ASGN (NYSE:EFOR) Upgraded to “Hold” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of ASGN (NYSE:EFOR) from an underperform rating to a hold rating in a report published on Friday morning, MarketBeat Ratings reports. Jefferies Financial Group currently has $22.00 target price on the stock, down from their prior target price of $28.00.

A number of other equities research analysts have also recently issued reports on EFOR. Truist Financial cut shares of ASGN from a “buy” rating to a “hold” rating and lowered their target price for the company from $60.00 to $33.00 in a report on Thursday, April 23rd. Weiss Ratings cut shares of ASGN from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. UBS Group lowered their target price on shares of ASGN from $35.00 to $17.00 and set a “sell” rating on the stock in a report on Friday, May 22nd. BMO Capital Markets cut shares of ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 target price on the stock. in a report on Thursday, April 23rd. Finally, Zacks Research cut shares of ASGN from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. Five research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, ASGN has an average rating of “Reduce” and an average price target of $29.33.

ASGN Stock Performance

Shares of EFOR opened at $22.74 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 2.10. The stock has a market capitalization of $934.61 million, a PE ratio of 10.06 and a beta of 0.46. ASGN has a one year low of $16.90 and a one year high of $60.75.

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

Insider Transactions at ASGN

In other ASGN news, EVP Marie Perry acquired 5,350 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were purchased at an average cost of $18.70 per share, for a total transaction of $100,045.00. Following the transaction, the executive vice president owned 58,328 shares in the company, valued at $1,090,733.60. This represents a 10.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Sadasivam Iyer acquired 1,110 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was acquired at an average price of $22.67 per share, for a total transaction of $25,163.70. Following the completion of the transaction, the president owned 61,905 shares in the company, valued at approximately $1,403,386.35. The trade was a 1.83% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 91,375 shares of company stock worth $1,770,367. Corporate insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On ASGN

A number of large investors have recently made changes to their positions in EFOR. Reinhart Partners LLC. raised its stake in ASGN by 12.5% in the fourth quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the company’s stock worth $58,139,000 after buying an additional 134,513 shares in the last quarter. New South Capital Management Inc. raised its stake in ASGN by 39.2% in the fourth quarter. New South Capital Management Inc. now owns 635,011 shares of the company’s stock worth $30,588,000 after buying an additional 178,895 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in ASGN in the third quarter worth about $8,030,000. Congress Asset Management Co. raised its stake in ASGN by 3.6% in the fourth quarter. Congress Asset Management Co. now owns 88,901 shares of the company’s stock worth $4,282,000 after buying an additional 3,048 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in ASGN by 68.9% in the first quarter. SG Americas Securities LLC now owns 68,386 shares of the company’s stock worth $2,647,000 after buying an additional 27,903 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors.

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.