ASGN (NYSE:EFOR) Stock Rating Upgraded by Zacks Research

ASGN (NYSE:EFOR) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

EFOR has been the topic of a number of other reports. UBS Group decreased their price objective on shares of ASGN from $35.00 to $17.00 and set a “sell” rating on the stock in a research note on Friday, May 22nd. Truist Financial raised ASGN from a “hold” rating to a “buy” rating and raised their target price for the company from $33.00 to $36.00 in a report on Wednesday, July 22nd. Jefferies Financial Group upgraded ASGN from an “underperform” rating to a “hold” rating and decreased their price target for the company from $28.00 to $22.00 in a research note on Friday, May 29th. BMO Capital Markets cut ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 price target for the company. in a report on Thursday, April 23rd. Finally, Wells Fargo & Company dropped their price objective on ASGN from $33.00 to $26.00 and set an “equal weight” rating for the company in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, ASGN presently has an average rating of “Hold” and an average price target of $28.67.

ASGN Stock Performance

Shares of ASGN stock opened at $28.43 on Thursday. The company has a 50-day simple moving average of $19.87. The company has a market capitalization of $1.17 billion, a PE ratio of 14.65 and a beta of 0.52. ASGN has a 52-week low of $16.90 and a 52-week high of $54.94. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.10 and a current ratio of 2.10.

ASGN (NYSE:EFOR) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. ASGN had a net margin of 2.09% and a return on equity of 9.54%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $983.00 million. During the same period last year, the firm earned $1.17 earnings per share. ASGN’s revenue for the quarter was down 1.3% compared to the same quarter last year. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. Equities research analysts predict that ASGN will post 3.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Reinhart Partners LLC. increased its stake in ASGN by 12.5% in the fourth quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the company’s stock valued at $58,139,000 after purchasing an additional 134,513 shares in the last quarter. New South Capital Management Inc. boosted its position in shares of ASGN by 39.2% during the 4th quarter. New South Capital Management Inc. now owns 635,011 shares of the company’s stock worth $30,588,000 after purchasing an additional 178,895 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of ASGN in the 3rd quarter valued at about $8,030,000. SG Americas Securities LLC increased its position in ASGN by 68.9% in the 1st quarter. SG Americas Securities LLC now owns 68,386 shares of the company’s stock valued at $2,647,000 after buying an additional 27,903 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in ASGN by 106.4% during the 4th quarter. Russell Investments Group Ltd. now owns 62,934 shares of the company’s stock worth $3,032,000 after buying an additional 32,437 shares during the period. Institutional investors and hedge funds own 95.36% of the company’s stock.

ASGN Company Profile

ASGN is a provider of professional services that connects skilled talent with organizations seeking technology, digital, creative and engineering expertise. The firm focuses on staffing and workforce solutions, delivering contract and permanent placement services as well as project-based consulting and managed services to support clients’ technical and operational needs.

Its offerings commonly include IT consulting, digital transformation support, application development and maintenance, data and analytics, cybersecurity, cloud services and engineering resources.