On Assignment Stock Rating Upgraded by Deutsche Bank (ASGN)
On Assignment (NASDAQ:ASGN) was upgraded by equities research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $39.00 target price on the stock. Deutsche Bank’s target price suggests a potential upside of 30.83% from the company’s current price. The analysts noted that the move was a valuation call.
Shares of On Assignment (NASDAQ:ASGN) traded up 0.44% on Monday, hitting $29.81. The stock had a trading volume of 582,117 shares. On Assignment has a 52-week low of $20.41 and a 52-week high of $35.71. The stock has a 50-day moving average of $32.98 and a 200-day moving average of $32.47. The company has a market cap of $1.605 billion and a price-to-earnings ratio of 24.29.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital initiated coverage on shares of On Assignment in a research note to investors on Friday, January 10th. They set an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of On Assignment from $38.00 to $40.00 in a research note to investors on Tuesday, December 3rd. Finally, analysts at Ned Davis Research downgraded shares of On Assignment from a “buy” rating to a “neutral” rating in a research note to investors on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $36.60.
On Assignment, Inc is a global provider of skilled, professionals in the life sciences, healthcare and technology sectors.
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