ASGN (NYSE:ASGN) Given New $51.00 Price Target at Wells Fargo & Company

ASGN (NYSE:ASGN) had its price objective raised by stock analysts at Wells Fargo & Company from $41.00 to $51.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 3.75% from the company’s current price.

ASGN has been the topic of several other reports. UBS Group cut their target price on ASGN from $47.00 to $45.00 and set a “sell” rating on the stock in a research report on Thursday, October 23rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ASGN in a research report on Wednesday, October 8th. BMO Capital Markets restated an “outperform” rating and set a $57.00 target price on shares of ASGN in a report on Wednesday, December 3rd. Finally, Truist Financial lowered their target price on ASGN from $65.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, November 21st. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $50.00.

ASGN Stock Performance

NYSE ASGN traded up $0.36 during trading on Wednesday, reaching $49.16. The company’s stock had a trading volume of 48,483 shares, compared to its average volume of 404,114. The business’s fifty day moving average price is $46.44 and its 200-day moving average price is $48.64. ASGN has a twelve month low of $39.25 and a twelve month high of $95.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 16.57 and a beta of 0.86.

ASGN (NYSE:ASGN) last released its quarterly earnings data on Wednesday, October 22nd. The business services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.09. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. ASGN had a return on equity of 11.42% and a net margin of 3.28%.ASGN’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the business posted $1.43 EPS. ASGN has set its Q4 2025 guidance at 1.120-1.200 EPS. As a group, analysts anticipate that ASGN will post 5.15 EPS for the current fiscal year.

Institutional Investors Weigh In On ASGN

Hedge funds have recently made changes to their positions in the company. Congress Asset Management Co. boosted its position in shares of ASGN by 3.6% in the 4th quarter. Congress Asset Management Co. now owns 88,901 shares of the business services provider’s stock worth $4,282,000 after purchasing an additional 3,048 shares during the last quarter. GAMMA Investing LLC raised its stake in ASGN by 97.8% in the fourth quarter. GAMMA Investing LLC now owns 542 shares of the business services provider’s stock valued at $26,000 after buying an additional 268 shares during the period. Tudor Investment Corp ET AL acquired a new stake in ASGN during the 3rd quarter worth approximately $8,030,000. Horizon Investments LLC bought a new position in ASGN during the third quarter worth about $515,000. Finally, Russell Investments Group Ltd. boosted its holdings in ASGN by 96.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 30,497 shares of the business services provider’s stock valued at $1,444,000 after purchasing an additional 15,011 shares during the period. Institutional investors and hedge funds own 95.36% of the company’s stock.

ASGN Company Profile

ASGN Incorporated (NYSE:ASGN) is a leading provider of specialized staffing and professional services, delivering tailored solutions across information technology, digital transformation, engineering and scientific disciplines. Through its diversified portfolio of brands, ASGN connects clients—ranging from life sciences and healthcare firms to technology enterprises and government agencies—with highly skilled consultants, project teams and permanent personnel. The company’s model emphasizes both temporary staffing and long-term consulting engagements to address complex talent and project needs.

ASGN’s service offerings are organized into two main business segments.