ASGN (NYSE:EFOR) Upgraded at Truist Financial

Truist Financial upgraded shares of ASGN (NYSE:EFOR) from a hold rating to a buy rating in a report released on Wednesday morning, MarketBeat.com reports. Truist Financial currently has $36.00 price target on the stock, up from their previous price target of $33.00.

A number of other analysts have also recently issued reports on the company. Robert W. Baird cut their price objective on ASGN from $62.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. UBS Group decreased their target price on ASGN from $35.00 to $17.00 and set a “sell” rating on the stock in a report on Friday, May 22nd. Wells Fargo & Company dropped their price target on ASGN from $54.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 23rd. Zacks Research raised ASGN from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Finally, BMO Capital Markets cut shares of ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 price objective for the company. in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, ASGN presently has a consensus rating of “Reduce” and a consensus target price of $29.83.

ASGN Stock Performance

Shares of NYSE:EFOR opened at $20.58 on Wednesday. ASGN has a 52-week low of $16.90 and a 52-week high of $55.65. The firm has a market cap of $845.84 million, a P/E ratio of 9.11 and a beta of 0.52. The firm has a 50-day moving average price of $19.28. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 2.10.

ASGN (NYSE:EFOR) last posted 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 business 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%.The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 EPS. As a group, equities analysts forecast that ASGN will post 3.39 earnings per share for the current year.

Insider Transactions at ASGN

In other news, CAO Rose Cunningham purchased 1,125 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was acquired at an average cost of $22.27 per share, with a total value of $25,053.75. Following the acquisition, the chief accounting officer owned 15,587 shares in the company, valued at approximately $347,122.49. This trade represents a 7.78% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian J. Callaghan purchased 5,121 shares of ASGN stock in a transaction that occurred on Monday, April 27th. The stock was purchased at an average price of $20.27 per share, with a total value of $103,802.67. Following the completion of the purchase, the director directly owned 328,950 shares in the company, valued at $6,667,816.50. This trade represents a 1.58% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 8,715 shares of company stock worth $183,984. Company insiders own 14.30% of the company’s stock.

Institutional Investors Weigh In On ASGN

A number of institutional investors have recently modified their holdings of EFOR. GAMMA Investing LLC increased its position in shares of ASGN by 97.8% in the fourth quarter. GAMMA Investing LLC now owns 542 shares of the company’s stock worth $26,000 after purchasing an additional 268 shares during the period. Rothschild Investment LLC raised its stake in ASGN by 119.0% in the fourth quarter. Rothschild Investment LLC now owns 1,014 shares of the company’s stock valued at $49,000 after purchasing an additional 551 shares in the last quarter. Torren Management LLC bought a new stake in ASGN during the fourth quarter worth about $34,000. 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 worth $67,000 after purchasing an additional 912 shares during the period. Finally, Congress Asset Management Co. grew its stake in ASGN by 3.6% during the fourth quarter. Congress Asset Management Co. now owns 88,901 shares of the company’s stock worth $4,282,000 after buying an additional 3,048 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.

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.