On Assignment Rating Increased to Neutral at Zacks (ASGN)
On Assignment (NASDAQ:ASGN) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Friday. The firm currently has a $30.60 price objective on the stock. Zacks‘s price target points to a potential upside of 2.51% from the company’s current price.
A number of other firms have also recently commented on ASGN. Analysts at Bank of America reiterated a “buy” rating on shares of On Assignment in a research note on Thursday, July 31st. They now have a $41.00 price target on the stock, down previously from $42.00. Separately, analysts at Avondale Partners downgraded shares of On Assignment from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 31st. They now have a $31.00 price target on the stock, down previously from $45.00. Finally, analysts at Robert W. Baird downgraded shares of On Assignment from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 31st. They now have a $36.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $37.51.
On Assignment (NASDAQ:ASGN) traded down 0.94% on Friday, hitting $29.57. 291,805 shares of the company’s stock traded hands. On Assignment has a one year low of $26.23 and a one year high of $39.86. The stock has a 50-day moving average of $33.34 and a 200-day moving average of $34.48. The company has a market cap of $1.611 billion and a P/E ratio of 18.75.
On Assignment (NASDAQ:ASGN) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.04. The company had revenue of $468.60 million for the quarter, compared to the consensus estimate of $471.00 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, analysts predict that On Assignment will post $2.08 earnings per share 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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