On Assignment, Inc. (ASGN) Lifted to Strong-Buy at BidaskClub
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.
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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.
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