Analysts Set ASGN Incorporated (NYSE:ASGN) PT at $96.40

ASGN Incorporated (NYSE:ASGN) has been given an average rating of “Moderate Buy” by the five analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $96.40.

ASGN has been the topic of several recent research reports. Truist Financial reduced their target price on shares of ASGN from $105.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. StockNews.com lowered shares of ASGN from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

ASGN Price Performance

ASGN opened at $56.96 on Tuesday. ASGN has a 1 year low of $55.95 and a 1 year high of $105.67. The company’s 50 day simple moving average is $65.38 and its 200 day simple moving average is $81.21. The stock has a market capitalization of $2.50 billion, a PE ratio of 14.83 and a beta of 1.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.25 and a current ratio of 2.25.

ASGN (NYSE:ASGN) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. ASGN had a return on equity of 13.22% and a net margin of 4.27%. As a group, sell-side analysts expect that ASGN will post 5.15 EPS for the current year.

Institutional Investors Weigh In On ASGN

Several hedge funds and other institutional investors have recently modified their holdings of ASGN. SG Americas Securities LLC bought a new stake in ASGN in the first quarter valued at about $396,000. GAMMA Investing LLC grew its position in shares of ASGN by 662.8% in the 1st quarter. GAMMA Investing LLC now owns 1,045 shares of the business services provider’s stock worth $66,000 after acquiring an additional 908 shares in the last quarter. Reinhart Partners LLC. increased its holdings in shares of ASGN by 13.4% in the 1st quarter. Reinhart Partners LLC. now owns 665,987 shares of the business services provider’s stock valued at $41,971,000 after acquiring an additional 78,794 shares during the last quarter. Pinebridge Investments L.P. raised its position in shares of ASGN by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 21,983 shares of the business services provider’s stock valued at $1,832,000 after acquiring an additional 6,576 shares in the last quarter. Finally, Cibc World Markets Corp bought a new position in ASGN during the fourth quarter worth $337,000. Institutional investors own 95.36% of the company’s stock.

About ASGN

ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.