On Assignment, Inc. (ASGN) Given Consensus Rating of “Buy” by Analysts
On Assignment, Inc. (NYSE:ASGN) has received an average recommendation of “Buy” from the ten ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $63.40.
A number of research firms have recently commented on ASGN. ValuEngine raised On Assignment from a “hold” rating to a “buy” rating in a research note on Sunday. Wells Fargo & Co upped their target price on On Assignment to $71.00 and gave the company an “outperform” rating in a research note on Friday, December 29th. SunTrust Banks reaffirmed a “buy” rating on shares of On Assignment in a research note on Friday, December 8th. BMO Capital Markets upped their target price on On Assignment from $62.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Finally, Zacks Investment Research cut On Assignment from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st.
On Assignment (NYSE:ASGN) opened at $63.11 on Thursday. The company has a market capitalization of $3,343.00, a P/E ratio of 29.35, a PEG ratio of 2.02 and a beta of 2.12. On Assignment has a 52 week low of $42.95 and a 52 week high of $65.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.57 and a current ratio of 2.57.
In related news, insider Jeffrey E. Veatch sold 1,520 shares of the stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $56.01, for a total value of $85,135.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Peter T. Dameris sold 24,911 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $59.13, for a total value of $1,472,987.43. Following the sale, the chief executive officer now directly owns 100,086 shares in the company, valued at approximately $5,918,085.18. The disclosure for this sale can be found here. In the last three months, insiders sold 524,285 shares of company stock worth $31,105,517. 5.40% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC bought a new stake in On Assignment during the 3rd quarter valued at $280,000. Cubist Systematic Strategies LLC bought a new stake in On Assignment during the 3rd quarter valued at $419,000. Insight Capital Research & Management Inc. bought a new stake in On Assignment during the 3rd quarter valued at $953,000. Pinebridge Investments L.P. boosted its position in On Assignment by 12.5% during the 3rd quarter. Pinebridge Investments L.P. now owns 25,944 shares of the business services provider’s stock valued at $1,393,000 after acquiring an additional 2,879 shares in the last quarter. Finally, Atlantic Trust Group LLC bought a new stake in On Assignment during the 3rd quarter valued at $1,399,000. 90.14% of the stock is currently owned by institutional investors and hedge funds.
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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