ASGN Incorporated (NYSE:EFOR) Receives Consensus Rating of “Hold” from Analysts

Shares of ASGN Incorporated (NYSE:EFOR) have received a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $28.6667.

A number of brokerages have recently issued reports on EFOR. Jefferies Financial Group upgraded shares of ASGN from an “underperform” rating to a “hold” rating and reduced their target price for the stock from $28.00 to $22.00 in a research report on Friday, May 29th. Wells Fargo & Company lowered their price target on shares of ASGN from $33.00 to $26.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Zacks Research upgraded shares of ASGN from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. UBS Group reduced their price objective on ASGN from $35.00 to $17.00 and set a “sell” rating on the stock in a report on Friday, May 22nd. Finally, Weiss Ratings upgraded ASGN from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th.

ASGN Stock Down 6.7%

ASGN stock opened at $30.24 on Friday. The firm has a 50-day simple moving average of $24.90. The company has a market capitalization of $1.24 billion, a PE ratio of 15.59 and a beta of 0.46. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.13 and a quick ratio of 2.13. ASGN has a 12-month low of $16.90 and a 12-month high of $54.94.

ASGN (NYSE:EFOR) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $983.00 million. ASGN had a net margin of 2.09% and a return on equity of 9.54%. The company’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 EPS. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. As a group, sell-side analysts anticipate that ASGN will post 3.6 EPS for the current year.

Hedge Funds Weigh In On ASGN

Several hedge funds have recently added to or reduced their stakes in EFOR. Reinhart Partners LLC. raised its holdings in ASGN by 12.5% during the 4th quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the company’s stock worth $58,139,000 after purchasing an additional 134,513 shares during the last quarter. Seizert Capital Partners LLC acquired a new position in ASGN during the 4th quarter valued at about $245,000. Torren Management LLC bought a new position in shares of ASGN in the 4th quarter valued at about $34,000. New South Capital Management Inc. boosted its stake in shares of ASGN by 39.2% in the 4th quarter. New South Capital Management Inc. now owns 635,011 shares of the company’s stock valued at $30,588,000 after purchasing an additional 178,895 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of ASGN by 106.4% in the 4th quarter. Russell Investments Group Ltd. now owns 62,934 shares of the company’s stock valued at $3,032,000 after purchasing an additional 32,437 shares during the last quarter. Institutional investors 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.