Jefferies Group initiated coverage on shares of On Assignment (NASDAQ:ASGN) in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of On Assignment (NASDAQ:ASGN) traded up 1.34% on Friday, hitting $33.30. 173,343 shares of the company’s stock traded hands. On Assignment has a 52 week low of $18.00 and a 52 week high of $33.74. The stock has a 50-day moving average of $32.13 and a 200-day moving average of $28.28. The company has a market cap of $1.785 billion and a P/E ratio of 28.67.
On Assignment (NASDAQ:ASGN) last announced its earnings results on Wednesday, July 24th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. The company had revenue of $417.90 million for the quarter, compared to the consensus estimate of $410.88 million. During the same quarter last year, the company posted $0.28 earnings per share. On Assignment’s revenue was up 47.6% compared to the same quarter last year. Analysts expect that On Assignment will post $1.21 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on ASGN. Analysts at Thomson Reuters/Verus upgraded shares of On Assignment from a “hold” rating to a “buy” rating in a research note to investors on Monday, October 7th. Separately, analysts at UBS AG raised their price target on shares of On Assignment from $32.50 to $34.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of On Assignment from $29.00 to $31.00 in a research note to investors on Thursday, July 25th. They now have a “hold” rating on the stock. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. On Assignment currently has an average rating of “Buy” and an average price target of $32.33.
On Assignment, Inc is a global provider of skilled, professionals in the life sciences, healthcare and technology sectors.
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