Shares of ASGN Incorporated (NYSE:EFOR – Get Free Report) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $28.6667.
Several research firms have commented on EFOR. Wells Fargo & Company reduced their price objective on ASGN from $33.00 to $26.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. BMO Capital Markets downgraded ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 price target on the stock. in a research report on Thursday, April 23rd. Weiss Ratings restated a “sell (d)” rating on shares of ASGN in a research note on Monday. Jefferies Financial Group upgraded ASGN from an “underperform” rating to a “hold” rating and decreased their price objective for the company from $28.00 to $22.00 in a report on Friday, May 29th. Finally, Zacks Research raised shares of ASGN from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th.
Get Our Latest Stock Report on ASGN
ASGN Price Performance
ASGN (NYSE:EFOR – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. ASGN had a net margin of 2.09% and a return on equity of 9.54%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $983.00 million. During the same period in the prior year, the firm earned $1.17 EPS. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. On average, equities analysts anticipate that ASGN will post 3.6 earnings per share for the current fiscal year.
Institutional Investors Weigh In On ASGN
Several hedge funds have recently modified their holdings of the business. New South Capital Management Inc. raised its stake in ASGN by 39.2% in the fourth quarter. New South Capital Management Inc. now owns 635,011 shares of the company’s stock valued at $30,588,000 after buying an additional 178,895 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of ASGN during the third quarter valued at about $8,030,000. Reinhart Partners LLC. raised its position 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 purchasing an additional 134,513 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of ASGN by 106.4% in the 4th quarter. Russell Investments Group Ltd. now owns 62,934 shares of the company’s stock valued at $3,032,000 after purchasing an additional 32,437 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in ASGN by 68.9% in the 1st quarter. SG Americas Securities LLC now owns 68,386 shares of the company’s stock worth $2,647,000 after purchasing an additional 27,903 shares in the last quarter. Hedge funds and other 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.
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