On Assignment Downgraded by Wells Fargo & Co. to “Market Perform” (ASGN)
On Assignment (NASDAQ:ASGN) was downgraded by equities researchers at Wells Fargo & Co. from an “outperform” rating to a “market perform” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group initiated coverage on shares of On Assignment in a research note to investors on Friday, October 11th. They set a “buy” rating on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of On Assignment from a “hold” rating to a “buy” rating in a research note to investors on Monday, October 7th. Finally, 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $34.14.
Shares of On Assignment (NASDAQ:ASGN) traded down 4.06% on Thursday, hitting $33.05. 1,662,923 shares of the company’s stock traded hands. On Assignment has a 1-year low of $18.00 and a 1-year high of $33.55. The stock’s 50-day moving average is $31.23 and its 200-day moving average is $27.03. The company has a market cap of $1.771 billion and a price-to-earnings ratio of 30.06.
On Assignment (NASDAQ:ASGN) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.03. The company had revenue of $432.20 million for the quarter, compared to the consensus estimate of $431.53 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. Analysts expect that On Assignment will post $1.18 EPS for the current fiscal year.
On Assignment, Inc is a global provider of skilled, professionals in the life sciences, healthcare and technology sectors.
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