Royal Bank Of Canada Reiterates “Buy” Rating for On Assignment, Inc. (ASGN)
On Assignment, Inc. (NASDAQ:ASGN)‘s stock had its “buy” rating restated by equities research analysts at Royal Bank Of Canada in a report released on Friday. They currently have a $55.00 target price on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 0.26% from the company’s current price.
ASGN has been the subject of several other research reports. BidaskClub upgraded shares of On Assignment from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of On Assignment from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Robert W. Baird restated a “hold” rating and issued a $53.00 target price on shares of On Assignment in a report on Sunday, September 3rd. Finally, BMO Capital Markets raised their target price on shares of On Assignment from $54.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $54.60.
On Assignment (NASDAQ:ASGN) last released its earnings results on Wednesday, July 26th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.06. The firm had revenue of $653.31 million during the quarter, compared to analyst estimates of $655.96 million. On Assignment had a net margin of 5.09% and a return on equity of 14.70%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $0.68 EPS.
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In related news, insider Jeffrey E. Veatch sold 1,520 shares of On Assignment stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $56.01, for a total transaction of $85,135.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in On Assignment by 137,720.1% during the 1st 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 in the last quarter. Vanguard Group Inc. lifted its holdings in On Assignment by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,430,849 shares of the company’s stock valued at $239,930,000 after buying an additional 44,109 shares in the last quarter. BlackRock Fund Advisors lifted its holdings in On Assignment by 9.1% during the 3rd quarter. BlackRock Fund Advisors now owns 3,392,096 shares of the company’s stock valued at $123,099,000 after buying an additional 283,542 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in On Assignment by 4.4% during the 3rd quarter. TimesSquare Capital Management LLC now owns 2,841,196 shares of the company’s stock valued at $103,107,000 after buying an additional 120,250 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in On Assignment by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,240,588 shares of the company’s stock valued at $121,328,000 after buying an additional 10,945 shares in the last quarter.
About On Assignment
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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