On Assignment’s (ASGN) “Buy” Rating Reiterated at Royal Bank Of Canada
Royal Bank Of Canada reaffirmed their buy rating on shares of On Assignment, Inc. (NASDAQ:ASGN) in a report issued on Friday morning. Royal Bank Of Canada currently has a $55.00 price objective on the stock.
A number of other brokerages have also commented on ASGN. BidaskClub upgraded On Assignment from a buy rating to a strong-buy rating in a research note on Wednesday, September 27th. BMO Capital Markets upped their target price on On Assignment from $54.00 to $60.00 and gave the company an outperform rating in a research note on Friday, July 14th. Zacks Investment Research upgraded On Assignment from a sell rating to a hold rating in a research note on Thursday, September 21st. Finally, Robert W. Baird restated a hold rating and issued a $53.00 target price on shares of On Assignment in a research note on Sunday, September 3rd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $54.80.
Shares of On Assignment (NASDAQ:ASGN) opened at 55.33 on Friday. On Assignment has a 52-week low of $32.04 and a 52-week high of $56.21. The firm has a market cap of $2.92 billion and a P/E ratio of 27.12. The stock’s 50 day moving average is $51.25 and its 200-day moving average is $50.99.
On Assignment (NASDAQ:ASGN) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The company had revenue of $653.31 million during the quarter, compared to analyst estimates of $655.96 million. On Assignment had a return on equity of 14.70% and a net margin of 5.09%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 earnings per share. Equities analysts anticipate that On Assignment will post $2.86 earnings per share for the current fiscal year.
In other On Assignment news, insider Jeffrey E. Veatch sold 1,520 shares of the company’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $56.01, for a total value of $85,135.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
A number of large investors have recently made changes to their positions in the business. Leith Wheeler Investment Counsel Ltd. grew its position in On Assignment by 30.8% in the third quarter. Leith Wheeler Investment Counsel Ltd. now owns 43,553 shares of the company’s stock valued at $1,993,000 after acquiring an additional 10,250 shares during the period. Phocas Financial Corp. grew its position in On Assignment by 4.7% in the second quarter. Phocas Financial Corp. now owns 112,515 shares of the company’s stock valued at $6,093,000 after acquiring an additional 5,021 shares during the period. 1st Global Advisors Inc. bought a new stake in On Assignment in the second quarter valued at $717,000. Piedmont Investment Advisors LLC bought a new stake in On Assignment in the second quarter valued at $569,000. Finally, Susquehanna International Group LLP grew its position in On Assignment by 343.8% in the second quarter. Susquehanna International Group LLP now owns 51,562 shares of the company’s stock valued at $2,792,000 after acquiring an additional 39,944 shares during the period.
About On Assignment
On Assignment, Inc is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments.
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