ASGN (NYSE:EFOR – Get Free Report) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.
Other analysts also recently issued research reports about the stock. Truist Financial raised shares of ASGN from a “hold” rating to a “buy” rating and increased their price objective for the company from $33.00 to $36.00 in a research report on Wednesday, July 22nd. Wells Fargo & Company reduced their target price on shares of ASGN from $33.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of ASGN from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $28.67.
Read Our Latest Research Report on EFOR
ASGN Price Performance
ASGN (NYSE:EFOR – Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $983.00 million. ASGN had a return on equity of 9.54% and a net margin of 2.09%.The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 earnings per share. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. On average, research analysts anticipate that ASGN will post 3.6 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Reinhart Partners LLC. increased 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 worth $58,139,000 after purchasing an additional 134,513 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of ASGN by 68.9% during the first 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 during the last quarter. Finally, Rothschild Investment LLC grew its stake in ASGN by 119.0% in the fourth quarter. Rothschild Investment LLC now owns 1,014 shares of the company’s stock worth $49,000 after purchasing an additional 551 shares in the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.
ASGN Company Profile
ASGN Incorporated is a provider of information technology services and professional staffing solutions. The company helps businesses and government organizations address technology, digital transformation and workforce needs through consulting, engineering, application development, cybersecurity, cloud and infrastructure services, as well as the placement of skilled information technology and professional personnel.
ASGN operates through commercial and federal government businesses. Its commercial operations serve companies across industries with IT consulting, managed services and talent solutions, while its federal government business supports U.S.
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