On Assignment (ASGN) Rating Increased to Buy at ValuEngine
ValuEngine upgraded shares of On Assignment (NYSE:ASGN) from a hold rating to a buy rating in a research report sent to investors on Sunday.
Other analysts have also issued research reports about the stock. BidaskClub upgraded shares of On Assignment from a hold rating to a buy rating in a research note on Thursday, September 21st. Robert W. Baird restated a hold rating and set a $59.00 price target on shares of On Assignment in a research note on Friday, October 27th. Royal Bank of Canada boosted their price target on shares of On Assignment from $59.00 to $61.00 and gave the company an outperform rating in a research note on Thursday, October 26th. Zacks Investment Research lowered shares of On Assignment from a buy rating to a hold rating in a research note on Tuesday, October 31st. Finally, Wells Fargo & Co boosted their price target on shares of On Assignment to $71.00 and gave the company an outperform rating in a research note on Friday, December 29th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. On Assignment currently has a consensus rating of Buy and a consensus target price of $64.00.
On Assignment (ASGN) opened at $63.11 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.57 and a current ratio of 2.57. On Assignment has a 1 year low of $42.95 and a 1 year high of $65.73. The stock has a market cap of $3,343.00, a price-to-earnings ratio of 29.35, a P/E/G ratio of 2.02 and a beta of 2.12.
On Assignment (NYSE:ASGN) last released its earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.08. On Assignment had a net margin of 4.45% and a return on equity of 16.87%. The company had revenue of $667.05 million for the quarter, compared to the consensus estimate of $660.90 million. During the same quarter in the previous year, the company earned $0.74 EPS. On Assignment’s quarterly revenue was up 6.0% compared to the same quarter last year. research analysts expect that On Assignment will post 2.97 earnings per share for the current fiscal year.
In other news, Director Brian J. Callaghan sold 20,250 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $59.04, for a total value of $1,195,560.00. Following the completion of the sale, the director now owns 413,180 shares in the company, valued at approximately $24,394,147.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jennifer Hankes Painter sold 3,500 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $63.06, for a total transaction of $220,710.00. Following the completion of the sale, the senior vice president now owns 10,667 shares of the company’s stock, valued at approximately $672,661.02. The disclosure for this sale can be found here. Insiders have sold a total of 524,285 shares of company stock valued at $31,105,517 in the last 90 days. 5.40% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of ASGN. Bamco Inc. NY grew its position in On Assignment by 5.5% during the third quarter. Bamco Inc. NY now owns 1,910,100 shares of the business services provider’s stock valued at $102,534,000 after buying an additional 100,000 shares during the period. Atlantic Trust Group LLC bought a new position in On Assignment during the third quarter valued at about $1,399,000. Insight Capital Research & Management Inc. bought a new position in On Assignment during the third quarter valued at about $953,000. Stifel Financial Corp grew its position in On Assignment by 6.2% during the third quarter. Stifel Financial Corp now owns 287,428 shares of the business services provider’s stock valued at $15,451,000 after buying an additional 16,813 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in On Assignment during the third quarter valued at about $419,000. Hedge funds and other institutional investors own 90.14% of the company’s stock.
About On Assignment
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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