ASGN (NYSE:EFOR) Given New $26.00 Price Target at Wells Fargo & Company

ASGN (NYSE:EFOR) had its price target reduced by Wells Fargo & Company from $33.00 to $26.00 in a research note released on Thursday,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group raised ASGN from an “underperform” rating to a “hold” rating and lowered their target price for the stock from $28.00 to $22.00 in a report on Friday, May 29th. Weiss Ratings lowered ASGN from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Truist Financial upgraded ASGN from a “hold” rating to a “buy” rating and boosted their price target for the stock from $33.00 to $36.00 in a report on Wednesday, July 22nd. BMO Capital Markets downgraded ASGN from an “outperform” rating to a “market perform” rating and set a $33.00 price objective for the company. in a research note on Thursday, April 23rd. Finally, Robert W. Baird dropped their price objective on shares of ASGN from $62.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $28.67.

ASGN Price Performance

Shares of ASGN stock opened at $27.49 on Thursday. ASGN has a fifty-two week low of $16.90 and a fifty-two week high of $54.94. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 14.17 and a beta of 0.52. The company has a 50 day moving average of $19.69.

ASGN (NYSE:EFOR) last posted its earnings results on Wednesday, July 29th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $983.00 million. ASGN had a net margin of 2.09% and a return on equity of 9.53%. The company’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. On average, analysts expect that ASGN will post 3.39 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in shares of ASGN by 97.8% in the fourth quarter. GAMMA Investing LLC now owns 542 shares of the company’s stock valued at $26,000 after buying an additional 268 shares during the period. Torren Management LLC acquired a new position in shares of ASGN in the fourth quarter worth approximately $34,000. Rothschild Investment LLC lifted its stake in shares of 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 acquiring an additional 551 shares during the period. Parallel Advisors LLC boosted its holdings in ASGN by 190.8% in the fourth quarter. Parallel Advisors LLC now owns 1,390 shares of the company’s stock valued at $67,000 after acquiring an additional 912 shares during the last quarter. Finally, Seizert Capital Partners LLC bought a new stake in ASGN in the fourth quarter valued at approximately $245,000. 95.36% of the stock is owned by institutional investors and hedge funds.

ASGN News Summary

Here are the key news stories impacting ASGN this week:

• Positive Sentiment: Second-quarter earnings and revenue exceeded expectations. ASGN reported adjusted EPS of $0.91, above the $0.81–$0.82 analyst consensus, while revenue reached approximately $1.01 billion versus estimates near $983 million–$987 million. ASGN Second Quarter 2026 Results
• Positive Sentiment: Cash generation and profitability provided additional support. The company reported $14.2 million in net income, $96.7 million in adjusted EBITDA, $52.2 million in operating cash flow and $46.3 million in free cash flow. ASGN also repurchased approximately 0.4 million shares. ASGN Second Quarter 2026 Results
• Neutral Sentiment: Third-quarter guidance was broadly in line with expectations. ASGN forecast EPS of $0.92 to $1.10, compared with the analyst consensus of $1.00. The midpoint is slightly above expectations, but the wide range signals continued uncertainty. ASGN Earnings Report and Conference Call
• Negative Sentiment: Year-over-year performance weakened. Revenue declined 1.3% from the prior-year quarter, while EPS fell from $1.17 to $0.91, indicating pressure on growth and earnings comparisons. ASGN Q2 Earnings and Revenue Results
• Negative Sentiment: Wells Fargo became more cautious. The firm cut its price target from $33 to $26 and assigned an “equal weight” rating, implying limited upside from the referenced trading level. Wells Fargo ASGN Price Target Update

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.