Wells Fargo & Company Issues Pessimistic Forecast for ASGN (NYSE:ASGN) Stock Price

ASGN (NYSE:ASGN) had its target price dropped by analysts at Wells Fargo & Company from $54.00 to $33.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 37.33% from the company’s previous close.

ASGN has been the topic of several other research reports. Wall Street Zen lowered shares of ASGN from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Weiss Ratings restated a “sell (d+)” rating on shares of ASGN in a report on Monday. Robert W. Baird dropped their target price on shares of ASGN from $62.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday. Truist Financial lowered shares of ASGN from a “buy” rating to a “hold” rating and dropped their price objective for the company from $60.00 to $33.00 in a report on Thursday. Finally, BMO Capital Markets lowered shares of ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 price objective on the stock. in a report on Thursday. Six equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $39.86.

ASGN Trading Down 40.6%

ASGN stock traded down $16.40 during midday trading on Thursday, hitting $24.03. The stock had a trading volume of 2,230,799 shares, compared to its average volume of 774,764. The firm has a market cap of $992.44 million, a P/E ratio of 9.27 and a beta of 0.89. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.65. ASGN has a 1-year low of $22.86 and a 1-year high of $60.75. The business has a fifty day moving average price of $39.57 and a two-hundred day moving average price of $44.59.

ASGN (NYSE:ASGN) last released its earnings results on Wednesday, April 22nd. The business services provider reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.29). The firm had revenue of $968.30 million during the quarter, compared to analyst estimates of $970.48 million. ASGN had a net margin of 2.85% and a return on equity of 10.94%. ASGN’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 EPS. ASGN has set its Q2 2026 guidance at 0.720-0.900 EPS. On average, sell-side analysts predict that ASGN will post 5.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ASGN

Institutional investors and hedge funds have recently made changes to their positions in the business. New South Capital Management Inc. raised its holdings in shares of ASGN by 46.0% in the 3rd quarter. New South Capital Management Inc. now owns 456,116 shares of the business services provider’s stock worth $21,597,000 after acquiring an additional 143,696 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of ASGN in the 3rd quarter worth about $8,030,000. Reinhart Partners LLC. raised its holdings in shares of ASGN by 5.2% in the 3rd quarter. Reinhart Partners LLC. now owns 1,072,427 shares of the business services provider’s stock worth $50,780,000 after acquiring an additional 53,021 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of ASGN by 1,376.9% in the 3rd quarter. SG Americas Securities LLC now owns 73,224 shares of the business services provider’s stock worth $3,467,000 after acquiring an additional 68,266 shares during the last quarter. Finally, SummerHaven Investment Management LLC acquired a new stake in shares of ASGN in the 3rd quarter worth about $797,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

ASGN News Roundup

Here are the key news stories impacting ASGN this week:

• Positive Sentiment: Q1 operational results showed profitability and cash generation: revenue of $968.3M, adjusted EBITDA $83.6M (8.6% margin), operating cash flow $18.5M and free cash flow $9.1M, indicating underlying cash conversion despite the headline miss. BusinessWire: Q1 Release
• Neutral Sentiment: Full earnings materials and the conference call transcript/slides are available for investors who want line-item detail and management commentary. Review the slides and transcript for segment trends and bookings color. Q1 Slide Deck Earnings Call Transcript
• Negative Sentiment: Earnings per share missed materially: GAAP EPS $0.69 vs. consensus ~$0.98, and revenue was essentially flat YoY — a clear EPS shortfall versus Street expectations. Zacks: EPS Miss
• Negative Sentiment: Q2 FY2026 EPS guidance was set at $0.72–$0.90, well below the consensus (~$1.28), signaling weaker near-term profitability and driving downward revisions. MarketBeat: Guidance Update
• Negative Sentiment: Analysts reacted quickly: BMO cut ASGN from Outperform to Market Perform (PT $33), Truist cut from Buy to Hold (PT $33), and Robert W. Baird cut its price target from $62 to $38 and to Neutral — consensus analyst tone is turning conservative, pressuring the stock. Benzinga: Downgrades TickerReport The Fly
• Negative Sentiment: Market reaction: unusually high volume accompanied a sharp share decline as investors priced in lower near-term earnings and repositioned after the analyst cuts. See market summary for intraday volume and trade details. MarketBeat: Stock Summary

About ASGN

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.