ASGN (NYSE:ASGN) had its target price increased by Credit Suisse Group from $50.00 to $60.00 in a research report report published on Thursday, The Fly reports. The brokerage currently has a neutral rating on the business services provider’s stock.
Other equities research analysts also recently issued reports about the stock. SunTrust Banks increased their price objective on shares of ASGN from $60.00 to $72.00 and gave the company a buy rating in a research report on Thursday, June 4th. ValuEngine downgraded shares of ASGN from a hold rating to a sell rating in a research report on Thursday, April 2nd. Robert W. Baird increased their price objective on shares of ASGN from $49.00 to $55.00 and gave the company a neutral rating in a research report on Monday, May 4th. BMO Capital Markets dropped their target price on shares of ASGN from $78.00 to $51.00 and set an outperform rating on the stock in a research report on Monday, April 20th. Finally, TheStreet raised shares of ASGN from a c rating to a b- rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $65.25.
Shares of ASGN opened at $68.46 on Thursday. ASGN has a fifty-two week low of $29.04 and a fifty-two week high of $72.66. The firm’s 50 day moving average price is $65.28 and its 200 day moving average price is $56.10. The company has a market cap of $3.59 billion, a P/E ratio of 19.23, a PEG ratio of 3.12 and a beta of 2.34. The company has a quick ratio of 2.19, a current ratio of 2.39 and a debt-to-equity ratio of 0.71.
ASGN (NYSE:ASGN) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.27. ASGN had a net margin of 4.79% and a return on equity of 18.50%. The company had revenue of $936.80 million for the quarter, compared to the consensus estimate of $898.82 million. During the same period in the prior year, the firm posted $1.10 EPS. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. Research analysts forecast that ASGN will post 3.98 earnings per share for the current year.
In related news, Director Jeremy M. Jones sold 17,000 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $63.88, for a total transaction of $1,085,960.00. Following the completion of the sale, the director now owns 3,257 shares in the company, valued at approximately $208,057.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Randolph C. Blazer sold 10,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $65.58, for a total transaction of $655,800.00. The disclosure for this sale can be found here. Insiders sold a total of 38,151 shares of company stock worth $2,403,163 over the last ninety days. Insiders own 3.90% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. State Street Corp boosted its stake in ASGN by 1.6% during the 1st quarter. State Street Corp now owns 1,637,245 shares of the business services provider’s stock worth $57,827,000 after purchasing an additional 26,048 shares during the period. Macquarie Group Ltd. lifted its stake in shares of ASGN by 13.9% in the 4th quarter. Macquarie Group Ltd. now owns 1,087,916 shares of the business services provider’s stock worth $77,210,000 after acquiring an additional 133,001 shares during the period. Geode Capital Management LLC lifted its stake in shares of ASGN by 7.5% in the 1st quarter. Geode Capital Management LLC now owns 737,378 shares of the business services provider’s stock worth $26,043,000 after acquiring an additional 51,439 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in shares of ASGN by 212.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 660,095 shares of the business services provider’s stock worth $23,315,000 after acquiring an additional 448,820 shares during the period. Finally, Pathstone Family Office LLC lifted its stake in shares of ASGN by 1.4% in the 1st quarter. Pathstone Family Office LLC now owns 646,691 shares of the business services provider’s stock worth $22,841,000 after acquiring an additional 9,049 shares during the period. Hedge funds and other institutional investors own 90.96% of the company’s stock.
ASGN Company Profile
ASGN Incorporated (NYSE: ASGN) is one of the foremost providers of IT and professional services in the technology, digital, creative, engineering and life sciences fields across commercial and government sectors. Operating through its Apex, Oxford and ECS segments, ASGN helps leading corporate enterprises and government organizations develop, implement and operate critical IT and business solutions through its integrated offering of professional staffing and IT solutions.
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