Shares of On Assignment, Inc. (NYSE:ASGN) have received an average rating of “Buy” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $66.50.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised On Assignment from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday, January 10th. BMO Capital Markets increased their target price on On Assignment from $66.00 to $73.00 and gave the stock an “outperform” rating in a research note on Monday, January 8th. ValuEngine raised On Assignment from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Wells Fargo & Co increased their target price on On Assignment to $71.00 and gave the stock an “outperform” rating in a research note on Friday, December 29th. Finally, SunTrust Banks reissued a “buy” rating on shares of On Assignment in a research note on Friday, December 8th.
In related news, insider Theodore S. Hanson sold 18,313 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $61.55, for a total value of $1,127,165.15. Following the completion of the transaction, the insider now directly owns 253,639 shares of the company’s stock, valued at approximately $15,611,480.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marty R. Kittrell sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $59.63, for a total value of $178,890.00. Following the completion of the transaction, the director now directly owns 6,244 shares of the company’s stock, valued at $372,329.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 222,842 shares of company stock valued at $13,695,087. Company insiders own 5.40% of the company’s stock.
Shares of On Assignment (ASGN) opened at $70.80 on Monday. On Assignment has a 1 year low of $43.25 and a 1 year high of $70.83. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.57 and a current ratio of 2.57. The firm has a market capitalization of $3,583.31, a P/E ratio of 32.93, a price-to-earnings-growth ratio of 2.05 and a beta of 2.12.
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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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