ASGN’s (ASGN) “Sell (D+)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d+) rating on shares of ASGN (NYSE:ASGN) in a report published on Wednesday,Weiss Ratings reports.

A number of other brokerages have also recently commented on ASGN. Wells Fargo & Company reduced their target price on ASGN from $56.00 to $51.00 and set an “equal weight” rating for the company in a report on Thursday, July 24th. Zacks Research raised ASGN from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Wall Street Zen cut ASGN from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. UBS Group reduced their target price on ASGN from $49.00 to $47.00 and set a “sell” rating for the company in a report on Thursday, July 24th. Finally, Jefferies Financial Group reissued an “underperform” rating and set a $42.00 target price (down previously from $53.00) on shares of ASGN in a report on Monday, July 7th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $61.67.

ASGN Stock Performance

NYSE ASGN opened at $45.34 on Wednesday. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 14.35 and a beta of 0.93. ASGN has a twelve month low of $45.30 and a twelve month high of $101.66. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average of $50.70 and a 200 day moving average of $52.93.

ASGN (NYSE:ASGN) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.09. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $994.64 million. ASGN had a return on equity of 11.90% and a net margin of 3.50%.ASGN’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 EPS. ASGN has set its Q3 2025 guidance at 1.180-1.260 EPS. Sell-side analysts anticipate that ASGN will post 5.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its position in ASGN by 3.1% in the first quarter. Russell Investments Group Ltd. now owns 16,074 shares of the business services provider’s stock worth $1,013,000 after acquiring an additional 485 shares during the period. Kennedy Capital Management LLC grew its position in ASGN by 1.7% in the second quarter. Kennedy Capital Management LLC now owns 35,243 shares of the business services provider’s stock worth $1,760,000 after acquiring an additional 594 shares during the period. GAMMA Investing LLC grew its position in ASGN by 662.8% in the first quarter. GAMMA Investing LLC now owns 1,045 shares of the business services provider’s stock worth $66,000 after acquiring an additional 908 shares during the period. Entropy Technologies LP grew its position in ASGN by 105.5% in the first quarter. Entropy Technologies LP now owns 7,378 shares of the business services provider’s stock worth $465,000 after acquiring an additional 3,788 shares during the period. Finally, SG Americas Securities LLC purchased a new position in ASGN in the first quarter worth approximately $396,000. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

About ASGN

ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.