ASGN (NYSE:EFOR) Price Target Raised to $19.00

ASGN (NYSE:EFOR) had its target price raised by UBS Group from $17.00 to $19.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has a sell rating on the stock.

Several other research firms also recently issued reports on EFOR. Wells Fargo & Company boosted their price objective on ASGN from $26.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday. BMO Capital Markets increased their target price on ASGN from $30.00 to $41.00 and gave the stock a “market perform” rating in a research note on Friday, October 9th. Weiss Ratings upgraded ASGN from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, September 28th. Zacks Research downgraded ASGN from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Finally, Truist Financial lifted their target price on ASGN from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, October 9th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $33.83.

ASGN Stock Performance

ASGN stock opened at $38.25 on Thursday. ASGN has a fifty-two week low of $16.90 and a fifty-two week high of $54.94. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.13 and a quick ratio of 2.13. The firm has a 50 day moving average of $34.79. The firm has a market cap of $1.57 billion, a P/E ratio of 23.47 and a beta of 0.48.

ASGN (NYSE:EFOR) last announced its earnings results on Wednesday, October 28th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.09. ASGN had a return on equity of 8.87% and a net margin of 1.71%. The company had revenue of $1.03 billion for the quarter. ASGN’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities research analysts forecast that ASGN will post 3.74 earnings per share for the current year.

Hedge Funds Weigh In On ASGN

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