ASGN (NYSE:ASGN) Downgraded by ValuEngine

ASGN (NYSE:ASGN) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Friday, ValuEngine reports.

A number of other analysts also recently weighed in on ASGN. SunTrust Banks decreased their price target on ASGN to $84.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Royal Bank of Canada set a $76.00 price target on ASGN and gave the company a “buy” rating in a research note on Friday, July 26th. William Blair restated an “outperform” rating on shares of ASGN in a research note on Friday, September 20th. Finally, Zacks Investment Research downgraded ASGN from a “hold” rating to a “sell” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $72.75.

ASGN opened at $63.07 on Friday. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 1.45 and a beta of 1.94. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average is $61.97 and its two-hundred day moving average is $60.64. ASGN has a 52 week low of $50.33 and a 52 week high of $71.83.

ASGN (NYSE:ASGN) last released its earnings results on Wednesday, October 23rd. The business services provider reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.08. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $998.20 million. ASGN had a return on equity of 19.56% and a net margin of 4.64%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 earnings per share. Equities analysts expect that ASGN will post 4.59 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of ASGN. Municipal Employees Retirement System of Michigan boosted its position in ASGN by 1.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 9,740 shares of the business services provider’s stock worth $590,000 after purchasing an additional 170 shares in the last quarter. Private Capital Group LLC boosted its position in ASGN by 47.2% during the second quarter. Private Capital Group LLC now owns 802 shares of the business services provider’s stock worth $63,000 after purchasing an additional 257 shares in the last quarter. Miles Capital Inc. boosted its position in ASGN by 6.7% during the second quarter. Miles Capital Inc. now owns 4,608 shares of the business services provider’s stock worth $279,000 after purchasing an additional 288 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in ASGN by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 21,271 shares of the business services provider’s stock worth $1,289,000 after purchasing an additional 301 shares in the last quarter. Finally, FDx Advisors Inc. boosted its position in ASGN by 8.2% during the second quarter. FDx Advisors Inc. now owns 4,960 shares of the business services provider’s stock worth $301,000 after purchasing an additional 378 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

ASGN Company Profile

ASGN Incorporated provides information technology (IT) and professional staffing services in the technology, digital, creative, engineering, and life sciences fields across commercial and government sectors in the United States and internationally. The company operates through Apex, Oxford, and ECS segments.

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Analyst Recommendations for ASGN (NYSE:ASGN)

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