BidaskClub Upgrades On Assignment, Inc. (ASGN) to “Buy”
On Assignment, Inc. (NASDAQ:ASGN) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.
Several other research analysts have also weighed in on ASGN. Zacks Investment Research upgraded On Assignment from a “sell” rating to a “hold” rating in a report on Friday, September 15th. BMO Capital Markets lifted their target price on On Assignment from $54.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. Finally, Robert W. Baird reiterated a “hold” rating and set a $53.00 target price on shares of On Assignment in a report on Sunday, September 3rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $55.67.
On Assignment (NASDAQ ASGN) opened at 51.37 on Thursday. The company’s 50-day moving average price is $47.69 and its 200 day moving average price is $50.10. The firm has a market capitalization of $2.71 billion and a price-to-earnings ratio of 25.22. On Assignment has a 52-week low of $32.04 and a 52-week high of $55.53.
On Assignment (NASDAQ:ASGN) last posted its earnings results on Wednesday, July 26th. The company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.06. The firm had revenue of $653.31 million for the quarter, compared to analyst estimates of $655.96 million. On Assignment had a return on equity of 14.70% and a net margin of 5.09%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share. Equities analysts predict that On Assignment will post $2.86 earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan raised its stake in shares of On Assignment by 13.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 16,220 shares of the company’s stock valued at $878,000 after purchasing an additional 1,950 shares during the period. State of Alaska Department of Revenue raised its stake in shares of On Assignment by 79.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 9,588 shares of the company’s stock valued at $519,000 after purchasing an additional 4,238 shares during the period. BlackRock Inc. raised its stake in shares of On Assignment by 137,720.1% in the 1st quarter. BlackRock Inc. now owns 5,902,836 shares of the company’s stock valued at $286,464,000 after purchasing an additional 5,898,553 shares during the period. State of Tennessee Treasury Department raised its stake in shares of On Assignment by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 46,253 shares of the company’s stock valued at $2,245,000 after purchasing an additional 6,980 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of On Assignment by 0.4% in the 1st quarter. Prudential Financial Inc. now owns 114,187 shares of the company’s stock valued at $5,541,000 after purchasing an additional 440 shares during the period.
On Assignment Company Profile
On Assignment, Inc is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments.
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