Wells Fargo & Company Has Lowered Expectations for ASGN (NYSE:EFOR) Stock Price

ASGN (NYSE:EFOR) had its price objective cut by investment analysts at Wells Fargo & Company from $33.00 to $26.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential downside of 8.55% from the stock’s previous close.

Several other research analysts have also issued reports on the company. Jefferies Financial Group raised ASGN from an “underperform” rating to a “hold” rating and decreased their target price for the stock from $28.00 to $22.00 in a research report on Friday, May 29th. Weiss Ratings cut ASGN from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Zacks Research upgraded ASGN from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. UBS Group dropped their target price on shares of ASGN from $35.00 to $17.00 and set a “sell” rating on the stock in a report on Friday, May 22nd. Finally, Truist Financial raised shares of ASGN from a “hold” rating to a “buy” rating and upped their target price for the stock from $33.00 to $36.00 in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, ASGN currently has a consensus rating of “Reduce” and a consensus price target of $28.67.

ASGN Trading Up 3.1%

Shares of EFOR opened at $28.43 on Thursday. ASGN has a 12-month low of $16.90 and a 12-month high of $54.94. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.80. The company has a market cap of $1.17 billion, a P/E ratio of 14.65 and a beta of 0.52. The firm’s 50-day simple moving average is $19.87.

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

Hedge Funds Weigh In On ASGN

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its position in shares of ASGN by 68.9% during the first quarter. SG Americas Securities LLC now owns 68,386 shares of the company’s stock worth $2,647,000 after acquiring an additional 27,903 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in ASGN by 106.4% during the 4th quarter. Russell Investments Group Ltd. now owns 62,934 shares of the company’s stock valued at $3,032,000 after buying an additional 32,437 shares during the period. New South Capital Management Inc. lifted its holdings 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 worth $30,588,000 after acquiring an additional 178,895 shares during the last quarter. Parallel Advisors LLC lifted its stake in ASGN by 190.8% in the fourth quarter. Parallel Advisors LLC now owns 1,390 shares of the company’s stock worth $67,000 after purchasing an additional 912 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its stake in shares of 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 acquiring an additional 134,513 shares during the last quarter. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

About ASGN

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.