Shares of ASGN Incorporated (NYSE:ASGN) have received an average recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $63.71.
ASGN has been the subject of a number of recent analyst reports. SunTrust Banks raised their price objective on ASGN from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Zacks Investment Research cut shares of ASGN from a “buy” rating to a “hold” rating in a research report on Wednesday, November 4th. ValuEngine upgraded shares of ASGN from a “sell” rating to a “hold” rating in a research note on Friday, October 30th. Finally, Credit Suisse Group upped their price target on shares of ASGN from $50.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th.
Shares of NYSE ASGN opened at $79.60 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.40 and a current ratio of 2.40. The stock has a 50 day moving average price of $71.92 and a 200 day moving average price of $66.89. The stock has a market capitalization of $4.21 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 2.42 and a beta of 2.27. ASGN has a 52 week low of $29.04 and a 52 week high of $85.65.
In other news, CEO Theodore S. Hanson sold 11,700 shares of ASGN stock in a transaction on Wednesday, November 18th. The stock was sold at an average price of $83.63, for a total value of $978,471.00. Following the transaction, the chief executive officer now owns 299,608 shares in the company, valued at approximately $25,056,217.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Theodore S. Hanson sold 22,324 shares of ASGN stock in a transaction on Friday, November 20th. The shares were sold at an average price of $79.22, for a total value of $1,768,507.28. Following the completion of the transaction, the chief executive officer now owns 299,608 shares in the company, valued at approximately $23,734,945.76. The disclosure for this sale can be found here. Insiders sold 37,545 shares of company stock worth $3,044,714 in the last 90 days. 3.90% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of ASGN. Harbor Investment Advisory LLC increased its position in ASGN by 107.6% during the 3rd quarter. Harbor Investment Advisory LLC now owns 571 shares of the business services provider’s stock worth $36,000 after purchasing an additional 296 shares in the last quarter. Advisor Group Holdings Inc. lifted its stake in shares of ASGN by 45.8% in the 2nd quarter. Advisor Group Holdings Inc. now owns 605 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 190 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of ASGN during the 2nd quarter valued at $135,000. Islay Capital Management LLC acquired a new position in ASGN in the 2nd quarter worth about $146,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of ASGN by 89.1% during the third quarter. Nisa Investment Advisors LLC now owns 2,440 shares of the business services provider’s stock valued at $155,000 after purchasing an additional 1,150 shares in the last quarter. Institutional investors own 81.59% of the company’s stock.
ASGN Company Profile
ASGN Incorporated provides professional staffing and IT solutions 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. The Apex segment offers technology, digital, creative, scientific, and engineering professionals for contract, contract-to-hire, and permanent placement positions to Fortune 1000 and mid-market clients.
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