ASGN Incorporated (NYSE:ASGN) Receives $96.67 Consensus Target Price from Brokerages

Shares of ASGN Incorporated (NYSE:ASGN) have been given a consensus rating of “Hold” by the ten analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $96.67.

A number of research firms recently weighed in on ASGN. Robert W. Baird increased their price target on ASGN from $99.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. BMO Capital Markets cut their target price on shares of ASGN from $95.00 to $94.00 and set a “market perform” rating for the company in a research note on Friday, April 26th.

ASGN Trading Down 0.5 %

Shares of ASGN stock opened at $87.01 on Friday. ASGN has a 12-month low of $69.20 and a 12-month high of $106.42. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $95.99 and its 200-day moving average is $96.20. The stock has a market cap of $3.99 billion, a P/E ratio of 20.14, a P/E/G ratio of 7.26 and a beta of 1.45.

ASGN (NYSE:ASGN) last issued its earnings results on Wednesday, April 24th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.16. ASGN had a net margin of 4.76% and a return on equity of 14.90%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the firm earned $1.38 EPS. ASGN’s quarterly revenue was down 7.1% compared to the same quarter last year. Equities research analysts predict that ASGN will post 5.28 earnings per share for the current fiscal year.

Insider Buying and Selling at ASGN

In related news, President Randolph C. Blazer sold 6,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $588,000.00. Following the sale, the president now owns 101,923 shares of the company’s stock, valued at $9,988,454. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other ASGN news, Director Carol Lindstrom sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $97.04, for a total value of $97,040.00. Following the transaction, the director now directly owns 5,639 shares of the company’s stock, valued at approximately $547,208.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Randolph C. Blazer sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $588,000.00. Following the sale, the president now directly owns 101,923 shares of the company’s stock, valued at approximately $9,988,454. The disclosure for this sale can be found here. Insiders sold 8,000 shares of company stock valued at $783,650 in the last quarter. Company insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ASGN. Reinhart Partners LLC. boosted its holdings in shares of ASGN by 10.7% in the 4th quarter. Reinhart Partners LLC. now owns 543,369 shares of the business services provider’s stock valued at $52,256,000 after purchasing an additional 52,516 shares in the last quarter. Argent Capital Management LLC lifted its position in shares of ASGN by 8.9% during the 4th quarter. Argent Capital Management LLC now owns 5,917 shares of the business services provider’s stock worth $569,000 after buying an additional 484 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in ASGN by 3.6% in the third quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider’s stock valued at $9,005,000 after buying an additional 3,787 shares in the last quarter. LRI Investments LLC bought a new position in ASGN in the first quarter valued at about $154,000. Finally, Meadow Creek Wealth Advisors LLC acquired a new position in ASGN during the first quarter worth about $512,000. 95.36% of the stock is owned by institutional investors.

ASGN Company Profile

ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.