ASGN Incorporated (NYSE:EFOR) Receives $29.33 Average Target Price from Analysts

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

EFOR has been the topic of a number of recent research reports. Truist Financial lowered shares of ASGN from a “buy” rating to a “hold” rating and cut their price target for the stock from $60.00 to $33.00 in a report on Thursday, April 23rd. Jefferies Financial Group raised ASGN from an “underperform” rating to a “hold” rating and lowered their target price for the stock from $28.00 to $22.00 in a research report on Friday, May 29th. Zacks Research lowered ASGN from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Robert W. Baird decreased their price target on ASGN from $62.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Finally, Wells Fargo & Company lowered their price objective on ASGN from $54.00 to $33.00 and set an “equal weight” rating for the company in a research report on Thursday, April 23rd.

Insider Buying and Selling at ASGN

In other news, Director Brian J. Callaghan acquired 5,121 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was bought at an average cost of $20.27 per share, for a total transaction of $103,802.67. Following the completion of the transaction, the director directly owned 328,950 shares in the company, valued at $6,667,816.50. This represents a 1.58% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Marie Perry bought 5,350 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average price of $18.70 per share, for a total transaction of $100,045.00. Following the acquisition, the executive vice president owned 58,328 shares of the company’s stock, valued at $1,090,733.60. This trade represents a 10.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 91,375 shares of company stock worth $1,770,367. Company insiders own 14.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. New South Capital Management Inc. grew its stake in ASGN by 39.2% during 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. Tudor Investment Corp ET AL acquired a new stake in shares of ASGN during the 3rd quarter worth approximately $8,030,000. Reinhart Partners LLC. increased its stake in shares of ASGN by 12.5% in the 4th quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the company’s stock valued at $58,139,000 after acquiring an additional 134,513 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of ASGN by 106.4% in the 4th 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 in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of ASGN by 68.9% during the 1st quarter. SG Americas Securities LLC now owns 68,386 shares of the company’s stock valued at $2,647,000 after acquiring an additional 27,903 shares during the period. 95.36% of the stock is owned by institutional investors and hedge funds.

ASGN Stock Down 4.7%

NYSE EFOR opened at $19.11 on Friday. The firm has a market cap of $785.42 million, a price-to-earnings ratio of 8.46 and a beta of 0.49. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.82. ASGN has a fifty-two week low of $16.90 and a fifty-two week high of $60.75.

ASGN (NYSE:EFOR) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.28). ASGN had a net margin of 2.46% and a return on equity of 10.30%. The firm had revenue of $968.30 million during the quarter. During the same period in the prior year, the company earned $0.92 earnings per share. ASGN’s revenue for the quarter was up .0% compared to the same quarter last year. ASGN has set its Q2 2026 guidance at 0.720-0.900 EPS. As a group, sell-side analysts expect 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.