nd. StockNews.com cut ASGN from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $101.75.

ASGN Trading Up 0.5 %

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 business’s 50 day simple moving average is $84.52 and its 200 day simple moving average is $89.71. The stock has a market cap of $3.00 billion, a P/E ratio of 17.65 and a beta of 1.38.

ASGN (NYSE:ASGN) last posted its earnings results on Wednesday, February 5th. The business services provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.21 by $0.07. ASGN had a return on equity of 13.22% and a net margin of 4.27%. On average, analysts expect that ASGN Incorporated will post 5.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ASGN

Several large investors have recently made changes to their positions in ASGN. J.Safra Asset Management Corp boosted its position in ASGN by 48.1% in the fourth quarter. J.Safra Asset Management Corp now owns 428 shares of the business services provider’s stock valued at $36,000 after buying an additional 139 shares in the last quarter. Cim Investment Management Inc. acquired a new position in shares of ASGN in the 3rd quarter worth approximately $205,000. Entropy Technologies LP bought a new stake in ASGN during the 4th quarter worth approximately $299,000. Cibc World Markets Corp acquired a new stake in ASGN during the 4th quarter valued at $337,000. Finally, Crossmark Global Holdings Inc. raised its position in ASGN by 17.3% in the 3rd 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 last quarter. 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.