ASGN Inc (NYSE:ASGN) has received an average rating of “Buy” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $85.33.

Several brokerages have recently weighed in on ASGN. Robert W. Baird reissued a “neutral” rating on shares of ASGN in a research report on Thursday, July 26th. Zacks Investment Research cut shares of ASGN from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Credit Suisse Group began coverage on shares of ASGN in a research report on Friday, August 10th. They set a “neutral” rating and a $92.00 price target on the stock. Finally, ValuEngine cut shares of ASGN from a “buy” rating to a “hold” rating in a research report on Saturday, October 6th.

In other news, insider Randolph C. Blazer sold 10,000 shares of the business’s stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $90.57, for a total transaction of $905,700.00. Following the transaction, the insider now owns 45,837 shares of the company’s stock, valued at approximately $4,151,457.09. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jeremy M. Jones sold 1,278 shares of the business’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $92.05, for a total transaction of $117,639.90. Following the transaction, the director now directly owns 408 shares in the company, valued at approximately $37,556.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,687 shares of company stock worth $4,630,186. Corporate insiders own 3.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Mercantile Trust Co. acquired a new position in ASGN in the second quarter valued at about $113,000. Tower Research Capital LLC TRC acquired a new position in ASGN in the second quarter valued at about $122,000. Victory Capital Management Inc. acquired a new position in ASGN in the second quarter valued at about $132,000. Mount Yale Investment Advisors LLC acquired a new position in ASGN in the second quarter valued at about $146,000. Finally, Winslow Evans & Crocker Inc. acquired a new position in ASGN in the second quarter valued at about $154,000. 91.66% of the stock is currently owned by institutional investors.

Shares of ASGN stock traded up $0.81 during trading hours on Friday, reaching $65.32. 663,674 shares of the company’s stock were exchanged, compared to its average volume of 363,297. ASGN has a 1 year low of $54.37 and a 1 year high of $94.25. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.91 and a beta of 1.94. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.16.

ASGN (NYSE:ASGN) last announced its quarterly earnings results on Wednesday, July 25th. The business services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.06. The firm had revenue of $878.50 million for the quarter, compared to analysts’ expectations of $865.03 million. ASGN had a net margin of 5.67% and a return on equity of 19.07%. The company’s revenue was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS. On average, research analysts anticipate that ASGN will post 4.14 EPS for the current fiscal year.

About ASGN

ASGN Incorporated provides IT and professional services in the technology, creative/digital, engineering, and life sciences fields across commercial and government sectors in the United State and internationally. The company operates through Apex, Oxford, and ECS segments. The Apex segment offers technical, scientific, digital, and creative services and solutions to Fortune 1000 and mid-market clients.

See Also: Fiduciary

Analyst Recommendations for ASGN (NYSE:ASGN)

Receive News & Ratings for ASGN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASGN and related companies with MarketBeat.com's FREE daily email newsletter.