ASGN (NYSE:ASGN) Downgraded by Truist Financial to Hold

Truist Financial downgraded shares of ASGN (NYSE:ASGN) from a buy rating to a hold rating in a research report sent to investors on Thursday morning, MarketBeat.com reports. The brokerage currently has $33.00 target price on the business services provider’s stock, down from their previous target price of $60.00.

Several other analysts also recently issued reports on ASGN. Wall Street Zen downgraded shares of ASGN from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Robert W. Baird set a $62.00 price objective on shares of ASGN in a research report on Thursday, February 5th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of ASGN in a research report on Friday, February 6th. Wells Fargo & Company increased their price objective on shares of ASGN from $49.00 to $54.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ASGN in a research report on Monday. Six investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, ASGN currently has an average rating of “Reduce” and a consensus price target of $38.43.

ASGN Stock Down 51.9%

ASGN opened at $19.46 on Thursday. The firm has a 50 day moving average price of $39.12 and a 200 day moving average price of $44.41. The company has a market cap of $803.49 million, a PE ratio of 8.61 and a beta of 0.89. ASGN has a 1 year low of $19.31 and a 1 year high of $60.75. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.16 and a current ratio of 2.16.

ASGN (NYSE:ASGN) last posted its earnings results on Wednesday, April 22nd. The business services provider reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.29). The business had revenue of $968.30 million for the quarter, compared to analyst estimates of $970.48 million. ASGN had a return on equity of 10.26% and a net margin of 2.46%.The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the company posted $0.92 EPS. ASGN has set its Q2 2026 guidance at 0.720-0.900 EPS. Sell-side analysts expect that ASGN will post 5.03 earnings per share for the current year.

Institutional Trading of ASGN

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in ASGN by 85.3% in the third quarter. EverSource Wealth Advisors LLC now owns 543 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 250 shares in the last quarter. GAMMA Investing LLC grew its position in shares of ASGN by 97.8% during the fourth quarter. GAMMA Investing LLC now owns 542 shares of the business services provider’s stock worth $26,000 after buying an additional 268 shares in the last quarter. Torren Management LLC acquired a new stake in shares of ASGN during the fourth quarter worth approximately $34,000. Rothschild Investment LLC grew its position in shares of ASGN by 119.0% during the fourth quarter. Rothschild Investment LLC now owns 1,014 shares of the business services provider’s stock worth $49,000 after buying an additional 551 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of ASGN by 190.8% during the fourth quarter. Parallel Advisors LLC now owns 1,390 shares of the business services provider’s stock worth $67,000 after buying an additional 912 shares in the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

ASGN News Roundup

Here are the key news stories impacting ASGN this week:

• Positive Sentiment: Q1 revenue largely in line with expectations and sizable government business provide some revenue visibility — ASGN reported Q1 revenue of $968.3M (roughly in line with estimates), and the company still shows meaningful government contract awards that support backlog/recurring demand. ASGN Incorporated Reports First Quarter 2026 Results
• Neutral Sentiment: Corporate transition and ticker change (to Everforth / EFOR) may be driving technical trading and repositioning by funds ahead of the rebrand, which can exacerbate volatility separate from fundamentals. ASGN sinks 50.7% as profit outlook resets after Q1 margin compression and weak Q2 guidance
• Negative Sentiment: Earnings miss and margin pressure — ASGN reported Q1 EPS $0.69 vs. consensus $0.98 and adjusted EBITDA margin fell to ~8.6%. Management cited lower contribution from higher‑margin solutions and FX impacts, signaling erosion in profitability. ASGN Inc (ASGN) Q1 Earnings and Revenues Lag Estimates
• Negative Sentiment: Weaker Q2 guidance — Management set Q2 EPS guidance of $0.72–$0.90 (vs. consensus ~$1.28) and guided adjusted EBITDA margin ~8.8%–9.5%, implying continued near‑term earnings pressure and a reset to investor expectations. Everforth transition continues as management forecasts Q2 revenue of $970M-$1B and adjusted EBITDA margin of 8.8%-9.5%
• Negative Sentiment: Analyst downgrades and price‑target cuts — Multiple firms (Truist, BMO, Baird, Wells Fargo adjustments reported) moved ratings/targets lower after the print, increasing sell pressure and reducing broker support. ASGN tumbles 35% after Truist cuts rating following Q1 miss
• Negative Sentiment: Shareholder litigation risk and heavy insider/institutional repositioning — A law firm investigation into potential claims was announced and filings show sizable institutional selling and rebalancing, which can prolong volatility and downside. ASGN Incorporated Shareholders Are Encouraged to Reach Out to Johnson Fistel

ASGN Company Profile

ASGN Incorporated (NYSE:ASGN) is a leading provider of specialized staffing and professional services, delivering tailored solutions across information technology, digital transformation, engineering and scientific disciplines. Through its diversified portfolio of brands, ASGN connects clients—ranging from life sciences and healthcare firms to technology enterprises and government agencies—with highly skilled consultants, project teams and permanent personnel. The company’s model emphasizes both temporary staffing and long-term consulting engagements to address complex talent and project needs.

ASGN’s service offerings are organized into two main business segments.