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

ASGN (NYSE:EFOR) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other analysts have also issued reports on EFOR. Robert W. Baird lowered their target price on ASGN from $62.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Truist Financial downgraded 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 research note on Thursday, April 23rd. Weiss Ratings lowered ASGN from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. BMO Capital Markets cut ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 price objective on the stock. in a research note on Thursday, April 23rd. Finally, Wall Street Zen downgraded shares of ASGN from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Six analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $29.33.

ASGN Stock Performance

Shares of EFOR stock opened at $17.96 on Monday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.82. The company has a market cap of $738.16 million, a PE ratio of 7.95 and a beta of 0.49. ASGN has a 12-month low of $16.90 and a 12-month high of $60.75.

ASGN (NYSE:EFOR) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $0.69 EPS 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 during the quarter. During the same quarter last year, the firm posted $0.92 EPS. The company’s revenue was up .0% compared to the same quarter last year. ASGN has set its Q2 2026 guidance at 0.720-0.900 EPS. On average, sell-side analysts forecast that ASGN will post 3.39 EPS for the current year.

Insider Buying and Selling at ASGN

In related news, Director Brian J. Callaghan purchased 5,121 shares of ASGN stock in a transaction dated Monday, April 27th. The stock was bought at an average cost of $20.27 per share, for a total transaction of $103,802.67. Following the completion of the transaction, the director owned 328,950 shares in the company, valued at $6,667,816.50. This trade represents a 1.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Theodore S. Hanson acquired 51,965 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were bought at an average price of $19.24 per share, for a total transaction of $999,806.60. Following the completion of the purchase, 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. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 91,375 shares of company stock worth $1,770,367. Company insiders own 14.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EFOR. EverSource Wealth Advisors LLC grew its holdings in ASGN by 85.3% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 543 shares of the company’s stock valued at $26,000 after buying an additional 250 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of ASGN by 97.8% in the fourth quarter. GAMMA Investing LLC now owns 542 shares of the company’s stock worth $26,000 after buying an additional 268 shares in the last quarter. Rothschild Investment LLC boosted its position in shares of ASGN by 119.0% in the fourth quarter. Rothschild Investment LLC now owns 1,014 shares of the company’s stock valued at $49,000 after acquiring an additional 551 shares during the period. Torren Management LLC purchased a new position in ASGN during the fourth quarter valued at approximately $34,000. Finally, Parallel Advisors LLC grew its stake in ASGN by 190.8% during the fourth quarter. Parallel Advisors LLC now owns 1,390 shares of the company’s stock valued at $67,000 after acquiring an additional 912 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.

About ASGN

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.