ASGN (NYSE:ASGN) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of ASGN (NYSE:ASGN) from a buy rating to a hold rating in a research note released on Sunday.

ASGN has been the subject of a number of other reports. Robert W. Baird set a $62.00 price objective on shares of ASGN in a research note on Thursday, February 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of ASGN in a research report on Wednesday, January 21st. Truist Financial upped their price target on shares of ASGN from $50.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. BMO Capital Markets reissued an “outperform” rating and set a $65.00 price objective on shares of ASGN in a research report on Friday, February 6th. Finally, Wells Fargo & Company increased their target price on ASGN from $49.00 to $54.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, ASGN presently has an average rating of “Reduce” and an average target price of $54.71.

ASGN Stock Performance

Shares of ASGN opened at $36.04 on Friday. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 13.81 and a beta of 0.88. ASGN has a 12 month low of $34.59 and a 12 month high of $65.51. The company’s fifty day moving average is $44.94 and its 200-day moving average is $46.40. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.65.

ASGN (NYSE:ASGN) last posted its earnings results on Wednesday, February 4th. The business services provider reported $1.15 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.03). ASGN had a return on equity of 10.94% and a net margin of 2.85%.The business had revenue of $980.10 million for the quarter, compared to analyst estimates of $979.05 million. During the same period in the previous year, the company earned $1.28 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. ASGN has set its Q1 2026 guidance at 0.930-1.020 EPS. Equities analysts expect that ASGN will post 5.15 EPS for the current fiscal year.

Hedge Funds Weigh In On ASGN

A number of hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of ASGN by 97.8% in the 4th quarter. GAMMA Investing LLC now owns 542 shares of the business services provider’s stock worth $26,000 after buying an additional 268 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in ASGN by 85.3% during the third quarter. EverSource Wealth Advisors LLC now owns 543 shares of the business services provider’s stock worth $26,000 after acquiring an additional 250 shares in the last quarter. Torren Management LLC acquired a new stake in shares of ASGN in the 4th quarter valued at $34,000. Rothschild Investment LLC increased its position in shares of ASGN by 119.0% during the 4th quarter. Rothschild Investment LLC now owns 1,014 shares of the business services provider’s stock worth $49,000 after purchasing an additional 551 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in ASGN by 190.8% during the 4th quarter. Parallel Advisors LLC now owns 1,390 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 912 shares during the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

About ASGN

ASGN Incorporated (NYSE:ASGN) is a leading provider of specialized staffing and professional services, delivering tailored solutions across information technology, digital transformation, engineering and scientific disciplines. Through its diversified portfolio of brands, ASGN connects clients—ranging from life sciences and healthcare firms to technology enterprises and government agencies—with highly skilled consultants, project teams and permanent personnel. The company’s model emphasizes both temporary staffing and long-term consulting engagements to address complex talent and project needs.

ASGN’s service offerings are organized into two main business segments.