Zacks: On Assignment, Inc. (ASGN) Given $44.50 Average Target Price by Analysts
On Assignment, Inc. (NASDAQ:ASGN) has been given a consensus broker rating score of 1.25 (Strong Buy) from the eight brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and seven have issued a strong buy recommendation on the company. On Assignment’s rating score has improved by 3.1% in the last 90 days as a result of various analysts’ ratings changes.
Analysts have set a 1-year consensus price target of $44.50 for the company and are predicting that the company will post $0.84 EPS for the current quarter, according to Zacks. Zacks has also assigned On Assignment an industry rank of 230 out of 265 based on the ratings given to its competitors.
A number of brokerages recently weighed in on ASGN. Zacks Investment Research downgraded On Assignment from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Deutsche Bank AG began coverage on On Assignment in a research note on Wednesday, August 17th. They issued a “buy” rating and a $44.00 price objective on the stock. Finally, BMO Capital Markets reissued a “buy” rating and issued a $45.00 price objective on shares of On Assignment in a research note on Wednesday, September 7th.
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Shares of On Assignment (NASDAQ:ASGN) traded up 0.85% during trading on Wednesday, reaching $36.86. The company had a trading volume of 62,874 shares. The firm has a market capitalization of $1.97 billion and a PE ratio of 22.46. The stock has a 50 day moving average price of $36.96 and a 200 day moving average price of $36.95. On Assignment has a 12 month low of $29.34 and a 12 month high of $51.00.
On Assignment (NASDAQ:ASGN) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.02. The firm had revenue of $608.10 million for the quarter, compared to analysts’ expectations of $600.12 million. During the same period last year, the business earned $0.61 earnings per share. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. On average, equities research analysts forecast that On Assignment will post $3.11 EPS for the current year.
In other On Assignment news, CEO Peter T. Dameris sold 23,537 shares of On Assignment stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $36.88, for a total value of $868,044.56. Following the transaction, the chief executive officer now directly owns 319,422 shares of the company’s stock, valued at approximately $11,780,283.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Michael Mcgowan sold 4,000 shares of On Assignment stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $37.17, for a total value of $148,680.00. Following the completion of the transaction, the chief operating officer now directly owns 213,106 shares in the company, valued at $7,921,150.02. The disclosure for this sale can be found here.
A number of hedge funds and other institutional investors have recently modified their holdings of ASGN. Tower Research Capital LLC TRC increased its position in shares of On Assignment by 751.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,748 shares of the company’s stock valued at $138,000 after buying an additional 3,308 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of On Assignment by 40.0% in the second quarter. Victory Capital Management Inc. now owns 3,868 shares of the company’s stock valued at $143,000 after buying an additional 1,105 shares in the last quarter. Amalgamated Bank increased its position in shares of On Assignment by 7.3% in the second quarter. Amalgamated Bank now owns 5,847 shares of the company’s stock valued at $211,000 after buying an additional 400 shares in the last quarter. PineBridge Investments L.P. increased its position in shares of On Assignment by 4.2% in the second quarter. PineBridge Investments L.P. now owns 6,093 shares of the company’s stock valued at $225,000 after buying an additional 244 shares in the last quarter. Finally, Parametrica Management Ltd acquired a new position in shares of On Assignment during the second quarter valued at approximately $255,000.
On Assignment Company Profile
On Assignment, Inc is a provider of professionals in the technology, life sciences and creative sectors. The Company matches people into positions for contract, contract-to-hire and direct hire assignments. Its operating segments include the Apex Segment and the Oxford Segment. The Apex Segment provides a spectrum of technical and scientific professionals for contract, contract-to-hire and permanent placement positions to Fortune 1000 and mid-market clients across the United States.
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