ASGN (NYSE:EFOR) Rating Increased to Strong-Buy at Zacks Research

ASGN (NYSE:EFOR) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other research firms have also recently commented on EFOR. Jefferies Financial Group upgraded ASGN from an “underperform” rating to a “hold” rating and dropped their price objective for the company from $28.00 to $22.00 in a research note on Friday, May 29th. Weiss Ratings lowered ASGN from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Robert W. Baird decreased their target price on ASGN from $62.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Wells Fargo & Company lowered their target price on ASGN from $33.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Truist Financial raised ASGN from a “hold” rating to a “buy” rating and upped their price target for the company from $33.00 to $36.00 in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, ASGN has a consensus rating of “Hold” and an average price target of $28.67.

ASGN Stock Performance

Shares of EFOR stock opened at $28.43 on Thursday. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 14.65 and a beta of 0.52. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.80. ASGN has a 52 week low of $16.90 and a 52 week high of $54.94. The stock has a 50-day moving average of $19.87.

ASGN (NYSE:EFOR) last released its earnings results on Wednesday, July 29th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. ASGN had a net margin of 2.09% and a return on equity of 9.54%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $983.00 million. During the same period in the previous year, the company earned $1.17 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. Analysts forecast that ASGN will post 3.6 earnings per share for the current year.

Institutional Trading of ASGN

A number of institutional investors have recently modified their holdings of EFOR. Reinhart Partners LLC. boosted its holdings in ASGN by 12.5% in the 4th quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the company’s stock worth $58,139,000 after buying an additional 134,513 shares during the period. New South Capital Management Inc. raised its holdings in ASGN by 39.2% during the 4th quarter. New South Capital Management Inc. now owns 635,011 shares of the company’s stock valued at $30,588,000 after acquiring an additional 178,895 shares during the period. Tudor Investment Corp ET AL bought a new stake in ASGN during the 3rd quarter valued at $8,030,000. SG Americas Securities LLC lifted its position in shares of ASGN by 68.9% during the first quarter. SG Americas Securities LLC now owns 68,386 shares of the company’s stock worth $2,647,000 after acquiring an additional 27,903 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of ASGN by 106.4% during the fourth quarter. Russell Investments Group Ltd. now owns 62,934 shares of the company’s stock worth $3,032,000 after acquiring an additional 32,437 shares in the last quarter. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

About ASGN

ASGN is a provider of professional services that connects skilled talent with organizations seeking technology, digital, creative and engineering expertise. The firm focuses on staffing and workforce solutions, delivering contract and permanent placement services as well as project-based consulting and managed services to support clients’ technical and operational needs.

Its offerings commonly include IT consulting, digital transformation support, application development and maintenance, data and analytics, cybersecurity, cloud services and engineering resources.