Analysts Set $54.17 Price Target for On Assignment, Inc. (ASGN)
Shares of On Assignment, Inc. (NASDAQ:ASGN) have been given a consensus broker rating score of 1.43 (Strong Buy) from the seven analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating, one has assigned a buy rating and five have given a strong buy rating to the company. On Assignment’s rating score has declined by 10.9% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 12 month consensus price target of $54.17 for the company and are predicting that the company will post $0.72 EPS for the current quarter, according to Zacks. Zacks has also assigned On Assignment an industry rank of 37 out of 265 based on the ratings given to related companies.
ASGN has been the subject of several recent research reports. Deutsche Bank AG reissued a “buy” rating and issued a $57.00 price target (up previously from $51.00) on shares of On Assignment in a research report on Friday, April 28th. Royal Bank Of Canada reissued an “outperform” rating and issued a $55.00 price target (up previously from $52.00) on shares of On Assignment in a research report on Thursday, April 27th. Finally, Zacks Investment Research raised shares of On Assignment from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Friday, April 28th.
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In related news, Director Jeremy M. Jones sold 20,000 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $54.46, for a total value of $1,089,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey E. Veatch sold 19,019 shares of the stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $49.02, for a total transaction of $932,311.38. Following the completion of the transaction, the insider now directly owns 671,362 shares of the company’s stock, valued at approximately $32,910,165.24. The disclosure for this sale can be found here. Insiders sold 600,094 shares of company stock valued at $30,845,657 in the last three months.
A number of hedge funds and other institutional investors have recently bought and sold shares of ASGN. BlackRock Inc. raised its stake in On Assignment by 137,720.1% in the first quarter. BlackRock Inc. now owns 5,902,836 shares of the company’s stock valued at $286,464,000 after buying an additional 5,898,553 shares during the last quarter. Norges Bank purchased a new stake in On Assignment during the fourth quarter valued at $19,353,000. Vanguard Group Inc. raised its stake in On Assignment by 8.2% in the first quarter. Vanguard Group Inc. now owns 4,386,740 shares of the company’s stock valued at $212,888,000 after buying an additional 334,094 shares during the last quarter. Pathstone Family Office LLC raised its stake in On Assignment by 315.6% in the first quarter. Pathstone Family Office LLC now owns 338,127 shares of the company’s stock valued at $16,409,000 after buying an additional 256,772 shares during the last quarter. Finally, Hood River Capital Management LLC raised its stake in On Assignment by 37.9% in the first quarter. Hood River Capital Management LLC now owns 711,188 shares of the company’s stock valued at $34,514,000 after buying an additional 195,543 shares during the last quarter.
Shares of On Assignment (NASDAQ:ASGN) traded down 0.29% during trading on Monday, reaching $54.09. The company’s stock had a trading volume of 137,708 shares. The stock has a market capitalization of $2.86 billion and a price-to-earnings ratio of 28.32. On Assignment has a 1-year low of $32.04 and a 1-year high of $55.15. The company’s 50-day moving average price is $52.51 and its 200 day moving average price is $47.63.
On Assignment (NASDAQ:ASGN) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.04. On Assignment had a net margin of 3.57% and a return on equity of 10.23%. The firm had revenue of $626.53 million during the quarter, compared to analyst estimates of $619.83 million. During the same quarter in the prior year, the business posted $0.54 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. Analysts anticipate that On Assignment will post $2.89 EPS for the current year.
On Assignment Company Profile
On Assignment, Inc is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments.
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