Somewhat Favorable Press Coverage Somewhat Unlikely to Impact On Assignment (NYSE:ASGN) Share Price

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News articles about On Assignment (NYSE:ASGN) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. On Assignment earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 45.0954826096578 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:

A number of brokerages have recently issued reports on ASGN. ValuEngine raised On Assignment from a “buy” rating to a “strong-buy” rating in a research note on Monday. Zacks Investment Research downgraded On Assignment from a “buy” rating to a “hold” rating in a research note on Tuesday. Wells Fargo set a $92.00 price objective on On Assignment and gave the stock a “buy” rating in a report on Monday. BMO Capital Markets boosted 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. Finally, SunTrust Banks boosted their price objective on On Assignment to $88.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $79.86.

Shares of ASGN stock traded up $1.22 during trading on Thursday, hitting $83.66. The company’s stock had a trading volume of 235,299 shares, compared to its average volume of 319,758. The firm has a market cap of $4,301.38, a PE ratio of 27.43, a P/E/G ratio of 2.19 and a beta of 1.89. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.58. On Assignment has a 52 week low of $44.66 and a 52 week high of $86.13.

On Assignment (NYSE:ASGN) last released its earnings results on Wednesday, February 14th. The business services provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.68. The company had revenue of $679.04 million during the quarter, compared to analyst estimates of $671.35 million. On Assignment had a return on equity of 17.42% and a net margin of 6.00%. On Assignment’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 earnings per share. research analysts expect that On Assignment will post 3.76 earnings per share for the current year.

In other On Assignment news, Director Edwin A. Sheridan sold 77,596 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $77.79, for a total transaction of $6,036,192.84. Following the sale, the director now owns 1,686 shares in the company, valued at $131,153.94. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Marty R. Kittrell sold 2,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $76.24, for a total value of $152,480.00. Following the sale, the director now owns 4,946 shares in the company, valued at approximately $377,083.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,265 shares of company stock valued at $9,440,062. 5.40% of the stock is owned by corporate insiders.

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On Assignment Company Profile

On Assignment, Inc is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments.

Insider Buying and Selling by Quarter for On Assignment (NYSE:ASGN)

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