Zacks Research Downgrades ASGN (NYSE:EFOR) to Hold

ASGN (NYSE:EFOR) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

Other research analysts have also issued research reports about the company. Truist Financial raised ASGN from a “hold” rating to a “buy” rating and increased their target price for the stock from $33.00 to $36.00 in a research report on Wednesday, July 22nd. Wells Fargo & Company cut their price target on shares of ASGN from $33.00 to $26.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded ASGN from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $28.67.

ASGN Price Performance

Shares of EFOR opened at $32.79 on Monday. The stock has a market capitalization of $1.34 billion, a P/E ratio of 16.90 and a beta of 0.46. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.13 and a quick ratio of 2.13. ASGN has a 1-year low of $16.90 and a 1-year high of $54.94. The company has a 50 day moving average of $30.59.

ASGN (NYSE:EFOR) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. ASGN had a net margin of 2.09% and a return on equity of 9.54%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $983.00 million. During the same quarter in the prior year, the company earned $1.17 EPS. The firm’s revenue was down 1.3% on a year-over-year basis. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. On average, equities analysts anticipate that ASGN will post 3.6 earnings per share for the current year.

Institutional Trading of ASGN

Hedge funds have recently made changes to their positions in the business. Rothschild Investment LLC lifted 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 purchasing an additional 551 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of ASGN by 68.9% in the first quarter. SG Americas Securities LLC now owns 68,386 shares of the company’s stock valued at $2,647,000 after acquiring an additional 27,903 shares in the last quarter. Finally, Reinhart Partners LLC. boosted its stake in shares of ASGN by 12.5% during the fourth quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the company’s stock valued at $58,139,000 after purchasing an additional 134,513 shares in the last quarter. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

About ASGN

ASGN Incorporated is a provider of information technology services and professional staffing solutions. The company helps businesses and government organizations address technology, digital transformation and workforce needs through consulting, engineering, application development, cybersecurity, cloud and infrastructure services, as well as the placement of skilled information technology and professional personnel.

ASGN operates through commercial and federal government businesses. Its commercial operations serve companies across industries with IT consulting, managed services and talent solutions, while its federal government business supports U.S.