ASGN Incorporated (NYSE:EFOR) Receives $28.67 Average PT from Analysts

Shares of ASGN Incorporated (NYSE:EFOR) have been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $28.6667.

Several equities research analysts have commented on the stock. Wells Fargo & Company lowered their price target on shares of ASGN from $33.00 to $26.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Weiss Ratings upgraded ASGN from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. Zacks Research raised ASGN from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Jefferies Financial Group upgraded ASGN from an “underperform” rating to a “hold” rating and lowered their target price for the stock from $28.00 to $22.00 in a research note on Friday, May 29th. Finally, Truist Financial raised ASGN from a “hold” rating to a “buy” rating and raised their target price for the stock from $33.00 to $36.00 in a report on Wednesday, July 22nd.

Institutional Investors Weigh In On ASGN

A number of hedge funds and other institutional investors have recently made changes to their positions in EFOR. Reinhart Partners LLC. lifted its stake in shares of ASGN by 12.5% in the 4th quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the company’s stock valued at $58,139,000 after purchasing an additional 134,513 shares during the period. New South Capital Management Inc. grew its position in ASGN by 39.2% during the fourth quarter. New South Capital Management Inc. now owns 635,011 shares of the company’s stock valued at $30,588,000 after buying an additional 178,895 shares during the period. SG Americas Securities LLC grew its position in ASGN by 68.9% during the first quarter. SG Americas Securities LLC now owns 68,386 shares of the company’s stock valued at $2,647,000 after buying an additional 27,903 shares during the period. Russell Investments Group Ltd. increased its holdings in ASGN by 106.4% in the fourth quarter. Russell Investments Group Ltd. now owns 62,934 shares of the company’s stock valued at $3,032,000 after buying an additional 32,437 shares in the last quarter. Finally, Horizon Investments LLC purchased a new position in ASGN in the third quarter valued at $515,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

ASGN Trading Up 0.3%

Shares of NYSE EFOR opened at $32.05 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.13 and a current ratio of 2.13. ASGN has a 12 month low of $16.90 and a 12 month high of $54.94. The company’s 50 day simple moving average is $24.36. The firm has a market cap of $1.31 billion, a PE ratio of 16.52 and a beta of 0.45.

ASGN (NYSE:EFOR) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.82 by $0.09. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $983.00 million. ASGN had a net margin of 2.09% and a return on equity of 9.54%. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 EPS. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. Analysts forecast that ASGN will post 3.6 EPS for the current year.

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.