On Assignment PT Raised to $40.00 (ASGN)
Research analysts at UBS AG hoisted their target price on shares of On Assignment (NASDAQ:ASGN) from $34.00 to $40.00 in a report released on Friday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. UBS AG’s target price points to a potential upside of 20.01% from the stock’s previous close.
Shares of On Assignment (NASDAQ:ASGN) opened at 33.33 on Friday. On Assignment has a 52 week low of $18.00 and a 52 week 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 price-to-earnings ratio of 28.84.
On Assignment (NASDAQ:ASGN) last released its 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. On average, analysts predict that On Assignment will post $1.20 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of On Assignment from $33.00 to $37.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. On Assignment currently has an average rating of “Buy” and a consensus 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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