ASGN (NYSE:ASGN) Raised to Buy at Wall Street Zen

ASGN (NYSE:ASGN) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other equities analysts have also weighed in on the stock. Truist Financial upped their price objective on shares of ASGN from $50.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. Robert W. Baird set a $62.00 target price on ASGN in a research note on Thursday, February 5th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $65.00 target price on shares of ASGN in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ASGN in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company increased their price target on ASGN from $49.00 to $54.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $54.71.

ASGN Stock Performance

Shares of ASGN stock opened at $36.40 on Friday. The firm has a 50 day moving average of $46.25 and a 200-day moving average of $47.02. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 13.95 and a beta of 0.88. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.65. ASGN has a 52 week low of $35.69 and a 52 week high of $69.63.

ASGN (NYSE:ASGN) last released its earnings results on Wednesday, February 4th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.03). The company had revenue of $980.10 million for the quarter, compared to analyst estimates of $979.05 million. ASGN had a net margin of 2.85% and a return on equity of 10.94%. The firm’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.28 EPS. ASGN has set its Q1 2026 guidance at 0.930-1.020 EPS. On average, equities analysts forecast that ASGN will post 5.15 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. increased its position in shares of ASGN by 106.4% during the fourth quarter. Russell Investments Group Ltd. now owns 62,934 shares of the business services provider’s stock worth $3,032,000 after acquiring an additional 32,437 shares in the last quarter. New South Capital Management Inc. lifted its position in ASGN by 39.2% in the 4th quarter. New South Capital Management Inc. now owns 635,011 shares of the business services provider’s stock valued at $30,588,000 after acquiring an additional 178,895 shares in the last quarter. Parallel Advisors LLC lifted its position in ASGN by 190.8% in the 4th quarter. Parallel Advisors LLC now owns 1,390 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 912 shares in the last quarter. Reinhart Partners LLC. boosted its stake in ASGN by 12.5% during the 4th quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the business services provider’s stock valued at $58,139,000 after purchasing an additional 134,513 shares during the last quarter. Finally, Rothschild Investment LLC increased its holdings in ASGN by 119.0% during the 4th quarter. Rothschild Investment LLC now owns 1,014 shares of the business services provider’s stock worth $49,000 after purchasing an additional 551 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

About ASGN

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.