Jefferies Financial Group started coverage on shares of ASGN (NYSE:ASGN) in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $70.00 target price on the business services provider’s stock.
Several other equities research analysts have also commented on ASGN. ValuEngine lowered shares of ASGN from a hold rating to a sell rating in a report on Friday, December 7th. Zacks Investment Research lowered shares of ASGN from a buy rating to a hold rating in a report on Tuesday, December 25th. Credit Suisse Group cut their price target on shares of ASGN from $78.00 to $62.00 in a report on Friday, December 28th. Finally, BMO Capital Markets reissued a buy rating and issued a $77.00 price target on shares of ASGN in a report on Monday, January 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $73.29.
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NYSE:ASGN opened at $62.79 on Tuesday. The company has a quick ratio of 2.22, a current ratio of 2.23 and a debt-to-equity ratio of 0.93. The company has a market cap of $3.16 billion, a PE ratio of 14.34, a PEG ratio of 1.59 and a beta of 2.02. ASGN has a 1-year low of $51.05 and a 1-year high of $94.25.
ASGN (NYSE:ASGN) last issued its quarterly earnings results on Wednesday, February 13th. The business services provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.01). The company had revenue of $929.65 million during the quarter, compared to analysts’ expectations of $929.80 million. ASGN had a return on equity of 20.88% and a net margin of 4.64%. ASGN’s revenue was up 36.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.44 EPS. Analysts expect that ASGN will post 4.69 earnings per share for the current fiscal year.
In related news, Director William E. Brock sold 1,480 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $61.72, for a total value of $91,345.60. Following the completion of the sale, the director now owns 17,513 shares of the company’s stock, valued at approximately $1,080,902.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.90% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Essex Investment Management Co. LLC purchased a new stake in shares of ASGN during the fourth quarter worth $98,000. Group One Trading L.P. purchased a new stake in shares of ASGN during the fourth quarter worth $100,000. Cutler Group LP grew its holdings in shares of ASGN by 596.0% during the fourth quarter. Cutler Group LP now owns 2,102 shares of the business services provider’s stock worth $114,000 after buying an additional 1,800 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of ASGN during the fourth quarter worth $120,000. Finally, Advisor Group Inc. grew its holdings in shares of ASGN by 12.7% during the fourth quarter. Advisor Group Inc. now owns 2,256 shares of the business services provider’s stock worth $123,000 after buying an additional 255 shares in the last quarter. 86.65% of the stock is owned by institutional investors.
About ASGN
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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