ASGN Incorporated (NYSE:EFOR) Stock Has Average Price Target of $31.50

Shares of ASGN Incorporated (NYSE:EFOR) have been assigned an average recommendation of “Reduce” from the eight research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $31.50.

Several equities analysts have commented on the stock. Truist Financial boosted their price target on shares of ASGN from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. Wells Fargo & Company cut their price objective on ASGN from $33.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Zacks Research cut ASGN from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. BMO Capital Markets lifted their target price on ASGN from $30.00 to $41.00 and gave the company a “market perform” rating in a report on Friday, October 9th. Finally, Weiss Ratings raised ASGN from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, September 28th.

Institutional Trading of ASGN

A hedge fund recently raised its stake in ASGN stock. SG Americas Securities LLC boosted its position in shares of ASGN Incorporated (NYSE:EFOR) by 68.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,386 shares of the company’s stock after acquiring an additional 27,903 shares during the period. SG Americas Securities LLC owned about 0.17% of ASGN worth $2,647,000 as of its most recent SEC filing. Institutional investors and hedge funds own 95.36% of the company’s stock.

ASGN Stock Performance

Shares of EFOR traded up $2.66 during mid-day trading on Friday, hitting $43.66. 848,941 shares of the company’s stock were exchanged, compared to its average volume of 608,715. The company has a market capitalization of $1.79 billion, a P/E ratio of 22.51 and a beta of 0.48. ASGN has a fifty-two week low of $16.90 and a fifty-two week high of $54.94. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.13 and a current ratio of 2.13. The company has a 50-day moving average of $34.06.

ASGN (NYSE:EFOR) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.91 earnings per share 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 firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $983.00 million. During the same quarter in the previous year, the business posted $1.17 earnings per share. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. As a group, equities research analysts anticipate that ASGN will post 3.60 EPS for the current year.

About ASGN

ASGN Incorporated is a provider of information technology and professional services to commercial and government organizations. The company helps clients address digital transformation, cloud modernization, cybersecurity, data and analytics, application development, and other technology needs.

ASGN delivers these services through consulting, project-based solutions, and professional staffing. Its government segment provides technology, engineering, and mission-support services to U.S. federal agencies, while its commercial segment serves businesses across industries including healthcare, financial services, communications, and manufacturing.

The company traces its origins to 1985, when it was established as On Assignment, and expanded its government-services capabilities through the acquisition of ECS Federal in 2018.