Brokerages Set ASGN Incorporated (NYSE:ASGN) PT at $93.50

ASGN Incorporated (NYSE:ASGN) has earned a consensus rating of “Hold” from the ten analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $96.67.

A number of equities research analysts have recently commented on ASGN shares. BMO Capital Markets reduced their price objective on shares of ASGN from $95.00 to $94.00 and set a “market perform” rating on the stock in a research note on Friday. Truist Financial increased their price target on ASGN from $93.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Jefferies Financial Group boosted their price objective on ASGN to $88.00 and gave the company a “hold” rating in a research note on Wednesday, January 10th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $110.00 target price on shares of ASGN in a research note on Wednesday, January 3rd. Finally, Bank Of America (Bofa) reiterated an “underweight” rating and issued a $70.00 target price on shares of ASGN in a report on Monday, January 8th.

Insider Activity at ASGN

In other news, SVP Jennifer Hankes Painter sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $93.62, for a total value of $102,982.00. Following the transaction, the senior vice president now owns 52,716 shares in the company, valued at approximately $4,935,271.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, President Randolph C. Blazer sold 7,746 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $94.31, for a total transaction of $730,525.26. Following the completion of the transaction, the president now owns 107,923 shares in the company, valued at $10,178,218.13. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Jennifer Hankes Painter sold 1,100 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $93.62, for a total transaction of $102,982.00. Following the sale, the senior vice president now owns 52,716 shares of the company’s stock, valued at approximately $4,935,271.92. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.

Hedge Funds Weigh In On ASGN

Institutional investors and hedge funds have recently bought and sold shares of the company. Meadow Creek Wealth Advisors LLC purchased a new stake in ASGN during the first quarter valued at about $512,000. Reinhart Partners LLC. lifted its stake in shares of ASGN by 0.9% during the 1st quarter. Reinhart Partners LLC. now owns 548,300 shares of the business services provider’s stock valued at $57,440,000 after buying an additional 4,931 shares in the last quarter. Argent Capital Management LLC lifted its stake in shares of ASGN by 8.9% during the 4th quarter. Argent Capital Management LLC now owns 5,917 shares of the business services provider’s stock valued at $569,000 after buying an additional 484 shares in the last quarter. Kennedy Capital Management LLC boosted its holdings in ASGN by 3.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider’s stock worth $9,005,000 after buying an additional 3,787 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in ASGN by 38.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 615 shares of the business services provider’s stock valued at $50,000 after buying an additional 171 shares in the last quarter. 95.36% of the stock is owned by institutional investors.

ASGN Stock Down 1.2 %

Shares of ASGN opened at $97.51 on Thursday. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 4.06 and a beta of 1.50. ASGN has a 52 week low of $63.27 and a 52 week high of $106.42. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.47 and a current ratio of 2.47. The stock has a fifty day moving average of $99.60 and a 200-day moving average of $93.55.

ASGN (NYSE:ASGN) last posted its earnings results on Wednesday, April 24th. The business services provider reported $1.16 EPS for the quarter, hitting the consensus estimate of $1.16. ASGN had a net margin of 4.76% and a return on equity of 14.90%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company earned $1.38 EPS. The firm’s revenue was down 7.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that ASGN will post 5.65 earnings per share for the current fiscal year.

ASGN Company Profile

ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.