BidaskClub upgraded shares of On Assignment, Inc. (NASDAQ:ASGN) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday.

A number of other research analysts have also weighed in on ASGN. Zacks Investment Research raised On Assignment from a hold rating to a buy rating and set a $61.00 target price on the stock in a report on Tuesday, June 13th. BMO Capital Markets boosted their target price on On Assignment from $54.00 to $60.00 and gave the stock an outperform rating in a report on Friday, July 14th. Finally, Robert W. Baird reissued a hold rating and set a $53.00 target price on shares of On Assignment in a report on Sunday, September 3rd. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $55.67.

On Assignment (NASDAQ:ASGN) opened at 53.68 on Wednesday. On Assignment has a 12 month low of $32.04 and a 12 month high of $55.53. The company has a 50-day moving average price of $47.69 and a 200 day moving average price of $50.10. The company has a market capitalization of $2.83 billion and a PE ratio of 26.35.

On Assignment (NASDAQ:ASGN) last posted its earnings results on Wednesday, July 26th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The business had revenue of $653.31 million for the quarter, compared to analyst estimates of $655.96 million. On Assignment had a return on equity of 14.70% and a net margin of 5.09%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 EPS. On average, equities research analysts forecast that On Assignment will post $2.86 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “On Assignment, Inc. (ASGN) Lifted to Strong-Buy at BidaskClub” was first posted by Watch List News and is owned by of Watch List News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.watchlistnews.com/on-assignment-inc-asgn-lifted-to-strong-buy-at-bidaskclub/1600514.html.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Phocas Financial Corp. boosted its stake in On Assignment by 4.7% in the 2nd quarter. Phocas Financial Corp. now owns 112,515 shares of the company’s stock valued at $6,093,000 after purchasing an additional 5,021 shares during the period. 1st Global Advisors Inc. bought a new stake in On Assignment in the 2nd quarter valued at $717,000. Piedmont Investment Advisors LLC bought a new stake in On Assignment in the 2nd quarter valued at $569,000. Susquehanna International Group LLP boosted its stake in On Assignment by 343.8% in the 2nd quarter. Susquehanna International Group LLP now owns 51,562 shares of the company’s stock valued at $2,792,000 after purchasing an additional 39,944 shares during the period. Finally, Nomura Holdings Inc. bought a new stake in On Assignment in the 2nd quarter valued at $352,000.

On Assignment Company Profile

On Assignment, Inc is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments.

Analyst Recommendations for On Assignment (NASDAQ:ASGN)

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