Truist Financial Upgrades ASGN (NYSE:EFOR) to Buy

ASGN (NYSE:EFOR) was upgraded by equities research analysts at Truist Financial from a “hold” rating to a “buy” rating in a report released on Wednesday, MarketBeat.com reports. The firm presently has a $36.00 price objective on the stock, up from their previous price objective of $33.00. Truist Financial’s price objective points to a potential upside of 96.19% from the stock’s current price.

Several other research analysts have also weighed in on the company. UBS Group dropped their price target on ASGN from $35.00 to $17.00 and set a “sell” rating on the stock in a research report on Friday, May 22nd. Jefferies Financial Group upgraded ASGN from an “underperform” rating to a “hold” rating and decreased their price objective for the stock from $28.00 to $22.00 in a research report on Friday, May 29th. BMO Capital Markets cut ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 target price on the stock. in a research note on Thursday, April 23rd. Zacks Research upgraded ASGN from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Wells Fargo & Company reduced their price target on shares of ASGN from $54.00 to $33.00 and set an “equal weight” rating for the company in a research report on Thursday, April 23rd. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, ASGN currently has an average rating of “Reduce” and an average target price of $29.83.

ASGN Stock Performance

NYSE EFOR opened at $18.35 on Wednesday. The business’s 50 day moving average price is $19.13. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.10 and a current ratio of 2.10. ASGN has a twelve month low of $16.90 and a twelve month high of $60.75. The stock has a market cap of $754.18 million, a PE ratio of 8.12 and a beta of 0.52.

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

Insider Buying and Selling

In other ASGN news, President Sadasivam Iyer acquired 1,110 shares of ASGN stock in a transaction that occurred on Tuesday, April 28th. The stock was acquired at an average price of $22.67 per share, with a total value of $25,163.70. Following the purchase, the president owned 61,905 shares in the company, valued at approximately $1,403,386.35. This trade represents a 1.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Rose Cunningham acquired 1,125 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was acquired at an average price of $22.27 per share, with a total value of $25,053.75. Following the completion of the acquisition, the chief accounting officer directly owned 15,587 shares of the company’s stock, valued at $347,122.49. This represents a 7.78% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders purchased 91,375 shares of company stock valued at $1,770,367. 14.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On ASGN

Several institutional investors have recently bought and sold shares of EFOR. Russell Investments Group Ltd. lifted its position in shares of ASGN by 96.9% in the third quarter. Russell Investments Group Ltd. now owns 30,497 shares of the company’s stock worth $1,444,000 after buying an additional 15,011 shares during the last quarter. Horizon Investments LLC acquired a new position in shares of ASGN during the 3rd quarter valued at about $515,000. Tudor Investment Corp ET AL bought a new position in shares of ASGN in the 3rd quarter valued at approximately $8,030,000. GAMMA Investing LLC lifted its holdings in ASGN by 97.8% in the 4th quarter. GAMMA Investing LLC now owns 542 shares of the company’s stock worth $26,000 after purchasing an additional 268 shares during the last quarter. Finally, Congress Asset Management Co. lifted its holdings in ASGN by 3.6% in the 4th quarter. Congress Asset Management Co. now owns 88,901 shares of the company’s stock worth $4,282,000 after purchasing an additional 3,048 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors.

About ASGN

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.