Shares of On Assignment, Inc. (NYSE:ASGN) have earned an average rating of “Buy” from the ten brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $79.86.
Several research analysts have weighed in on the company. Zacks Investment Research cut On Assignment from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. ValuEngine raised On Assignment from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. Wells Fargo set a $92.00 price target on On Assignment and gave the company a “buy” rating in a research report on Monday, April 2nd. BMO Capital Markets upped their price target on On Assignment from $66.00 to $73.00 and gave the company an “outperform” rating in a research report on Monday, January 8th. Finally, SunTrust Banks upped their price target on On Assignment to $88.00 and gave the company a “buy” rating in a research report on Thursday, February 1st.
In related news, Director Edwin A. Sheridan sold 22,404 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $77.64, for a total transaction of $1,739,446.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Marty R. Kittrell sold 2,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.24, for a total value of $152,480.00. Following the sale, the director now owns 4,946 shares in the company, valued at $377,083.04. The disclosure for this sale can be found here. Insiders have sold a total of 121,265 shares of company stock worth $9,440,062 in the last ninety days. Insiders own 5.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB bought a new stake in shares of On Assignment during the 4th quarter valued at $342,000. We Are One Seven LLC bought a new stake in shares of On Assignment during the 4th quarter valued at $163,000. MetLife Investment Advisors LLC bought a new stake in shares of On Assignment during the 4th quarter valued at $1,449,000. Millennium Management LLC bought a new stake in shares of On Assignment during the 4th quarter valued at $5,637,000. Finally, Flinton Capital Management LLC raised its stake in shares of On Assignment by 17.8% during the 4th quarter. Flinton Capital Management LLC now owns 6,528 shares of the business services provider’s stock valued at $420,000 after purchasing an additional 986 shares during the period. Institutional investors own 93.91% of the company’s stock.
ASGN stock opened at $84.52 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.00 and a current ratio of 3.00. On Assignment has a 1-year low of $44.66 and a 1-year high of $86.13. The firm has a market capitalization of $4,343.13, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 2.22 and a beta of 1.89.
On Assignment (NYSE:ASGN) last posted its quarterly earnings data on Wednesday, February 14th. The business services provider reported $1.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.68. On Assignment had a return on equity of 17.42% and a net margin of 6.00%. The business had revenue of $679.04 million for the quarter, compared to analysts’ expectations of $671.35 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. research analysts predict that On Assignment will post 3.75 earnings per share for the current year.
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On Assignment Company Profile
ASGN Incorporated provides IT and professional services in the technology, digital, creative, healthcare technology, engineering, life sciences, and government sectors in the United States, Europe, and Canada. The company's Apex segment offers technical, digital, and creative and scientific professionals for contract, contract-to-hire, and permanent placement positions to Fortune 1000 and mid-market clients; IT staffing and consulting services comprising IT infrastructure, application development, project management, and healthcare IT professionals; and creative, marketing, advertising, and digital professionals.
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