ASGN (NYSE:EFOR) Price Target Raised to $38.00

ASGN (NYSE:EFOR) had its price objective increased by Wells Fargo & Company from $26.00 to $38.00 in a research report sent to investors on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other equities analysts have also weighed in on the stock. Weiss Ratings raised shares of ASGN from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, September 28th. Zacks Research downgraded shares of ASGN from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. BMO Capital Markets upped their price target on shares of ASGN from $30.00 to $41.00 and gave the company a “market perform” rating in a research note on Friday, October 9th. Finally, Truist Financial increased their price target on shares of ASGN from $36.00 to $45.00 and gave the company a “buy” rating in a report on Friday, October 9th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $33.83.

ASGN Stock Up 3.4%

Shares of NYSE EFOR opened at $38.25 on Thursday. The stock’s 50 day simple moving average is $34.79. The firm has a market capitalization of $1.57 billion, a P/E ratio of 23.47 and a beta of 0.48. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.75. ASGN has a twelve month low of $16.90 and a twelve month high of $54.94.

ASGN (NYSE:EFOR) last released its quarterly earnings data 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 during the quarter. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, research analysts anticipate that ASGN will post 3.74 EPS for the current fiscal year.

Institutional Investors Weigh In On ASGN

An institutional investor recently bought a new stake in ASGN stock. Crescent Grove Advisors LLC purchased a new position in shares of ASGN Incorporated (NYSE:EFOR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,400 shares of the company’s stock, valued at approximately $408,000. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

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.