ASGN (NYSE:ASGN) Price Target Lowered to $38.00 at Robert W. Baird

ASGN (NYSE:ASGN) had its price objective cut by Robert W. Baird from $62.00 to $38.00 in a research note published on Thursday, MarketBeat reports. They currently have a neutral rating on the business services provider’s stock.

Other analysts have also recently issued reports about the company. Truist Financial cut ASGN from a “buy” rating to a “hold” rating and lowered their price objective for the company from $60.00 to $33.00 in a research report on Thursday. Wells Fargo & Company boosted their price objective on ASGN from $49.00 to $54.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of ASGN in a research report on Monday. Wall Street Zen cut ASGN from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Finally, BMO Capital Markets cut ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 price target on the stock. in a research report on Thursday. Six equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, ASGN presently has a consensus rating of “Reduce” and an average target price of $38.43.

ASGN Stock Performance

ASGN opened at $19.46 on Thursday. The stock has a market cap of $803.49 million, a PE ratio of 8.61 and a beta of 0.89. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.65. ASGN has a 1 year low of $19.31 and a 1 year high of $60.75. The stock’s 50 day simple moving average is $39.12 and its 200-day simple moving average is $44.41.

ASGN (NYSE:ASGN) last released its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.29). The firm had revenue of $968.30 million for the quarter, compared to the consensus estimate of $970.48 million. ASGN had a net margin of 2.46% and a return on equity of 10.26%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. ASGN has set its Q2 2026 guidance at 0.720-0.900 EPS. Sell-side analysts forecast that ASGN will post 5.03 EPS for the current year.

Institutional Trading of ASGN

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its position in ASGN by 85.3% in the third quarter. EverSource Wealth Advisors LLC now owns 543 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 250 shares during the period. GAMMA Investing LLC grew its position in ASGN by 97.8% in the fourth quarter. GAMMA Investing LLC now owns 542 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 268 shares during the period. Torren Management LLC acquired a new position in ASGN in the fourth quarter worth $34,000. Rothschild Investment LLC boosted its stake in ASGN by 119.0% in the fourth quarter. Rothschild Investment LLC now owns 1,014 shares of the business services provider’s stock worth $49,000 after purchasing an additional 551 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in ASGN by 190.8% in the fourth quarter. Parallel Advisors LLC now owns 1,390 shares of the business services provider’s stock worth $67,000 after purchasing an additional 912 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors.

Key ASGN News

Here are the key news stories impacting ASGN this week:

• Positive Sentiment: Q1 revenue largely in line with expectations and sizable government business provide some revenue visibility — ASGN reported Q1 revenue of $968.3M (roughly in line with estimates), and the company still shows meaningful government contract awards that support backlog/recurring demand. ASGN Incorporated Reports First Quarter 2026 Results
• Neutral Sentiment: Corporate transition and ticker change (to Everforth / EFOR) may be driving technical trading and repositioning by funds ahead of the rebrand, which can exacerbate volatility separate from fundamentals. ASGN sinks 50.7% as profit outlook resets after Q1 margin compression and weak Q2 guidance
• Negative Sentiment: Earnings miss and margin pressure — ASGN reported Q1 EPS $0.69 vs. consensus $0.98 and adjusted EBITDA margin fell to ~8.6%. Management cited lower contribution from higher‑margin solutions and FX impacts, signaling erosion in profitability. ASGN Inc (ASGN) Q1 Earnings and Revenues Lag Estimates
• Negative Sentiment: Weaker Q2 guidance — Management set Q2 EPS guidance of $0.72–$0.90 (vs. consensus ~$1.28) and guided adjusted EBITDA margin ~8.8%–9.5%, implying continued near‑term earnings pressure and a reset to investor expectations. Everforth transition continues as management forecasts Q2 revenue of $970M-$1B and adjusted EBITDA margin of 8.8%-9.5%
• Negative Sentiment: Analyst downgrades and price‑target cuts — Multiple firms (Truist, BMO, Baird, Wells Fargo adjustments reported) moved ratings/targets lower after the print, increasing sell pressure and reducing broker support. ASGN tumbles 35% after Truist cuts rating following Q1 miss
• Negative Sentiment: Shareholder litigation risk and heavy insider/institutional repositioning — A law firm investigation into potential claims was announced and filings show sizable institutional selling and rebalancing, which can prolong volatility and downside. ASGN Incorporated Shareholders Are Encouraged to Reach Out to Johnson Fistel

ASGN Company Profile

ASGN Incorporated (NYSE:ASGN) is a leading provider of specialized staffing and professional services, delivering tailored solutions across information technology, digital transformation, engineering and scientific disciplines. Through its diversified portfolio of brands, ASGN connects clients—ranging from life sciences and healthcare firms to technology enterprises and government agencies—with highly skilled consultants, project teams and permanent personnel. The company’s model emphasizes both temporary staffing and long-term consulting engagements to address complex talent and project needs.

ASGN’s service offerings are organized into two main business segments.