ASGN (NYSE:EFOR) Price Target Cut to $26.00 by Analysts at Wells Fargo & Company

ASGN (NYSE:EFOR) had its target price dropped by analysts at Wells Fargo & Company from $33.00 to $26.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential downside of 2.55% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Weiss Ratings cut shares of ASGN from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Zacks Research upgraded ASGN from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. 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 note on Thursday, April 23rd. Jefferies Financial Group raised ASGN from an “underperform” rating to a “hold” rating and reduced their price objective for the stock from $28.00 to $22.00 in a report on Friday, May 29th. Finally, Robert W. Baird decreased their target price on ASGN from $62.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $28.67.

ASGN Price Performance

Shares of NYSE EFOR traded up $3.27 during trading on Thursday, hitting $26.68. 460,665 shares of the company were exchanged, compared to its average volume of 1,044,034. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.10 and a current ratio of 2.10. ASGN has a 1 year low of $16.90 and a 1 year high of $54.94. The stock has a market cap of $1.10 billion, a P/E ratio of 11.81 and a beta of 0.52. The stock has a fifty day moving average price of $19.52.

ASGN (NYSE:EFOR) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. ASGN had a net margin of 2.46% and a return on equity of 10.30%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $983.00 million. During the same quarter last year, the firm posted $1.17 EPS. The business’s revenue was down 1.3% compared to the same quarter last year. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. On average, research analysts forecast that ASGN will post 3.39 earnings per share for the current year.

Institutional Trading of ASGN

A number of large investors have recently made changes to their positions in EFOR. GAMMA Investing LLC increased its position in ASGN by 97.8% during the 4th quarter. GAMMA Investing LLC now owns 542 shares of the company’s stock worth $26,000 after purchasing an additional 268 shares in the last quarter. Torren Management LLC purchased a new position in ASGN in the 4th quarter valued at about $34,000. Rothschild Investment LLC boosted its stake in shares of ASGN by 119.0% during the 4th quarter. Rothschild Investment LLC now owns 1,014 shares of the company’s stock worth $49,000 after purchasing an additional 551 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of ASGN by 190.8% during the 4th quarter. Parallel Advisors LLC now owns 1,390 shares of the company’s stock worth $67,000 after purchasing an additional 912 shares during the last quarter. Finally, Seizert Capital Partners LLC purchased a new stake in shares of ASGN during the fourth quarter worth about $245,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

More ASGN News

Here are the key news stories impacting ASGN this week:

• Positive Sentiment: Quarterly earnings and revenue beat estimates: ASGN reported adjusted earnings of $0.91 per share, above the $0.82 consensus estimate, while revenue reached $1.01 billion versus expectations of approximately $983 million. ASGN quarterly earnings report
• Positive Sentiment: Cash generation and profitability were solid: The company reported $14.2 million in net income, $96.7 million in adjusted EBITDA, $52.2 million in operating cash flow and $46.3 million in free cash flow. ASGN also repurchased approximately 0.4 million shares, which may support per-share value. ASGN second-quarter results
• Neutral Sentiment: Third-quarter outlook is broadly in line with expectations: ASGN guided to EPS of $0.92 to $1.10, compared with the $1.00 analyst consensus. The midpoint matches expectations, but the guidance range indicates some uncertainty around near-term performance.
• Negative Sentiment: Year-over-year trends remain soft: Quarterly revenue declined 1.3% from the prior year, while EPS fell from $1.17 to $0.91. The company’s reported net margin was also relatively modest at 2.46%, highlighting continued pressure on profitability.

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.