On Assignment, Inc. (ASGN) Receives Consensus Recommendation of “Buy” from Analysts

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.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System increased its stake in On Assignment by 4.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the business services provider’s stock valued at $1,350,000 after purchasing an additional 900 shares in the last quarter. Strs Ohio increased its stake in On Assignment by 45.5% in the 4th quarter. Strs Ohio now owns 4,800 shares of the business services provider’s stock valued at $308,000 after purchasing an additional 1,500 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. increased its stake in On Assignment by 5.5% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 45,933 shares of the business services provider’s stock valued at $2,952,000 after purchasing an additional 2,380 shares in the last quarter. Pinebridge Investments L.P. increased its stake in On Assignment by 12.5% in 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 purchasing an additional 2,879 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in On Assignment by 3.7% in the 3rd quarter. California Public Employees Retirement System now owns 95,774 shares of the business services provider’s stock valued at $5,141,000 after purchasing an additional 3,374 shares in the last quarter. 90.40% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for On Assignment (NYSE:ASGN)

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