ASGN Incorporated (NYSE:ASGN) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of ASGN Incorporated (NYSE:ASGN - Get Free Report) have been given a consensus recommendation of "Hold" by the eight ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $96.38.

Several equities research analysts have recently issued reports on ASGN shares. Canaccord Genuity Group restated a "buy" rating and issued a $115.00 price objective on shares of ASGN in a research note on Thursday, October 24th. Jefferies Financial Group cut their price objective on ASGN from $95.00 to $88.00 and set a "hold" rating for the company in a report on Monday, September 9th. Finally, BMO Capital Markets raised ASGN from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $96.00 to $100.00 in a report on Friday, November 22nd.

ASGN Stock Performance

Shares of ASGN stock traded down $0.20 during trading hours on Friday, reaching $88.73. The stock had a trading volume of 289,319 shares, compared to its average volume of 307,064. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.25 and a quick ratio of 2.25. ASGN has a twelve month low of $83.71 and a twelve month high of $106.42. The firm has a 50-day simple moving average of $93.12 and a 200-day simple moving average of $92.68. The firm has a market capitalization of $3.92 billion, a PE ratio of 22.50 and a beta of 1.37.

ASGN (NYSE:ASGN - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.08. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. ASGN had a net margin of 4.37% and a return on equity of 13.65%. The business's revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 EPS. As a group, equities analysts forecast that ASGN will post 5.17 earnings per share for the current year.

Insider Transactions at ASGN

In other ASGN news, Director Arshad Matin sold 2,000 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $92.51, for a total transaction of $185,020.00. Following the completion of the transaction, the director now owns 11,645 shares of the company's stock, valued at approximately $1,077,278.95. The trade was a 14.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Theodore S. Hanson sold 1,200 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $99.64, for a total value of $119,568.00. Following the completion of the sale, the chief executive officer now owns 288,855 shares in the company, valued at $28,781,512.20. The trade was a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,763 shares of company stock worth $1,398,986. 3.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ASGN

A number of institutional investors and hedge funds have recently modified their holdings of ASGN. Cim Investment Management Inc. purchased a new stake in shares of ASGN during the 3rd quarter valued at $205,000. Crossmark Global Holdings Inc. raised its holdings in shares of ASGN by 17.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,414 shares of the business services provider's stock valued at $505,000 after buying an additional 800 shares in the last quarter. Argent Capital Management LLC raised its holdings in shares of ASGN by 43.8% during the 2nd quarter. Argent Capital Management LLC now owns 9,417 shares of the business services provider's stock valued at $830,000 after buying an additional 2,868 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of ASGN by 28.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider's stock valued at $1,102,000 after buying an additional 2,600 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in ASGN by 1,851.6% in the 2nd quarter. SG Americas Securities LLC now owns 19,887 shares of the business services provider's stock worth $1,753,000 after purchasing an additional 18,868 shares during the period. 95.36% of the stock is currently owned by institutional investors.

ASGN Company Profile

ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.