ASGN (NYSE:ASGN) Given New $54.00 Price Target at UBS Group

ASGN (NYSE:ASGN) had its target price decreased by UBS Group from $56.00 to $54.00 in a report issued on Thursday morning,Benzinga reports. UBS Group currently has a sell rating on the business services provider’s stock.

Other equities research analysts also recently issued reports about the company. Truist Financial cut their price target on ASGN from $105.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. StockNews.com lowered shares of ASGN from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $89.33.

ASGN Stock Down 11.5 %

ASGN opened at $51.82 on Thursday. ASGN has a twelve month low of $47.64 and a twelve month high of $105.67. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average price of $64.19 and a 200-day moving average price of $80.60. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 13.49 and a beta of 1.20.

ASGN (NYSE:ASGN) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.03). The firm had revenue of $968.30 million for the quarter, compared to the consensus estimate of $971.00 million. ASGN had a net margin of 4.27% and a return on equity of 13.22%. Equities research analysts forecast that ASGN will post 5.15 earnings per share for the current year.

Hedge Funds Weigh In On ASGN

Hedge funds have recently modified their holdings of the company. J.Safra Asset Management Corp lifted its stake in shares of ASGN by 48.1% during the 4th quarter. J.Safra Asset Management Corp now owns 428 shares of the business services provider’s stock valued at $36,000 after buying an additional 139 shares in the last quarter. GAMMA Investing LLC raised its holdings in ASGN by 662.8% during the first quarter. GAMMA Investing LLC now owns 1,045 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 908 shares during the period. Cim Investment Management Inc. purchased a new position in shares of ASGN in the third quarter valued at about $205,000. Argent Capital Management LLC boosted its stake in shares of ASGN by 31.6% in the fourth quarter. Argent Capital Management LLC now owns 13,898 shares of the business services provider’s stock worth $1,158,000 after acquiring an additional 3,339 shares during the period. Finally, Entropy Technologies LP purchased a new stake in shares of ASGN during the fourth quarter worth about $299,000. 95.36% of the stock is currently owned by institutional investors.

ASGN Company Profile

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.