On Assignment (ASGN) Stock Rating Reaffirmed by William Blair

On Assignment (NYSE:ASGN)‘s stock had its “outperform” rating reaffirmed by stock analysts at William Blair in a research note issued on Thursday.

ASGN has been the topic of a number of other research reports. Wells Fargo & Co increased their target price on On Assignment from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. ValuEngine upgraded On Assignment from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada reiterated a “buy” rating on shares of On Assignment in a research note on Friday, October 20th. Deutsche Bank increased their target price on On Assignment from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research lowered On Assignment from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. On Assignment presently has a consensus rating of “Buy” and a consensus price target of $72.86.

On Assignment (NYSE ASGN) opened at $74.26 on Thursday. The firm has a market capitalization of $3,789.29, a P/E ratio of 34.54, a PEG ratio of 2.01 and a beta of 2.11. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.57 and a current ratio of 2.57. On Assignment has a 52 week low of $43.83 and a 52 week high of $77.68.

On Assignment (NYSE:ASGN) last announced its earnings results on Wednesday, February 14th. The business services provider reported $1.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.68. The company had revenue of $679.04 million for the quarter, compared to analyst estimates of $671.35 million. On Assignment had a return on equity of 16.87% and a net margin of 4.45%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 earnings per share. research analysts expect that On Assignment will post 2.97 EPS for the current year.

In other On Assignment news, Director Brian J. Callaghan sold 20,250 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $64.00, for a total transaction of $1,296,000.00. Following the transaction, the director now owns 392,930 shares in the company, valued at approximately $25,147,520. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jennifer Hankes Painter sold 3,500 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $63.06, for a total value of $220,710.00. Following the completion of the sale, the senior vice president now directly owns 10,667 shares in the company, valued at approximately $672,661.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,915 shares of company stock worth $1,528,095. Corporate insiders own 5.40% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Public Employees Retirement Association of Colorado acquired a new stake in shares of On Assignment in the 4th quarter valued at $192,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of On Assignment by 38.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,099 shares of the business services provider’s stock valued at $199,000 after purchasing an additional 857 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in shares of On Assignment in the 4th quarter valued at $217,000. M&T Bank Corp acquired a new stake in shares of On Assignment in the 4th quarter valued at $218,000. Finally, BlackRock Inc. boosted its holdings in shares of On Assignment by 125.2% during the 1st quarter. BlackRock Inc. now owns 3,493 shares of the business services provider’s stock valued at $129,000 after acquiring an additional 1,942 shares in the last quarter. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

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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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