ASGN (NYSE:ASGN) Given New $150.00 Price Target at Truist

ASGN (NYSE:ASGN) had its price target increased by Truist from $130.00 to $150.00 in a research report sent to investors on Tuesday morning, The Fly reports.

ASGN has been the subject of a number of other reports. BMO Capital Markets boosted their price target on shares of ASGN from $121.00 to $128.00 and gave the stock an outperform rating in a research note on Thursday, September 16th. They noted that the move was a valuation call. Robert W. Baird boosted their price target on shares of ASGN from $117.00 to $122.00 and gave the stock a neutral rating in a research note on Monday, September 27th. Finally, Zacks Investment Research downgraded shares of ASGN from a buy rating to a hold rating in a research note on Tuesday, November 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, ASGN has an average rating of Hold and an average target price of $132.50.

Shares of NYSE ASGN opened at $118.45 on Tuesday. ASGN has a 1-year low of $82.69 and a 1-year high of $131.89. The company has a market cap of $6.17 billion, a PE ratio of 16.66 and a beta of 2.03. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average of $123.86 and a two-hundred day moving average of $113.22.

ASGN (NYSE:ASGN) last announced its earnings results on Tuesday, October 26th. The business services provider reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.11. ASGN had a net margin of 9.31% and a return on equity of 16.93%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted $1.27 earnings per share. The company’s revenue was up 8.7% on a year-over-year basis. As a group, equities research analysts forecast that ASGN will post 5.28 earnings per share for the current year.

In related news, SVP Jennifer Hankes Painter sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 30th. The shares were sold at an average price of $121.82, for a total transaction of $487,280.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Edward L. Pierce sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, November 8th. The shares were sold at an average price of $128.25, for a total transaction of $3,847,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,500 shares of company stock valued at $8,962,755. Corporate insiders own 3.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC boosted its holdings in shares of ASGN by 0.7% in the third quarter. Essex Investment Management Co. LLC now owns 22,030 shares of the business services provider’s stock valued at $2,492,000 after buying an additional 151 shares during the period. Knights of Columbus Asset Advisors LLC boosted its holdings in shares of ASGN by 0.5% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 51,246 shares of the business services provider’s stock valued at $5,798,000 after buying an additional 235 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of ASGN by 24.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 2,326 shares of the business services provider’s stock valued at $264,000 after buying an additional 450 shares during the period. Stanley Laman Group Ltd. boosted its holdings in shares of ASGN by 6.1% in the third quarter. Stanley Laman Group Ltd. now owns 20,501 shares of the business services provider’s stock valued at $2,319,000 after buying an additional 1,170 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of ASGN by 1.6% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 115,799 shares of the business services provider’s stock valued at $13,101,000 after buying an additional 1,771 shares during the period. Institutional investors own 94.94% of the company’s stock.

ASGN Company Profile

ASGN, Inc engages in the provision of information technology and professional services in the technology, digital, creative, engineering, and life sciences fields in the commercial and government sectors. It operates through the following segments: Apex, Oxford, and ECS. The Apex segment offers technical, scientific, digital, and creative services and solutions to Fortune 1000 and mid-market clients.

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