Shares of ASGN Inc (NYSE:ASGN) have received an average recommendation of “Hold” from the nine analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $73.43.
Several research firms recently weighed in on ASGN. Royal Bank of Canada began coverage on Robert Half International in a report on Tuesday, April 16th. They set a “sector perform” rating on the stock. Credit Suisse Group set a CHF 88 target price on Novartis and gave the stock a “neutral” rating in a report on Tuesday, May 28th. Finally, ValuEngine raised YY from a “sell” rating to a “hold” rating in a report on Friday, June 7th.
Shares of ASGN traded up $0.15 during mid-day trading on Monday, reaching $59.05. The company’s stock had a trading volume of 314,133 shares, compared to its average volume of 320,492. ASGN has a 1-year low of $50.33 and a 1-year high of $94.25. The stock has a market cap of $3.11 billion, a PE ratio of 13.48, a P/E/G ratio of 1.40 and a beta of 2.05. The business’s 50-day moving average price is $56.60. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.96.
ASGN (NYSE:ASGN) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.02). ASGN had a net margin of 4.49% and a return on equity of 20.45%. The business had revenue of $923.70 million during the quarter, compared to the consensus estimate of $921.14 million. During the same quarter in the previous year, the business posted $0.83 EPS. The company’s revenue for the quarter was up 34.8% on a year-over-year basis. As a group, research analysts predict that ASGN will post 4.67 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of ASGN. Vanguard Group Inc increased its position in ASGN by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 4,970,834 shares of the business services provider’s stock valued at $392,347,000 after buying an additional 112,311 shares in the last quarter. Wells Fargo & Company MN increased its holdings in ASGN by 8.8% during the 1st quarter. Wells Fargo & Company MN now owns 1,781,065 shares of the business services provider’s stock worth $113,080,000 after purchasing an additional 144,609 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in ASGN by 5.6% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,540,655 shares of the business services provider’s stock worth $97,816,000 after purchasing an additional 81,815 shares in the last quarter. Northern Trust Corp increased its holdings in ASGN by 19.4% during the 4th quarter. Northern Trust Corp now owns 827,773 shares of the business services provider’s stock worth $45,114,000 after purchasing an additional 134,556 shares in the last quarter. Finally, Norges Bank bought a new stake in ASGN during the 4th quarter worth approximately $35,991,000. 90.74% of the stock is owned by hedge funds and other institutional investors.
ASGN Incorporated provides information technology (IT) and professional staffing services in the technology, digital, creative, engineering, and life sciences fields across commercial and government sectors in the United States and internationally. The company operates through Apex, Oxford, and ECS segments.
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