ASGN (NYSE:ASGN) had its price target lifted by Credit Suisse Group from $61.00 to $63.00 in a research report sent to investors on Thursday, BenzingaRatingsTable reports. They currently have a neutral rating on the business services provider’s stock.

Several other analysts have also issued reports on the stock. Wells Fargo & Co boosted their target price on shares of ASGN from $75.00 to $80.00 and gave the company an outperform rating in a research report on Thursday, January 9th. ValuEngine lowered shares of ASGN from a hold rating to a sell rating in a research report on Wednesday, December 11th. Finally, Zacks Investment Research upgraded shares of ASGN from a sell rating to a hold rating in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of $75.57.

NYSE ASGN traded down $1.69 during trading hours on Thursday, hitting $63.02. 328,500 shares of the company’s stock traded hands, compared to its average volume of 226,165. The business’s fifty day moving average price is $69.75 and its two-hundred day moving average price is $65.37. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $3.60 billion, a P/E ratio of 18.48, a P/E/G ratio of 1.50 and a beta of 2.01. ASGN has a 52 week low of $50.33 and a 52 week high of $72.66.

ASGN (NYSE:ASGN) last announced its earnings results on Wednesday, February 12th. The business services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.05. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. ASGN had a net margin of 4.74% and a return on equity of 19.01%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.14 earnings per share. On average, sell-side analysts expect that ASGN will post 4.64 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its stake in ASGN by 94.0% during the fourth quarter. FMR LLC now owns 1,939,605 shares of the business services provider’s stock valued at $137,653,000 after purchasing an additional 939,595 shares in the last quarter. Select Equity Group L.P. raised its stake in ASGN by 32.7% during the third quarter. Select Equity Group L.P. now owns 955,401 shares of the business services provider’s stock valued at $60,057,000 after purchasing an additional 235,247 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in ASGN by 9.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 821,205 shares of the business services provider’s stock valued at $58,281,000 after purchasing an additional 67,902 shares in the last quarter. Boston Partners raised its stake in ASGN by 9.9% during the fourth quarter. Boston Partners now owns 760,301 shares of the business services provider’s stock valued at $53,968,000 after purchasing an additional 68,320 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its stake in ASGN by 92.0% during the fourth quarter. Loomis Sayles & Co. L P now owns 698,913 shares of the business services provider’s stock valued at $49,601,000 after purchasing an additional 334,852 shares in the last quarter. 92.00% of the stock is currently owned by hedge funds and other institutional investors.

ASGN Company Profile

ASGN Incorporated provides information technology (IT) and professional staffing services in the technology, digital, creative, engineering, and life sciences fields across commercial and government sectors in the United States and internationally. The company operates through Apex, Oxford, and ECS segments.

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Analyst Recommendations for ASGN (NYSE:ASGN)

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