ASGN Incorporated (NYSE:EFOR) Stock Has Average Target Price of $31.50

ASGN Incorporated (NYSE:EFOR) has been assigned an average recommendation of “Reduce” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $31.50.

EFOR has been the topic of several analyst reports. BMO Capital Markets upped their price target on shares of ASGN from $30.00 to $41.00 and gave the company a “market perform” rating in a report on Friday, October 9th. Zacks Research downgraded shares of ASGN from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Truist Financial raised their price objective on shares of ASGN from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. Wells Fargo & Company dropped their target price on ASGN from $33.00 to $26.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Finally, Weiss Ratings raised ASGN from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, September 28th.

ASGN Stock Performance

NYSE EFOR opened at $37.63 on Friday. The company has a market cap of $1.54 billion, a P/E ratio of 9.45 and a beta of 0.48. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.80. The firm’s 50 day moving average is $33.40. ASGN has a fifty-two week low of $16.90 and a fifty-two week high of $54.94.

ASGN (NYSE:EFOR) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $983.00 million. ASGN had a return on equity of 9.54% and a net margin of 2.09%. ASGN’s revenue was down 1.3% on a year-over-year basis. During the same period last year, the company earned $1.17 earnings per share. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. As a group, equities analysts predict that ASGN will post 3.60 EPS for the current year.

Hedge Funds Weigh In On ASGN

An institutional investor recently raised its stake in ASGN stock. SG Americas Securities LLC raised its holdings in shares of ASGN Incorporated (NYSE:EFOR) by 68.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,386 shares of the company’s stock after purchasing an additional 27,903 shares during the quarter. SG Americas Securities LLC owned 0.17% of ASGN worth $2,647,000 at the end of the most recent reporting period. 95.36% of the stock is owned by institutional investors and hedge funds.

About ASGN

ASGN Incorporated is a provider of IT services and professional workforce solutions. The company helps organizations address technology and business needs through consulting, project-based services, and the placement of highly skilled professionals.

Its service offerings include digital transformation, application modernization, cloud and infrastructure services, cybersecurity, data and analytics, artificial intelligence, and enterprise technology consulting. ASGN also provides technical and professional staffing services, supplying specialists in areas such as information technology, engineering, healthcare, and other business disciplines.

ASGN serves commercial and government organizations, with operations focused primarily on the United States and additional activity in Canada.