Zacks Research upgraded shares of ASGN (NYSE:EFOR – Free Report) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.
A number of other brokerages have also recently weighed in on EFOR. BMO Capital Markets cut ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 price target on the stock. in a research note on Thursday, April 23rd. UBS Group reduced their price objective on shares of ASGN from $35.00 to $17.00 and set a “sell” rating for the company in a research note on Friday, May 22nd. Jefferies Financial Group upgraded shares of ASGN from an “underperform” rating to a “hold” rating and decreased their target price for the stock from $28.00 to $22.00 in a report on Friday, May 29th. Weiss Ratings downgraded shares of ASGN from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Finally, Robert W. Baird cut their price target on shares of ASGN from $62.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $28.67.
ASGN Stock Performance
ASGN (NYSE:EFOR – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $983.00 million. ASGN had a return on equity of 9.54% and a net margin of 2.09%.The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 EPS. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. As a group, research analysts forecast that ASGN will post 3.6 EPS for the current fiscal year.
Institutional Investors Weigh In On ASGN
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EFOR. Torren Management LLC bought a new stake in shares of ASGN in the 4th quarter valued at approximately $34,000. Rothschild Investment LLC raised its stake in shares of ASGN by 119.0% in the 4th quarter. Rothschild Investment LLC now owns 1,014 shares of the company’s stock valued at $49,000 after acquiring an additional 551 shares in the last quarter. Parallel Advisors LLC grew its holdings in ASGN by 190.8% during the fourth quarter. Parallel Advisors LLC now owns 1,390 shares of the company’s stock valued at $67,000 after purchasing an additional 912 shares during the last quarter. Seizert Capital Partners LLC acquired a new position in ASGN during the fourth quarter valued at approximately $245,000. Finally, Horizon Investments LLC bought a new position in shares of ASGN in the third quarter valued at approximately $515,000. 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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