Brokerages Set ASGN Incorporated (NYSE:EFOR) Price Target at $35.67

ASGN Incorporated (NYSE:EFOR) has earned a consensus recommendation of “Reduce” from the eight ratings firms that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $32.6667.

EFOR has been the subject of a number of recent analyst reports. Truist Financial lowered shares of ASGN from a “buy” rating to a “hold” rating and reduced their price target for the company from $60.00 to $33.00 in a research report on Thursday, April 23rd. Robert W. Baird reduced their price target on shares of ASGN from $62.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Weiss Ratings lowered shares of ASGN from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Wall Street Zen lowered shares of ASGN from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Finally, UBS Group reduced their price target on shares of ASGN from $35.00 to $17.00 and set a “sell” rating for the company in a research report on Friday.

Insider Activity

In other news, Director Brian J. Callaghan purchased 5,121 shares of ASGN stock in a transaction dated Monday, April 27th. The stock was purchased at an average cost of $20.27 per share, for a total transaction of $103,802.67. Following the transaction, the director directly owned 328,950 shares of the company’s stock, valued at approximately $6,667,816.50. This trade represents a 1.58% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maria R. Hawthorne acquired 5,136 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were bought at an average cost of $19.49 per share, with a total value of $100,100.64. Following the completion of the acquisition, the director directly owned 15,388 shares in the company, valued at $299,912.12. The trade was a 50.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 91,375 shares of company stock worth $1,770,367. Company insiders own 3.40% of the company’s stock.

Institutional Trading of ASGN

A number of hedge funds have recently made changes to their positions in EFOR. EverSource Wealth Advisors LLC lifted its holdings in shares of ASGN by 85.3% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 543 shares of the company’s stock worth $26,000 after acquiring an additional 250 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of ASGN by 97.8% during the 4th quarter. GAMMA Investing LLC now owns 542 shares of the company’s stock worth $26,000 after acquiring an additional 268 shares during the last quarter. Torren Management LLC bought a new stake in shares of ASGN during the 4th quarter worth $34,000. Rothschild Investment LLC lifted its holdings in shares of ASGN by 119.0% during the 4th quarter. Rothschild Investment LLC now owns 1,014 shares of the company’s stock worth $49,000 after acquiring an additional 551 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of ASGN by 190.8% during the 4th quarter. Parallel Advisors LLC now owns 1,390 shares of the company’s stock worth $67,000 after acquiring an additional 912 shares during the last quarter. 95.36% of the stock is owned by institutional investors.

ASGN Trading Up 1.4%

ASGN stock opened at $19.39 on Wednesday. ASGN has a 1-year low of $16.90 and a 1-year high of $60.75. The company has a market capitalization of $796.93 million, a P/E ratio of 8.58 and a beta of 0.46. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.82.

ASGN (NYSE:EFOR) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.28). The firm had revenue of $968.30 million for the quarter. ASGN had a net margin of 2.46% and a return on equity of 10.30%. ASGN’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 EPS. ASGN has set its Q2 2026 guidance at 0.720-0.900 EPS. Analysts anticipate that ASGN will post 3.39 earnings per share for the current fiscal year.

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.