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

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

Several brokerages recently issued reports on EFOR. BMO Capital Markets downgraded ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 price objective for the company. in a research report on Thursday, April 23rd. UBS Group reduced their price objective on ASGN from $35.00 to $17.00 and set a “sell” rating on the stock in a research report on Friday, May 22nd. Wells Fargo & Company decreased their price objective on ASGN from $33.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Robert W. Baird dropped their price objective on ASGN from $62.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of ASGN in a research note on Monday.

ASGN Stock Up 2.5%

Shares of ASGN stock opened at $32.36 on Monday. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 16.68 and a beta of 0.46. ASGN has a 52-week low of $16.90 and a 52-week high of $54.94. The business’s 50-day moving average price is $20.95. The company has a current ratio of 2.13, a quick ratio of 2.10 and a debt-to-equity ratio of 0.80.

ASGN (NYSE:EFOR) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.91 earnings per share for the quarter, topping 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 firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $983.00 million. During the same quarter in the prior year, the company posted $1.17 earnings per share. ASGN’s quarterly revenue was down 1.3% on a year-over-year basis. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. Equities research analysts anticipate that ASGN will post 3.6 EPS for the current year.

Hedge Funds Weigh In On ASGN

Several large investors have recently added to or reduced their stakes in the business. Torren Management LLC acquired a new stake in shares of ASGN during the 4th quarter worth $34,000. Rothschild Investment LLC raised its holdings in shares of ASGN by 119.0% during the 4th quarter. Rothschild Investment LLC now owns 1,014 shares of the company’s stock valued at $49,000 after buying an additional 551 shares during the period. Parallel Advisors LLC raised its holdings in shares of ASGN by 190.8% during the 4th quarter. Parallel Advisors LLC now owns 1,390 shares of the company’s stock valued at $67,000 after buying an additional 912 shares during the period. Seizert Capital Partners LLC acquired a new position in ASGN during the 4th quarter worth approximately $245,000. Finally, Horizon Investments LLC acquired a new position in ASGN during the 3rd quarter worth approximately $515,000. 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.