ASGN Incorporated (NYSE:EFOR) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of ASGN Incorporated (NYSE:EFOR) have received a consensus recommendation of “Reduce” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $35.6667.

Several analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of ASGN from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. BMO Capital Markets downgraded shares of ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 price target for the company. in a research note on Thursday, April 23rd. Truist Financial downgraded shares of ASGN from a “buy” rating to a “hold” rating and decreased their price target for the company from $60.00 to $33.00 in a research note on Thursday, April 23rd. Zacks Research downgraded shares of ASGN from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ASGN in a research note on Monday, April 20th.

Insider Activity

In other ASGN news, Director Brian J. Callaghan acquired 5,121 shares of ASGN stock in a transaction that occurred on Monday, April 27th. The stock was bought 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 of the company’s stock, valued at approximately $6,667,816.50. This represents a 1.58% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Theodore S. Hanson acquired 51,965 shares of ASGN stock in a transaction that occurred on Friday, April 24th. The stock was acquired at an average cost of $19.24 per share, with a total value of $999,806.60. Following the purchase, the chief executive officer directly owned 376,843 shares of the company’s stock, valued at $7,250,459.32. This represents a 16.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 91,375 shares of company stock valued at $1,770,367. Insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On ASGN

A number of large investors have recently bought and sold shares of EFOR. EverSource Wealth Advisors LLC raised its stake in ASGN by 85.3% in the third quarter. EverSource Wealth Advisors LLC now owns 543 shares of the company’s stock worth $26,000 after buying an additional 250 shares in the last quarter. GAMMA Investing LLC raised its stake in ASGN by 97.8% in the fourth quarter. GAMMA Investing LLC now owns 542 shares of the company’s stock worth $26,000 after buying an additional 268 shares in the last quarter. Torren Management LLC bought a new position in ASGN in the fourth quarter worth approximately $34,000. 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 worth $49,000 after buying an additional 551 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in ASGN by 190.8% in the fourth quarter. Parallel Advisors LLC now owns 1,390 shares of the company’s stock worth $67,000 after buying an additional 912 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.

ASGN Stock Performance

Shares of NYSE:EFOR opened at $21.16 on Friday. ASGN has a 1 year low of $18.50 and a 1 year high of $60.75. The company has a market cap of $873.48 million, a price-to-earnings ratio of 4.88 and a beta of 0.46. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.82.

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

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.