ASGN Incorporated (NYSE:EFOR) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of ASGN Incorporated (NYSE:EFOR) have been given an average recommendation of “Reduce” by the eight research firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $32.6667.

Several equities research analysts have issued reports on EFOR shares. BMO Capital Markets cut shares of ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 target price on the stock. in a research note on Thursday, April 23rd. Weiss Ratings cut shares of ASGN from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Truist Financial cut shares of ASGN from a “buy” rating to a “hold” rating and lowered their target price for the stock from $60.00 to $33.00 in a research note on Thursday, April 23rd. UBS Group lowered their target price on shares of ASGN from $35.00 to $17.00 and set a “sell” rating on the stock in a research note on Friday. Finally, Wall Street Zen cut shares of ASGN from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd.

ASGN Price Performance

Shares of NYSE EFOR opened at $19.39 on Wednesday. The firm has a market capitalization of $796.93 million, a P/E ratio of 8.58 and a beta of 0.46. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.82. ASGN has a one year low of $16.90 and a one year high of $60.75.

ASGN (NYSE:EFOR) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.28). The company had revenue of $968.30 million during the quarter. ASGN had a return on equity of 10.30% and a net margin of 2.46%.The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share. ASGN has set its Q2 2026 guidance at 0.720-0.900 EPS. As a group, equities research analysts forecast that ASGN will post 3.39 earnings per share for the current fiscal year.

Insider Activity at ASGN

In other ASGN news, President Sadasivam Iyer bought 1,110 shares of the stock in a transaction on Tuesday, April 28th. The shares were bought at an average price of $22.67 per share, with a total value of $25,163.70. Following the purchase, the president directly owned 61,905 shares in the company, valued at $1,403,386.35. This trade represents a 1.83% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Rose Cunningham bought 1,125 shares of the stock in a transaction on Tuesday, April 28th. The shares were acquired at an average cost of $22.27 per share, for a total transaction of $25,053.75. Following the purchase, the chief accounting officer owned 15,587 shares in the company, valued at $347,122.49. The trade was a 7.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 91,375 shares of company stock worth $1,770,367 over the last 90 days. Corporate insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On ASGN

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC increased its position in 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 purchasing an additional 27,903 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in ASGN by 106.4% in the 4th quarter. Russell Investments Group Ltd. now owns 62,934 shares of the company’s stock valued at $3,032,000 after purchasing an additional 32,437 shares during the last quarter. New South Capital Management Inc. boosted its holdings in ASGN by 39.2% in the 4th quarter. New South Capital Management Inc. now owns 635,011 shares of the company’s stock valued at $30,588,000 after purchasing an additional 178,895 shares during the last quarter. Parallel Advisors LLC boosted its holdings in ASGN by 190.8% in the 4th quarter. Parallel Advisors LLC now owns 1,390 shares of the company’s stock valued at $67,000 after purchasing an additional 912 shares during the last quarter. Finally, Reinhart Partners LLC. boosted its holdings in ASGN by 12.5% in the 4th quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the company’s stock valued at $58,139,000 after purchasing an additional 134,513 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

ASGN Company Profile

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.