Brokerages Set ASGN Incorporated (NYSE:EFOR) Target Price at $35.67

Shares of ASGN Incorporated (NYSE:EFOR) have been given an average rating of “Reduce” by the eight brokerages that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $32.6667.

EFOR has been the subject of a number of recent research reports. Truist Financial downgraded shares of ASGN from a “buy” rating to a “hold” rating and lowered their price target for the stock from $60.00 to $33.00 in a report on Thursday, April 23rd. Wall Street Zen downgraded shares of ASGN from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Zacks Research cut shares of ASGN from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. BMO Capital Markets cut shares of ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 target price on the stock. in a research report on Thursday, April 23rd. Finally, Wells Fargo & Company decreased their target price on shares of ASGN from $54.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 23rd.

ASGN Trading Down 1.3%

Shares of NYSE EFOR opened at $19.25 on Wednesday. The stock has a market cap of $791.18 million, a PE ratio of 8.52 and a beta of 0.46. ASGN has a 12 month low of $16.90 and a 12 month high of $60.75. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.82.

ASGN (NYSE:EFOR) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.28). The firm had revenue of $968.30 million for the quarter. ASGN had a return on equity of 10.30% and a net margin of 2.46%.ASGN’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 EPS. ASGN has set its Q2 2026 guidance at 0.720-0.900 EPS. As a group, analysts expect that ASGN will post 3.39 EPS for the current year.

Insiders Place Their Bets

In other ASGN news, Director Brian J. Callaghan purchased 5,121 shares of ASGN stock in a transaction on Monday, April 27th. The shares were purchased at an average cost of $20.27 per share, with a total value of $103,802.67. Following the completion of the transaction, the director directly owned 328,950 shares in the company, valued at approximately $6,667,816.50. This represents a 1.58% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marie Perry purchased 5,350 shares of ASGN stock in a transaction on Friday, April 24th. The shares were acquired at an average cost of $18.70 per share, for a total transaction of $100,045.00. Following the completion of the transaction, the executive vice president owned 58,328 shares of the company’s stock, valued at $1,090,733.60. This represents a 10.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 91,375 shares of company stock valued at $1,770,367. 3.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in ASGN by 97.8% during the fourth quarter. GAMMA Investing LLC now owns 542 shares of the company’s stock valued at $26,000 after buying an additional 268 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in ASGN by 85.3% during the third quarter. EverSource Wealth Advisors LLC now owns 543 shares of the company’s stock valued at $26,000 after buying an additional 250 shares in the last quarter. Torren Management LLC acquired a new position in ASGN during the fourth quarter valued at approximately $34,000. Rothschild Investment LLC lifted its position in ASGN by 119.0% during the fourth quarter. Rothschild Investment LLC now owns 1,014 shares of the company’s stock valued at $49,000 after buying an additional 551 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in ASGN by 190.8% during the fourth quarter. Parallel Advisors LLC now owns 1,390 shares of the company’s stock valued at $67,000 after buying an additional 912 shares in the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

ASGN Company Profile

ASGN is a provider of professional services that connects skilled talent with organizations seeking technology, digital, creative and engineering expertise. The firm focuses on staffing and workforce solutions, delivering contract and permanent placement services as well as project-based consulting and managed services to support clients’ technical and operational needs.

Its offerings commonly include IT consulting, digital transformation support, application development and maintenance, data and analytics, cybersecurity, cloud services and engineering resources.