ASGN Incorporated (NYSE:EFOR) Receives Average Rating of “Reduce” from Brokerages

Shares of ASGN Incorporated (NYSE:EFOR) have earned a consensus recommendation of “Reduce” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $35.6667.

A number of research analysts have recently commented on EFOR shares. Wall Street Zen cut shares of ASGN from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Robert W. Baird reduced their target price on shares of ASGN from $62.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Zacks Research cut shares of ASGN from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Wells Fargo & Company reduced their target price on shares of ASGN from $54.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 23rd. Finally, Weiss Ratings cut shares of ASGN from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th.

ASGN Price Performance

NYSE EFOR opened at $18.84 on Wednesday. ASGN has a 52 week low of $16.90 and a 52 week high of $60.75. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a market cap of $774.32 million, a PE ratio of 8.34 and a beta of 0.46.

ASGN (NYSE:EFOR) last posted its earnings results on Wednesday, April 22nd. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.28). ASGN had a return on equity of 10.30% and a net margin of 2.46%.The firm had revenue of $968.30 million for the quarter. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. ASGN has set its Q2 2026 guidance at 0.720-0.900 EPS. On average, equities research analysts expect that ASGN will post 3.39 earnings per share for the current year.

Insider Buying and Selling at ASGN

In other news, EVP Marie Perry bought 5,350 shares of ASGN stock in a transaction dated Friday, April 24th. The shares were acquired at an average cost of $18.70 per share, with a total value of $100,045.00. Following the completion of the transaction, the executive vice president owned 58,328 shares in the company, valued at approximately $1,090,733.60. This trade represents a 10.10% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Theodore S. Hanson purchased 51,965 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was bought at an average price of $19.24 per share, with a total value of $999,806.60. Following the purchase, the chief executive officer owned 376,843 shares of the company’s stock, valued at approximately $7,250,459.32. The trade was a 16.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 91,375 shares of company stock valued at $1,770,367. 3.40% of the stock is owned by company insiders.

Institutional Trading of ASGN

A number of hedge funds and other institutional investors have recently made changes to their positions in EFOR. TradeLink Capital LLC bought a new stake in shares of ASGN in the third quarter worth $259,000. SummerHaven Investment Management LLC bought a new stake in shares of ASGN in the third quarter worth $797,000. LRI Investments LLC increased its stake in shares of ASGN by 761.9% in the third quarter. LRI Investments LLC now owns 1,741 shares of the company’s stock worth $82,000 after buying an additional 1,539 shares during the last quarter. New South Capital Management Inc. increased its stake in shares of ASGN by 46.0% in the third quarter. New South Capital Management Inc. now owns 456,116 shares of the company’s stock worth $21,597,000 after buying an additional 143,696 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of ASGN by 85.3% in the third quarter. EverSource Wealth Advisors LLC now owns 543 shares of the company’s stock worth $26,000 after buying an additional 250 shares during the last quarter. Institutional investors own 95.36% of the company’s stock.

About ASGN

ASGN is a provider of professional services that connects skilled talent with organizations seeking technology, digital, creative and engineering expertise. The firm focuses on staffing and workforce solutions, delivering contract and permanent placement services as well as project-based consulting and managed services to support clients’ technical and operational needs.

Its offerings commonly include IT consulting, digital transformation support, application development and maintenance, data and analytics, cybersecurity, cloud services and engineering resources.