On Assignment PT Raised to $37.00 (ASGN)
Investment analysts at RBC Capital raised their target price on shares of On Assignment (NASDAQ:ASGN) from $33.00 to $37.00 in a note issued to investors on Friday, Analyst RN reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective points to a potential upside of 11.01% from the company’s current price.
Shares of On Assignment (NASDAQ:ASGN) opened at 33.33 on Friday. 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 $1.786 billion and a P/E ratio of 28.84.
On Assignment (NASDAQ:ASGN) last released its earnings data on Wednesday, October 23rd. The company reported $0.37 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that On Assignment will post $1.20 earnings per share for the current fiscal year.
A number of other firms have also recently commented on ASGN. Analysts at BMO Capital Markets raised their price target on shares of On Assignment from $34.00 to $38.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $36.43.
On Assignment, Inc is a global provider of skilled, professionals in the life sciences, healthcare and technology sectors.
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