ASGN Inc (NYSE:ASGN) Given Consensus Recommendation of “Hold” by Brokerages

ASGN Inc (NYSE:ASGN) has received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $73.43.

Several research analysts recently weighed in on ASGN shares. Royal Bank of Canada started coverage on Robert Half International in a research report on Tuesday, April 16th. They set a “sector perform” rating on the stock. Credit Suisse Group set a CHF 88 price target on Novartis and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Finally, ValuEngine raised YY from a “sell” rating to a “hold” rating in a research report on Friday, June 7th.

A number of large investors have recently bought and sold shares of the stock. Retirement Systems of Alabama boosted its stake in ASGN by 2.7% during the 2nd quarter. Retirement Systems of Alabama now owns 151,251 shares of the business services provider’s stock valued at $9,166,000 after purchasing an additional 3,928 shares during the period. Capital Insight Partners LLC bought a new stake in ASGN during the 2nd quarter valued at approximately $1,003,000. Amundi Pioneer Asset Management Inc. boosted its stake in ASGN by 119.5% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 10,974 shares of the business services provider’s stock valued at $697,000 after purchasing an additional 5,974 shares during the period. Marshall Wace North America L.P. boosted its stake in ASGN by 4,740.1% during the 1st quarter. Marshall Wace North America L.P. now owns 106,336 shares of the business services provider’s stock valued at $6,751,000 after purchasing an additional 104,139 shares during the period. Finally, Marshall Wace LLP boosted its stake in ASGN by 17.6% during the 1st quarter. Marshall Wace LLP now owns 604,861 shares of the business services provider’s stock valued at $38,402,000 after purchasing an additional 90,732 shares during the period. 90.70% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ASGN stock traded up $0.60 on Monday, reaching $58.90. 241,348 shares of the company were exchanged, compared to its average volume of 315,904. The business has a fifty day simple moving average of $56.60. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 1.38 and a beta of 2.05. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.20 and a quick ratio of 2.20. ASGN has a fifty-two week low of $50.33 and a fifty-two week high of $94.25.

ASGN (NYSE:ASGN) last posted its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.02). The business had revenue of $923.70 million for the quarter, compared to analyst estimates of $921.14 million. ASGN had a net margin of 4.49% and a return on equity of 20.45%. The firm’s quarterly revenue was up 34.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share. As a group, research analysts anticipate that ASGN will post 4.67 EPS for the current year.

ASGN Company Profile

ASGN Incorporated provides information technology (IT) and professional staffing services in the technology, digital, creative, engineering, and life sciences fields across commercial and government sectors in the United States and internationally. The company operates through Apex, Oxford, and ECS segments.

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Analyst Recommendations for ASGN (NYSE:ASGN)

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