ASGN Inc (ASGN) Receives Average Recommendation of “Buy” from Analysts

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Shares of ASGN Inc (NYSE:ASGN) have been assigned an average recommendation of “Buy” from the ten ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $80.00.

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird restated a “neutral” rating on shares of ASGN in a research note on Thursday, July 26th. Zacks Investment Research downgraded shares of ASGN from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Credit Suisse Group assumed coverage on shares of ASGN in a research note on Friday, August 10th. They issued a “neutral” rating and a $92.00 price target on the stock. ValuEngine downgraded shares of ASGN from a “buy” rating to a “hold” rating in a research note on Saturday, October 6th. Finally, BMO Capital Markets raised their price target on shares of ASGN from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 25th.

ASGN opened at $67.01 on Wednesday. ASGN has a 1-year low of $58.84 and a 1-year high of $94.25. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.28 and a current ratio of 2.22. The company has a market capitalization of $3.42 billion, a PE ratio of 21.97, a P/E/G ratio of 1.26 and a beta of 1.94.

ASGN (NYSE:ASGN) last posted its quarterly earnings results on Wednesday, October 24th. The business services provider reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.20. ASGN had a net margin of 5.69% and a return on equity of 20.29%. The company had revenue of $906.40 million for the quarter, compared to the consensus estimate of $892.87 million. During the same period last year, the company posted $0.83 EPS. The firm’s quarterly revenue was up 35.9% compared to the same quarter last year. On average, analysts expect that ASGN will post 4.39 earnings per share for the current year.

In other ASGN news, SVP Jennifer Hankes Painter bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The shares were acquired at an average cost of $65.87 per share, for a total transaction of $65,870.00. Following the transaction, the senior vice president now directly owns 16,019 shares in the company, valued at $1,055,171.53. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edwin A. Sheridan bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The shares were acquired at an average price of $65.33 per share, for a total transaction of $1,306,600.00. Following the completion of the transaction, the director now owns 21,686 shares in the company, valued at $1,416,746.38. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 40,687 shares of company stock worth $3,724,486. 3.90% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Chatham Capital Group Inc. boosted its position in ASGN by 2.5% during the 2nd quarter. Chatham Capital Group Inc. now owns 32,320 shares of the business services provider’s stock worth $2,527,000 after buying an additional 775 shares during the period. Aperio Group LLC lifted its position in shares of ASGN by 5.0% in the 3rd quarter. Aperio Group LLC now owns 17,332 shares of the business services provider’s stock worth $1,368,000 after purchasing an additional 825 shares during the period. Congress Asset Management Co. MA lifted its position in shares of ASGN by 1.9% in the 3rd quarter. Congress Asset Management Co. MA now owns 48,191 shares of the business services provider’s stock worth $3,804,000 after purchasing an additional 901 shares during the period. Piedmont Investment Advisors LLC lifted its position in shares of ASGN by 9.5% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 11,484 shares of the business services provider’s stock worth $898,000 after purchasing an additional 1,000 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in shares of ASGN by 5.0% in the 3rd quarter. Louisiana State Employees Retirement System now owns 23,100 shares of the business services provider’s stock worth $1,823,000 after purchasing an additional 1,100 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.

ASGN Company Profile

ASGN Incorporated provides IT and professional services in the technology, creative/digital, engineering, and life sciences fields across commercial and government sectors in the United State and internationally. The company operates through Apex, Oxford, and ECS segments. The Apex segment offers technical, scientific, digital, and creative services and solutions to Fortune 1000 and mid-market clients.

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Analyst Recommendations for ASGN (NYSE:ASGN)

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