ASGN (NYSE:EFOR) Stock Gets Price Target Increase from Truist Financial

ASGN (NYSE:EFOR) had its price objective upped by research analysts at Truist Financial from $36.00 to $45.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective indicates a potential upside of 20.16% from the stock’s current price.

Several other research analysts have also issued reports on the stock. Wells Fargo & Company cut their target price on shares of ASGN from $33.00 to $26.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Zacks Research cut ASGN from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Finally, Weiss Ratings upgraded ASGN from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $30.17.

ASGN Stock Performance

ASGN stock traded up $1.52 during mid-day trading on Friday, hitting $37.45. 116,486 shares of the company traded hands, compared to its average volume of 975,621. ASGN has a one year low of $16.90 and a one year high of $54.94. The firm has a market capitalization of $1.54 billion, a PE ratio of 19.30 and a beta of 0.48. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.80. The business’s fifty day moving average price is $32.40.

ASGN (NYSE:EFOR) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.91 EPS 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 analyst estimates of $983.00 million. ASGN had a net margin of 2.09% and a return on equity of 9.54%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 EPS. ASGN has set its Q3 2026 guidance at 0.920-1.100 EPS. Sell-side analysts predict that ASGN will post 3.6 EPS for the current year.

Institutional Trading of ASGN

A hedge fund recently raised its position in ASGN stock. SG Americas Securities LLC lifted its stake in ASGN Incorporated (NYSE:EFOR) by 68.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,386 shares of the company’s stock after buying an additional 27,903 shares during the period. SG Americas Securities LLC owned approximately 0.17% of ASGN worth $2,647,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 95.36% of the company’s stock.

ASGN Company Profile

ASGN Incorporated is a provider of IT services and professional workforce solutions. The company helps organizations address technology and business needs through consulting, project-based services, and the placement of highly skilled professionals.

Its service offerings include digital transformation, application modernization, cloud and infrastructure services, cybersecurity, data and analytics, artificial intelligence, and enterprise technology consulting. ASGN also provides technical and professional staffing services, supplying specialists in areas such as information technology, engineering, healthcare, and other business disciplines.

ASGN serves commercial and government organizations, with operations focused primarily on the United States and additional activity in Canada.