On Assignment, Inc. (ASGN) Receives $79.86 Average PT from Brokerages
On Assignment, Inc. (NYSE:ASGN) has received an average recommendation of “Buy” from the ten ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $79.86.
A number of equities analysts have recently issued reports on ASGN shares. William Blair reiterated an “outperform” rating on shares of On Assignment in a report on Thursday, February 15th. Wells Fargo upped their price objective on On Assignment to $71.00 and gave the stock an “outperform” rating in a report on Friday, December 29th. BMO Capital Markets upped their price objective on On Assignment from $73.00 to $82.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Deutsche Bank upped their price objective on On Assignment from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, Zacks Investment Research upgraded On Assignment from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Wednesday, April 4th.
In related news, Director Marty R. Kittrell sold 2,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.24, for a total transaction of $152,480.00. Following the completion of the sale, the director now directly owns 4,946 shares in the company, valued at approximately $377,083.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Edwin A. Sheridan sold 77,596 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $77.79, for a total value of $6,036,192.84. Following the sale, the director now owns 1,686 shares of the company’s stock, valued at $131,153.94. The disclosure for this sale can be found here. Insiders have sold a total of 121,265 shares of company stock valued at $9,440,062 over the last 90 days. 5.40% of the stock is currently owned by company insiders.
Shares of NYSE ASGN opened at $84.52 on Friday. The stock has a market capitalization of $4,343.13, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 2.22 and a beta of 1.89. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.00 and a current ratio of 3.00. On Assignment has a twelve month low of $44.66 and a twelve month high of $86.13.
On Assignment (NYSE:ASGN) last announced its earnings results on Wednesday, February 14th. The business services provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.68. On Assignment had a return on equity of 17.42% and a net margin of 6.00%. The business had revenue of $679.04 million for the quarter, compared to analyst estimates of $671.35 million. During the same period in the prior year, the company earned $0.64 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. research analysts forecast that On Assignment will post 3.75 EPS for the current fiscal year.
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About On Assignment
ASGN Incorporated provides IT and professional services in the technology, digital, creative, healthcare technology, engineering, life sciences, and government sectors in the United States, Europe, and Canada. The company's Apex segment offers technical, digital, and creative and scientific professionals for contract, contract-to-hire, and permanent placement positions to Fortune 1000 and mid-market clients; IT staffing and consulting services comprising IT infrastructure, application development, project management, and healthcare IT professionals; and creative, marketing, advertising, and digital professionals.
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