Truist Financial Upgrades ASGN (NYSE:EFOR) to Buy

ASGN (NYSE:EFOR) was upgraded by stock analysts at Truist Financial from a “hold” rating to a “buy” rating in a research report issued on Wednesday, Marketbeat.com reports. The brokerage presently has a $36.00 target price on the stock, up from their prior target price of $33.00. Truist Financial’s price target indicates a potential upside of 83.58% from the company’s previous close.

A number of other analysts also recently weighed in on EFOR. Wells Fargo & Company reduced their price target on shares of ASGN from $54.00 to $33.00 and set an “equal weight” rating for the company in a report on Thursday, April 23rd. UBS Group dropped their price objective 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. Jefferies Financial Group raised shares of ASGN from an “underperform” rating to a “hold” rating and cut their price objective for the company from $28.00 to $22.00 in a research report on Friday, May 29th. Weiss Ratings downgraded ASGN from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Finally, BMO Capital Markets lowered ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 price target on the stock. in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $29.83.

ASGN Stock Down 3.8%

Shares of NYSE EFOR opened at $19.61 on Wednesday. ASGN has a 12 month low of $16.90 and a 12 month high of $60.75. The company has a market cap of $805.97 million, a P/E ratio of 8.68 and a beta of 0.52. The stock has a 50 day simple moving average of $19.23. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.82.

ASGN (NYSE:EFOR) last posted its quarterly earnings data 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). The business had revenue of $968.30 million during the quarter. ASGN had a net margin of 2.46% and a return on equity of 10.30%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. ASGN has set its Q2 2026 guidance at 0.720-0.900 EPS. Sell-side analysts expect that ASGN will post 3.39 earnings per share for the current fiscal year.

Insider Buying and Selling at ASGN

In other ASGN news, CAO Rose Cunningham purchased 1,125 shares of the stock in a transaction on Tuesday, April 28th. The shares were purchased at an average price of $22.27 per share, with a total value of $25,053.75. Following the acquisition, the chief accounting officer directly owned 15,587 shares of the company’s stock, valued at $347,122.49. This represents a 7.78% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Brian J. Callaghan acquired 5,121 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was acquired at an average price of $20.27 per share, with a total value of $103,802.67. Following the purchase, the director owned 328,950 shares in the company, valued at approximately $6,667,816.50. This represents a 1.58% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 8,715 shares of company stock valued at $183,984 in the last 90 days. 14.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in ASGN by 97.8% in the 4th quarter. GAMMA Investing LLC now owns 542 shares of the company’s stock valued at $26,000 after buying an additional 268 shares in the last quarter. Torren Management LLC bought a new position in shares of ASGN in the fourth quarter valued at approximately $34,000. Rothschild Investment LLC boosted its holdings in shares of ASGN by 119.0% in the 4th quarter. Rothschild Investment LLC now owns 1,014 shares of the company’s stock worth $49,000 after acquiring an additional 551 shares in the last quarter. Parallel Advisors LLC grew its position in ASGN by 190.8% during 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. Finally, Seizert Capital Partners LLC bought a new stake in ASGN during the 4th quarter worth approximately $245,000. Institutional investors and hedge funds 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.