ASGN Incorporated (NYSE:ASGN) Receives $96.40 Average Price Target from Brokerages

Shares of ASGN Incorporated (NYSE:ASGN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $96.40.

ASGN has been the topic of several recent analyst reports. StockNews.com downgraded shares of ASGN from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Truist Financial decreased their price target on ASGN from $105.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday.

Institutional Investors Weigh In On ASGN

A number of hedge funds have recently made changes to their positions in ASGN. J.Safra Asset Management Corp increased its stake in ASGN by 48.1% in the 4th quarter. J.Safra Asset Management Corp now owns 428 shares of the business services provider's stock worth $36,000 after acquiring an additional 139 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of ASGN by 662.8% in the first quarter. GAMMA Investing LLC now owns 1,045 shares of the business services provider's stock valued at $66,000 after purchasing an additional 908 shares in the last quarter. Cim Investment Management Inc. bought a new stake in ASGN in the third quarter worth $205,000. Entropy Technologies LP purchased a new stake in ASGN during the fourth quarter valued at $299,000. Finally, Cibc World Markets Corp bought a new position in ASGN during the fourth quarter valued at $337,000. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

ASGN Stock Performance

NYSE ASGN traded down $1.10 on Tuesday, hitting $58.18. 398,633 shares of the company traded hands, compared to its average volume of 384,922. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.58. The business's 50 day moving average price is $65.79 and its 200-day moving average price is $81.64. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 15.15 and a beta of 1.20. ASGN has a 52-week low of $55.95 and a 52-week high of $105.67.

ASGN (NYSE:ASGN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.07. ASGN had a return on equity of 13.22% and a net margin of 4.27%. Equities analysts expect that ASGN will post 5.15 earnings per share for the current year.

About ASGN

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.