Thomson Reuters/Verus Upgrades On Assignment to “Buy” (ASGN)
On Assignment (NASDAQ:ASGN) was upgraded by equities researchers at Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a research report issued on Monday, AR Network reports.
On Assignment (NASDAQ:ASGN) traded down 1.12% on Monday, hitting $31.83. The stock had a trading volume of 268,771 shares. On Assignment has a 52 week low of $18.00 and a 52 week high of $33.74. The stock has a 50-day moving average of $32.00 and a 200-day moving average of $28.04. The company has a market cap of $1.706 billion and a price-to-earnings ratio of 28.09.
On Assignment (NASDAQ:ASGN) last announced its earnings results on Wednesday, July 24th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.04. The company had revenue of $417.90 million for the quarter, compared to the consensus estimate of $410.88 million. During the same quarter last year, the company posted $0.28 earnings per share. On Assignment’s revenue was up 47.6% compared to the same quarter last year. Analysts expect that On Assignment will post $1.18 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on ASGN. Analysts at UBS AG raised their price target on shares of On Assignment from $32.50 to $34.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of On Assignment from $29.00 to $31.00 in a research note to investors on Thursday, July 25th. They now have a “hold” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of On Assignment from $33.00 to $34.00 in a research note to investors on Thursday, July 25th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $32.33.
On Assignment, Inc is a global provider of skilled, professionals in the life sciences, healthcare and technology sectors.
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