On Assignment PT Raised to $38.00 (ASGN)
Analysts at BMO Capital Markets upped their target price on shares of On Assignment (NASDAQ:ASGN) from $34.00 to $38.00 in a research report issued to clients and investors on Thursday, American Banking News reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 14.98% from the stock’s previous close.
Shares of On Assignment (NASDAQ:ASGN) traded down 4.06% on Thursday, hitting $33.05. The stock had a trading volume of 1,662,923 shares. On Assignment has a one year low of $18.00 and a one 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 P/E ratio of 30.06.
On Assignment (NASDAQ:ASGN) last announced its earnings results 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 last year, the company posted $0.33 earnings per share. On Assignment’s revenue was up 11.3% compared to the same quarter last year. Analysts expect that On Assignment will post $1.18 EPS for the current fiscal year.
ASGN has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of On Assignment from $31.00 to $37.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of On Assignment in a research note to investors on Thursday. They now have a $39.00 price target on the stock, up previously from $36.00. Finally, analysts at Wells Fargo & Co. downgraded shares of On Assignment from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $34.71.
On Assignment, Inc is a global provider of skilled, professionals in the life sciences, healthcare and technology sectors.
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