Brokerages Set ASGN Incorporated (NYSE:EFOR) PT at $29.33

ASGN Incorporated (NYSE:EFOR) has been given a consensus rating of “Reduce” by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $29.3333.

Several analysts have issued reports on EFOR shares. UBS Group decreased their price target on shares of ASGN from $35.00 to $17.00 and set a “sell” rating on the stock in a research report on Friday, May 22nd. Wall Street Zen lowered shares of ASGN from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Jefferies Financial Group upgraded shares of ASGN from an “underperform” rating to a “hold” rating and reduced their target price for the company from $28.00 to $22.00 in a research note on Friday, May 29th. Wells Fargo & Company decreased their target price on ASGN from $54.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 23rd. Finally, Truist Financial lowered ASGN from a “buy” rating to a “hold” rating and lowered their price target for the company from $60.00 to $33.00 in a research note on Thursday, April 23rd.

Insider Buying and Selling at ASGN

In other news, Director Brian J. Callaghan bought 5,121 shares of the stock in a transaction dated Monday, April 27th. The shares were acquired at an average price of $20.27 per share, with a total value of $103,802.67. Following the acquisition, the director owned 328,950 shares in the company, valued at $6,667,816.50. This trade represents a 1.58% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Rose Cunningham bought 1,125 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were purchased at an average price of $22.27 per share, with a total value of $25,053.75. Following the transaction, the chief accounting officer directly owned 15,587 shares in the company, valued at $347,122.49. This represents a 7.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 91,375 shares of company stock worth $1,770,367 in the last 90 days. 14.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ASGN

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in shares of ASGN by 68.9% during the first quarter. SG Americas Securities LLC now owns 68,386 shares of the company’s stock worth $2,647,000 after acquiring an additional 27,903 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in ASGN by 106.4% in the fourth quarter. Russell Investments Group Ltd. now owns 62,934 shares of the company’s stock valued at $3,032,000 after acquiring an additional 32,437 shares during the last quarter. New South Capital Management Inc. increased its position in ASGN by 39.2% in the fourth quarter. New South Capital Management Inc. now owns 635,011 shares of the company’s stock worth $30,588,000 after purchasing an additional 178,895 shares during the period. Parallel Advisors LLC increased its position in ASGN by 190.8% in the fourth quarter. Parallel Advisors LLC now owns 1,390 shares of the company’s stock worth $67,000 after purchasing an additional 912 shares during the period. Finally, Reinhart Partners LLC. raised its holdings in ASGN by 12.5% during the 4th quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the company’s stock worth $58,139,000 after purchasing an additional 134,513 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

ASGN Trading Up 4.4%

ASGN stock opened at $18.31 on Thursday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.82. ASGN has a 1-year low of $16.90 and a 1-year high of $60.75. The firm’s fifty day simple moving average is $19.36. The company has a market cap of $752.54 million, a P/E ratio of 8.10 and a beta of 0.52.

ASGN (NYSE:EFOR) last posted its earnings results on Wednesday, April 22nd. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.28). ASGN had a return on equity of 10.30% and a net margin of 2.46%.The company had revenue of $968.30 million during the quarter. During the same period in the prior year, the business posted $0.92 EPS. The business’s revenue was up .0% on a year-over-year basis. ASGN has set its Q2 2026 guidance at 0.720-0.900 EPS. On average, equities research analysts predict that ASGN will post 3.39 earnings per share for the current year.

About ASGN

ASGN is a provider of professional services that connects skilled talent with organizations seeking technology, digital, creative and engineering expertise. The firm focuses on staffing and workforce solutions, delivering contract and permanent placement services as well as project-based consulting and managed services to support clients’ technical and operational needs.

Its offerings commonly include IT consulting, digital transformation support, application development and maintenance, data and analytics, cybersecurity, cloud services and engineering resources.