On Assignment Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:ASGN)
Shares of On Assignment (NASDAQ:ASGN) have been given a consensus recommendation of “Buy” by the ten analysts that are presently covering the company, AnalystRatings.Net reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $37.51.
ASGN has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of On Assignment from an “underperform” rating to a “neutral” rating in a research note on Friday, August 15th. They now have a $30.60 price target on the stock. Separately, 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. Finally, 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.
Shares of On Assignment (NASDAQ:ASGN) opened at 29.56 on Thursday. 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 $31.57 and a 200-day moving average of $34.46. The company has a market cap of $1.610 billion and a price-to-earnings ratio of 18.45.
On Assignment (NASDAQ:ASGN) last issued its quarterly earnings data 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. Analysts expect that On Assignment will post $2.09 EPS 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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