ASGN (NYSE:ASGN) had its target price reduced by Robert W. Baird from $91.00 to $67.00 in a research report report published on Thursday morning. They currently have a neutral rating on the business services provider’s stock.

A number of other analysts have also commented on the company. BMO Capital Markets lifted their price target on ASGN from $79.00 to $80.00 and gave the company an outperform rating in a research note on Thursday. Wells Fargo & Co cut their price target on ASGN from $96.00 to $82.00 and set an outperform rating on the stock in a research note on Thursday. Bank of America assumed coverage on ASGN in a research note on Tuesday, October 23rd. They set a buy rating and a $84.00 price target on the stock. ValuEngine lowered ASGN from a buy rating to a hold rating in a research note on Saturday, October 6th. Finally, Zacks Investment Research lowered ASGN from a buy rating to a hold rating in a research note on Tuesday, September 25th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $80.00.

ASGN stock opened at $65.38 on Thursday. ASGN has a 12-month low of $58.54 and a 12-month high of $94.25. The company has a current ratio of 2.22, a quick ratio of 2.28 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 1.33 and a beta of 1.94.

ASGN (NYSE:ASGN) last released its earnings results on Wednesday, October 24th. The business services provider reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.20. ASGN had a return on equity of 20.29% and a net margin of 5.69%. The firm had revenue of $906.40 million for the quarter, compared to analysts’ expectations of $892.87 million. During the same quarter in the previous year, the business posted $0.83 earnings per share. The business’s revenue for the quarter was up 35.9% on a year-over-year basis. As a group, equities analysts anticipate that ASGN will post 4.39 earnings per share for the current fiscal year.

In related news, Director Edwin A. Sheridan acquired 20,000 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The shares were bought at an average cost of $65.33 per share, with a total value of $1,306,600.00. Following the completion of the purchase, the director now directly owns 21,686 shares in the company, valued at $1,416,746.38. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Edward L. Pierce sold 25,000 shares of ASGN stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $90.77, for a total value of $2,269,250.00. Following the completion of the transaction, the chief financial officer now directly owns 56,584 shares in the company, valued at $5,136,129.68. The disclosure for this sale can be found here. Insiders have sold 40,687 shares of company stock worth $3,724,486 over the last three months. Insiders own 3.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Chatham Capital Group Inc. lifted its stake in shares of ASGN by 2.5% in the second quarter. Chatham Capital Group Inc. now owns 32,320 shares of the business services provider’s stock worth $2,527,000 after acquiring an additional 775 shares during the period. Aperio Group LLC lifted its stake in shares of ASGN by 5.0% in the third quarter. Aperio Group LLC now owns 17,332 shares of the business services provider’s stock worth $1,368,000 after acquiring an additional 825 shares during the period. Congress Asset Management Co. MA lifted its stake in shares of ASGN by 1.9% in the third quarter. Congress Asset Management Co. MA now owns 48,191 shares of the business services provider’s stock worth $3,804,000 after acquiring an additional 901 shares during the period. Piedmont Investment Advisors LLC lifted its stake in shares of ASGN by 9.5% in the second quarter. Piedmont Investment Advisors LLC now owns 11,484 shares of the business services provider’s stock worth $898,000 after acquiring an additional 1,000 shares during the period. Finally, Louisiana State Employees Retirement System lifted its stake in shares of ASGN by 5.0% in the third quarter. Louisiana State Employees Retirement System now owns 23,100 shares of the business services provider’s stock worth $1,823,000 after acquiring an additional 1,100 shares during the period. 90.63% of the stock is currently owned by institutional investors.

ASGN Company Profile

ASGN Incorporated provides IT and professional services in the technology, creative/digital, engineering, and life sciences fields across commercial and government sectors in the United State and internationally. The company operates through Apex, Oxford, and ECS segments. The Apex segment offers technical, scientific, digital, and creative services and solutions to Fortune 1000 and mid-market clients.

Featured Article: Discount Rate

Analyst Recommendations for ASGN (NYSE:ASGN)

Receive News & Ratings for ASGN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASGN and related companies with MarketBeat.com's FREE daily email newsletter.