Robert W. Baird Cuts ASGN (NYSE:ASGN) Price Target to $38.00

ASGN (NYSE:ASGN) had its target price cut by investment analysts at Robert W. Baird from $62.00 to $38.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. Robert W. Baird’s price objective would indicate a potential downside of 6.19% from the stock’s current price.

A number of other analysts have also recently weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of ASGN in a research report on Monday. Truist Financial cut ASGN from a “buy” rating to a “hold” rating and decreased their target price for the stock from $60.00 to $33.00 in a report on Thursday. Wall Street Zen cut ASGN from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Wells Fargo & Company increased their target price on ASGN from $49.00 to $54.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Finally, BMO Capital Markets cut ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 target price on the stock. in a report on Thursday. Six analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $42.86.

ASGN Stock Performance

ASGN opened at $40.51 on Thursday. The stock has a market cap of $1.67 billion, a PE ratio of 15.52 and a beta of 0.89. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.65. ASGN has a 1 year low of $34.59 and a 1 year high of $60.75. The stock’s 50 day simple moving average is $39.57 and its 200-day simple moving average is $44.59.

ASGN (NYSE:ASGN) last released its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.29). ASGN had a net margin of 2.85% and a return on equity of 10.94%. The firm had revenue of $968.30 million for the quarter, compared to the consensus estimate of $970.48 million. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. ASGN has set its Q2 2026 guidance at 0.720-0.900 EPS. Sell-side analysts forecast that ASGN will post 5.03 EPS for the current year.

Hedge Funds Weigh In On ASGN

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in ASGN by 97.8% in the fourth quarter. GAMMA Investing LLC now owns 542 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 268 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in ASGN by 85.3% in the third quarter. EverSource Wealth Advisors LLC now owns 543 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 250 shares during the last quarter. Torren Management LLC bought a new position in ASGN in the fourth quarter valued at about $34,000. Rothschild Investment LLC lifted its stake in ASGN by 119.0% in the fourth quarter. Rothschild Investment LLC now owns 1,014 shares of the business services provider’s stock valued at $49,000 after buying an additional 551 shares during the period. Finally, Parallel Advisors LLC lifted its stake in ASGN by 190.8% in the fourth quarter. Parallel Advisors LLC now owns 1,390 shares of the business services provider’s stock valued at $67,000 after buying an additional 912 shares during the period. Institutional investors own 95.36% of the company’s stock.

ASGN Company Profile

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.