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

ASGN Incorporated (NYSE:EFOR) has been given a consensus recommendation of “Reduce” by the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $29.3333.

Several equities research analysts have recently issued reports on the stock. Robert W. Baird reduced their price objective 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. UBS Group cut their target price on shares of ASGN from $35.00 to $17.00 and set a “sell” rating for the company in a research note on Friday, May 22nd. Zacks Research raised shares of ASGN from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Truist Financial downgraded shares of ASGN from a “buy” rating to a “hold” rating and reduced their price target for the company from $60.00 to $33.00 in a report on Thursday, April 23rd. Finally, Wall Street Zen cut shares of ASGN from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd.

Insider Activity

In other news, EVP Marie Perry bought 5,350 shares of ASGN stock in a transaction dated Friday, April 24th. The shares were purchased 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 owned 58,328 shares of the company’s stock, valued at $1,090,733.60. This trade represents a 10.10% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maria R. Hawthorne bought 5,136 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average price of $19.49 per share, for a total transaction of $100,100.64. Following the completion of the transaction, the director directly owned 15,388 shares of the company’s stock, valued at $299,912.12. This represents a 50.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 91,375 shares of company stock valued at $1,770,367. 14.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Tudor Investment Corp ET AL bought a new position in shares of ASGN during the 3rd quarter valued at approximately $8,030,000. Reinhart Partners LLC. boosted its stake in ASGN by 12.5% during 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 during the period. Russell Investments Group Ltd. increased its position in ASGN by 106.4% during the fourth quarter. Russell Investments Group Ltd. now owns 62,934 shares of the company’s stock valued at $3,032,000 after acquiring an additional 32,437 shares during the last quarter. Horizon Investments LLC purchased a new stake in shares of ASGN in the third quarter valued at $515,000. Finally, Parallel Advisors LLC lifted its holdings in shares of ASGN by 190.8% in the 4th quarter. Parallel Advisors LLC now owns 1,390 shares of the company’s stock worth $67,000 after acquiring an additional 912 shares during the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.

ASGN Trading Down 3.1%

Shares of EFOR opened at $17.80 on Thursday. The company’s 50 day simple moving average is $19.59. The company has a market cap of $731.58 million, a P/E ratio of 7.88 and a beta of 0.52. ASGN has a 12-month low of $16.90 and a 12-month high of $60.75. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 2.10.

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

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.