On Assignment, Inc. (ASGN) Price Target Raised to $66.00 at BMO Capital Markets
On Assignment, Inc. (NYSE:ASGN) had its price objective increased by BMO Capital Markets from $62.00 to $66.00 in a report issued on Friday. The firm currently has an outperform rating on the business services provider’s stock.
ASGN has been the topic of several other reports. BidaskClub downgraded shares of On Assignment from a strong-buy rating to a buy rating in a report on Friday, July 28th. Robert W. Baird reaffirmed a hold rating and issued a $53.00 price objective on shares of On Assignment in a report on Friday, October 6th. Zacks Investment Research raised shares of On Assignment from a sell rating to a hold rating in a report on Friday, September 15th. Royal Bank Of Canada reissued a buy rating on shares of On Assignment in a report on Friday, October 20th. Finally, Deutsche Bank AG increased their price target on shares of On Assignment from $57.00 to $60.00 and gave the stock a buy rating in a report on Thursday, October 26th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $60.17.
On Assignment (NYSE:ASGN) opened at $61.86 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.57 and a current ratio of 2.57. On Assignment has a 52 week low of $39.52 and a 52 week high of $61.89. The stock has a market cap of $3,184.35, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 2.06 and a beta of 2.12.
On Assignment (NYSE:ASGN) last issued its quarterly earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.08. On Assignment had a net margin of 4.45% and a return on equity of 16.87%. The business had revenue of $667.05 million for the quarter, compared to analyst estimates of $660.90 million. During the same quarter in the prior year, the business posted $0.74 EPS. On Assignment’s revenue for the quarter was up 6.0% compared to the same quarter last year. equities research analysts expect that On Assignment will post 2.97 earnings per share for the current fiscal year.
In other news, insider Jeffrey E. Veatch sold 1,520 shares of the stock in a transaction dated Tuesday, October 10th. The shares were 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey E. Veatch sold 74,894 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $56.53, for a total transaction of $4,233,757.82. Following the sale, the insider now owns 392,938 shares of the company’s stock, valued at $22,212,785.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 421,273 shares of company stock worth $24,710,774. Insiders own 5.40% of the company’s stock.
An institutional investor recently raised its position in On Assignment stock. Stifel Financial Corp increased its position in shares of On Assignment, Inc. (NYSE:ASGN) by 6.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 287,428 shares of the business services provider’s stock after purchasing an additional 16,813 shares during the period. Stifel Financial Corp owned 0.55% of On Assignment worth $15,451,000 at the end of the most recent quarter. 89.24% of the stock is owned by institutional investors and hedge funds.
On Assignment Company Profile
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.
Receive News & Stock Ratings for On Assignment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Assignment Inc. and related stocks with our FREE daily email newsletter.