Analysts Set ASGN Incorporated (NYSE:ASGN) Target Price at $97.22

ASGN Incorporated (NYSE:ASGN) has been given an average recommendation of “Hold” by the ten ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $97.22.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a $115.00 price objective on shares of ASGN in a research report on Thursday, July 25th.

ASGN Stock Performance

ASGN stock opened at $96.16 on Wednesday. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.57. The business’s fifty day simple moving average is $92.36 and its two-hundred day simple moving average is $95.72. ASGN has a twelve month low of $76.70 and a twelve month high of $106.42. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 15.63 and a beta of 1.40.

ASGN (NYSE:ASGN) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.03. ASGN had a return on equity of 14.30% and a net margin of 4.56%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company earned $1.59 EPS. The business’s revenue was down 8.5% compared to the same quarter last year. Analysts predict that ASGN will post 5.17 earnings per share for the current year.

Institutional Trading of ASGN

Institutional investors and hedge funds have recently made changes to their positions in the business. Argent Capital Management LLC boosted its stake in shares of ASGN by 43.8% in the second quarter. Argent Capital Management LLC now owns 9,417 shares of the business services provider’s stock worth $830,000 after acquiring an additional 2,868 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of ASGN by 1,851.6% in the second quarter. SG Americas Securities LLC now owns 19,887 shares of the business services provider’s stock worth $1,753,000 after acquiring an additional 18,868 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of ASGN in the first quarter worth approximately $154,000. Meadow Creek Wealth Advisors LLC acquired a new stake in shares of ASGN in the first quarter worth approximately $512,000. Finally, Reinhart Partners LLC. boosted its stake in shares of ASGN by 0.9% in the first quarter. Reinhart Partners LLC. now owns 548,300 shares of the business services provider’s stock worth $57,440,000 after acquiring an additional 4,931 shares during the last quarter. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

ASGN Company Profile

ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.