Wall Street Zen Upgrades ASGN (NYSE:EFOR) to “Buy”

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

A number of other equities research analysts have also issued reports on the company. BMO Capital Markets increased their target price on ASGN from $30.00 to $41.00 and gave the company a “market perform” rating in a research note on Friday, October 9th. Weiss Ratings raised ASGN from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, September 28th. Zacks Research cut ASGN from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. UBS Group increased their price objective on shares of ASGN from $17.00 to $19.00 and gave the company a “sell” rating in a research report on Thursday. Finally, Truist Financial lifted their price objective on shares of ASGN from $36.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, October 9th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $33.83.

ASGN Trading Up 3.4%

Shares of ASGN stock opened at $38.25 on Friday. The business’s fifty day simple moving average is $34.79. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.75. ASGN has a twelve month low of $16.90 and a twelve month high of $54.94. The stock has a market cap of $1.57 billion, a PE ratio of 9.59 and a beta of 0.48.

ASGN (NYSE:EFOR) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.09. ASGN had a return on equity of 8.87% and a net margin of 1.71%. The firm had revenue of $1.03 billion during the quarter. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts forecast that ASGN will post 3.74 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ASGN stock. Crescent Grove Advisors LLC purchased a new position in shares of ASGN Incorporated (NYSE:EFOR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,400 shares of the company’s stock, valued at approximately $408,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

ASGN Company Profile

ASGN Incorporated is a provider of information technology and professional services to commercial and government organizations. The company helps clients address digital transformation, cloud modernization, cybersecurity, data and analytics, application development, and other technology needs.

ASGN delivers these services through consulting, project-based solutions, and professional staffing. Its government segment provides technology, engineering, and mission-support services to U.S. federal agencies, while its commercial segment serves businesses across industries including healthcare, financial services, communications, and manufacturing.

The company traces its origins to 1985, when it was established as On Assignment, and expanded its government-services capabilities through the acquisition of ECS Federal in 2018.