ASGN Incorporated (NYSE:EFOR) Given Average Recommendation of “Reduce” by Analysts

Shares of ASGN Incorporated (NYSE:EFOR) have earned an average recommendation of “Reduce” from the eight analysts that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $29.3333.

A number of research analysts have commented on the company. Wells Fargo & Company reduced their price objective on ASGN from $54.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 23rd. Wall Street Zen cut ASGN from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. UBS Group reduced their price objective on ASGN from $35.00 to $17.00 and set a “sell” rating on the stock in a research note on Friday, May 22nd. BMO Capital Markets cut ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 price objective on the stock. in a research note on Thursday, April 23rd. Finally, Zacks Research cut ASGN from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th.

ASGN Trading Up 3.4%

NYSE:EFOR opened at $20.89 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.10 and a current ratio of 2.10. ASGN has a one year low of $16.90 and a one year high of $60.75. The stock has a market capitalization of $858.58 million, a P/E ratio of 9.24 and a beta of 0.49.

ASGN (NYSE:EFOR) last released 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 previous year, the company posted $0.92 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. ASGN has set its Q2 2026 guidance at 0.720-0.900 EPS. Sell-side analysts forecast that ASGN will post 3.39 earnings per share for the current year.

Insider Activity

In related news, Director Brian J. Callaghan bought 5,121 shares of the stock in a transaction dated Monday, April 27th. The stock was bought at an average cost of $20.27 per share, with a total value of $103,802.67. Following the completion of the acquisition, the director owned 328,950 shares of the company’s stock, valued at $6,667,816.50. This trade represents a 1.58% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marie Perry bought 5,350 shares of the stock in a transaction dated Friday, April 24th. The shares were bought at an average cost of $18.70 per share, with a total value of $100,045.00. Following the completion of the acquisition, the executive vice president directly owned 58,328 shares of the company’s stock, valued at approximately $1,090,733.60. The trade was a 10.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 91,375 shares of company stock valued at $1,770,367 over the last three months. 14.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ASGN

Several institutional investors have recently made changes to their positions in EFOR. EverSource Wealth Advisors LLC grew its holdings in shares of ASGN by 85.3% during the third quarter. EverSource Wealth Advisors LLC now owns 543 shares of the company’s stock valued at $26,000 after purchasing an additional 250 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of ASGN by 96.9% during the third quarter. Russell Investments Group Ltd. now owns 30,497 shares of the company’s stock valued at $1,444,000 after purchasing an additional 15,011 shares during the last quarter. Horizon Investments LLC bought a new position in shares of ASGN during the third quarter valued at approximately $515,000. Tudor Investment Corp ET AL bought a new position in shares of ASGN during the third quarter valued at approximately $8,030,000. Finally, GAMMA Investing LLC grew its holdings in shares of ASGN by 97.8% during the fourth quarter. GAMMA Investing LLC now owns 542 shares of the company’s stock valued at $26,000 after purchasing an additional 268 shares during the last quarter. 95.36% of the stock is 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.