ASGN (NYSE:EFOR) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of ASGN (NYSE:EFOR) from a strong sell rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company reduced their target price on shares of ASGN from $54.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 23rd. Robert W. Baird dropped their price target on shares of ASGN from $62.00 to $38.00 and set a “neutral” rating 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 cut their price target for the stock from $60.00 to $33.00 in a report on Thursday, April 23rd. Jefferies Financial Group raised shares of ASGN from an “underperform” rating to a “hold” rating and reduced their price target for the company from $28.00 to $22.00 in a research report on Friday, May 29th. Finally, Wall Street Zen cut ASGN from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Six equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $29.33.

ASGN Stock Up 1.9%

Shares of EFOR opened at $17.96 on Monday. ASGN has a 52-week low of $16.90 and a 52-week high of $60.75. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a market capitalization of $738.16 million, a price-to-earnings ratio of 7.95 and a beta of 0.49.

ASGN (NYSE:EFOR) last announced 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 firm had revenue of $968.30 million for the quarter. During the same quarter last year, the firm posted $0.92 earnings per share. The company’s 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, research analysts predict that ASGN will post 3.39 EPS for the current fiscal year.

Insider Activity

In other ASGN news, Director Brian J. Callaghan acquired 5,121 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was purchased at an average cost of $20.27 per share, with a total value of $103,802.67. Following the transaction, the director owned 328,950 shares of the company’s stock, valued at $6,667,816.50. This trade represents a 1.58% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Theodore S. Hanson acquired 51,965 shares of ASGN stock in a transaction that occurred on Friday, April 24th. The stock was bought at an average price of $19.24 per share, for a total transaction of $999,806.60. Following the completion of the acquisition, the chief executive officer owned 376,843 shares in the company, valued at $7,250,459.32. This trade represents a 16.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 91,375 shares of company stock worth $1,770,367. 14.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ASGN

Institutional investors have recently made changes to their positions in the stock. Reinhart Partners LLC. raised its stake in shares of ASGN by 12.5% in the 4th quarter. Reinhart Partners LLC. now owns 1,206,940 shares of the company’s stock valued at $58,139,000 after acquiring an additional 134,513 shares during the period. New South Capital Management Inc. boosted its position in shares of ASGN by 39.2% during the 4th quarter. New South Capital Management Inc. now owns 635,011 shares of the company’s stock worth $30,588,000 after purchasing an additional 178,895 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of ASGN during the 3rd quarter worth approximately $8,030,000. Congress Asset Management Co. increased its holdings in ASGN by 3.6% in the 4th quarter. Congress Asset Management Co. now owns 88,901 shares of the company’s stock valued at $4,282,000 after purchasing an additional 3,048 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in ASGN by 68.9% in the 1st quarter. SG Americas Securities LLC now owns 68,386 shares of the company’s stock valued at $2,647,000 after purchasing an additional 27,903 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

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.