ASGN (NYSE:EFOR) Stock Bumped Down to Hold by Zacks Research

Zacks Research cut shares of ASGN (NYSE:EFOR) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks reports.

Other analysts have also issued reports about the company. Weiss Ratings raised ASGN from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday. Truist Financial raised ASGN from a “hold” rating to a “buy” rating and boosted their target price for the stock from $33.00 to $36.00 in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company reduced their price target on shares of ASGN from $33.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, ASGN has an average rating of “Reduce” and a consensus target price of $28.67.

ASGN Trading Down 0.1%

NYSE EFOR opened at $32.79 on Monday. The company has a 50 day simple moving average of $30.59. ASGN has a 1-year low of $16.90 and a 1-year high of $54.94. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $1.34 billion, a P/E ratio of 16.90 and a beta of 0.46.

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

Hedge Funds Weigh In On ASGN

Large investors have recently bought and sold shares of the company. Rothschild Investment LLC raised its holdings in ASGN by 119.0% in the 4th quarter. Rothschild Investment LLC now owns 1,014 shares of the company’s stock valued at $49,000 after buying an additional 551 shares during the last quarter. SG Americas Securities LLC grew its holdings in ASGN by 68.9% during the 1st quarter. SG Americas Securities LLC now owns 68,386 shares of the company’s stock worth $2,647,000 after acquiring an additional 27,903 shares during the last quarter. Finally, Reinhart Partners LLC. grew its holdings in ASGN by 12.5% during the 4th quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the company’s stock worth $58,139,000 after acquiring an additional 134,513 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors.

ASGN Company Profile

ASGN Incorporated is a provider of information technology services and professional staffing solutions. The company helps businesses and government organizations address technology, digital transformation and workforce needs through consulting, engineering, application development, cybersecurity, cloud and infrastructure services, as well as the placement of skilled information technology and professional personnel.

ASGN operates through commercial and federal government businesses. Its commercial operations serve companies across industries with IT consulting, managed services and talent solutions, while its federal government business supports U.S.