News stories about On Assignment (NYSE:ASGN) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. On Assignment earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 46.7348891435199 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several equities analysts have commented on the company. Robert W. Baird reissued a “hold” rating and set a $53.00 price objective on shares of On Assignment in a research report on Friday, October 6th. Royal Bank of Canada reissued a “buy” rating on shares of On Assignment in a research report on Friday, October 20th. Deutsche Bank raised their price objective on On Assignment from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research lowered On Assignment from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, BMO Capital Markets raised their price objective on On Assignment from $62.00 to $66.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. On Assignment has a consensus rating of “Buy” and an average target price of $66.50.
On Assignment (NYSE ASGN) opened at $67.40 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 2.57. The stock has a market capitalization of $3,451.71, a PE ratio of 31.35, a PEG ratio of 1.98 and a beta of 2.12. On Assignment has a 52-week low of $43.25 and a 52-week high of $68.50.
In related news, CFO Edward L. Pierce sold 1,054 shares of On Assignment stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $61.15, for a total value of $64,452.10. Following the completion of the sale, the chief financial officer now directly owns 77,087 shares in the company, valued at approximately $4,713,870.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian J. Callaghan sold 20,250 shares of On Assignment stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $64.00, for a total value of $1,296,000.00. Following the completion of the sale, the director now owns 392,930 shares of the company’s stock, valued at $25,147,520. The disclosure for this sale can be found here. In the last ninety days, insiders sold 399,391 shares of company stock valued at $24,060,593. 5.40% of the stock is owned by insiders.
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On Assignment Company Profile
On Assignment, Inc is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments.
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