ASGN (NYSE:ASGN) Sets New 1-Year Low – Time to Sell?

ASGN Incorporated (NYSE:ASGN) shares reached a new 52-week low on Monday . The stock traded as low as $66.33 and last traded at $66.30, with a volume of 50206 shares traded. The stock had previously closed at $67.38.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. StockNews.com downgraded ASGN from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. BMO Capital Markets raised shares of ASGN from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $96.00 to $100.00 in a report on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, ASGN currently has an average rating of “Hold” and a consensus target price of $101.75.

ASGN Stock Performance

The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.25 and a current ratio of 2.25. The firm has a 50 day moving average of $82.11 and a two-hundred day moving average of $88.67. The stock has a market cap of $2.86 billion, a P/E ratio of 17.07 and a beta of 1.38.

ASGN (NYSE:ASGN) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.07. ASGN had a net margin of 4.27% and a return on equity of 13.22%. On average, research analysts predict that ASGN Incorporated will post 5.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ASGN. J.Safra Asset Management Corp lifted its stake in shares of ASGN by 48.1% in the fourth quarter. J.Safra Asset Management Corp now owns 428 shares of the business services provider’s stock valued at $36,000 after buying an additional 139 shares during the period. Crossmark Global Holdings Inc. raised its holdings in ASGN by 17.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,414 shares of the business services provider’s stock valued at $505,000 after acquiring an additional 800 shares in the last quarter. Cim Investment Management Inc. bought a new stake in shares of ASGN in the 3rd quarter worth approximately $205,000. Argent Capital Management LLC grew its holdings in shares of ASGN by 31.6% during the 4th quarter. Argent Capital Management LLC now owns 13,898 shares of the business services provider’s stock worth $1,158,000 after purchasing an additional 3,339 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of ASGN during the 4th quarter worth approximately $299,000. Institutional investors own 95.36% of the company’s stock.

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.