ASGN (NYSE:ASGN) Lowered to Market Perform Rating by BMO Capital Markets

BMO Capital Markets cut shares of ASGN (NYSE:ASGN) from an outperform rating to a market perform rating in a report released on Thursday morning, Marketbeat reports. The brokerage currently has $33.00 price target on the business services provider’s stock.

A number of other research firms have also commented on ASGN. Truist Financial lowered shares of ASGN from a “buy” rating to a “hold” rating and reduced their price objective for the company from $60.00 to $33.00 in a research note on Thursday. Robert W. Baird set a $62.00 target price on ASGN in a research note on Thursday, February 5th. Wells Fargo & Company lifted their target price on ASGN from $49.00 to $54.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. Wall Street Zen cut ASGN from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of ASGN in a research note on Monday. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, ASGN has an average rating of “Reduce” and an average price target of $38.43.

ASGN Price Performance

ASGN stock opened at $19.46 on Thursday. 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 one year low of $19.31 and a one year high of $60.75. The firm has a market capitalization of $803.49 million, a PE ratio of 8.61 and a beta of 0.89. The firm has a 50-day moving average of $39.12 and a two-hundred day moving average of $44.41.

ASGN (NYSE:ASGN) last posted its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.29). ASGN had a net margin of 2.46% and a return on equity of 10.26%. The firm had revenue of $968.30 million for the quarter, compared to analysts’ expectations of $970.48 million. During the same period in the prior year, the company posted $0.92 earnings per share. ASGN’s quarterly revenue was up .0% compared to the same quarter last year. ASGN has set its Q2 2026 guidance at 0.720-0.900 EPS. On average, analysts forecast that ASGN will post 5.03 earnings per share for the current year.

Hedge Funds Weigh In On ASGN

Several institutional investors and hedge funds have recently bought and sold shares of ASGN. SG Americas Securities LLC grew its stake in ASGN by 1,376.9% during the 3rd quarter. SG Americas Securities LLC now owns 73,224 shares of the business services provider’s stock valued at $3,467,000 after acquiring an additional 68,266 shares in the last quarter. Reinhart Partners LLC. grew its stake in ASGN by 5.2% during the 3rd quarter. Reinhart Partners LLC. now owns 1,072,427 shares of the business services provider’s stock valued at $50,780,000 after acquiring an additional 53,021 shares in the last quarter. TradeLink Capital LLC acquired a new stake in shares of ASGN during the 3rd quarter valued at about $259,000. SummerHaven Investment Management LLC acquired a new stake in shares of ASGN during the 3rd quarter valued at about $797,000. Finally, LRI Investments LLC lifted its holdings in shares of ASGN by 761.9% during the 3rd quarter. LRI Investments LLC now owns 1,741 shares of the business services provider’s stock valued at $82,000 after buying an additional 1,539 shares during the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

ASGN News Roundup

Here are the key news stories impacting ASGN this week:

• Positive Sentiment: Q1 revenue largely in line with expectations and sizable government business provide some revenue visibility — ASGN reported Q1 revenue of $968.3M (roughly in line with estimates), and the company still shows meaningful government contract awards that support backlog/recurring demand. ASGN Incorporated Reports First Quarter 2026 Results
• Neutral Sentiment: Corporate transition and ticker change (to Everforth / EFOR) may be driving technical trading and repositioning by funds ahead of the rebrand, which can exacerbate volatility separate from fundamentals. ASGN sinks 50.7% as profit outlook resets after Q1 margin compression and weak Q2 guidance
• Negative Sentiment: Earnings miss and margin pressure — ASGN reported Q1 EPS $0.69 vs. consensus $0.98 and adjusted EBITDA margin fell to ~8.6%. Management cited lower contribution from higher‑margin solutions and FX impacts, signaling erosion in profitability. ASGN Inc (ASGN) Q1 Earnings and Revenues Lag Estimates
• Negative Sentiment: Weaker Q2 guidance — Management set Q2 EPS guidance of $0.72–$0.90 (vs. consensus ~$1.28) and guided adjusted EBITDA margin ~8.8%–9.5%, implying continued near‑term earnings pressure and a reset to investor expectations. Everforth transition continues as management forecasts Q2 revenue of $970M-$1B and adjusted EBITDA margin of 8.8%-9.5%
• Negative Sentiment: Analyst downgrades and price‑target cuts — Multiple firms (Truist, BMO, Baird, Wells Fargo adjustments reported) moved ratings/targets lower after the print, increasing sell pressure and reducing broker support. ASGN tumbles 35% after Truist cuts rating following Q1 miss
• Negative Sentiment: Shareholder litigation risk and heavy insider/institutional repositioning — A law firm investigation into potential claims was announced and filings show sizable institutional selling and rebalancing, which can prolong volatility and downside. ASGN Incorporated Shareholders Are Encouraged to Reach Out to Johnson Fistel

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.