ASGN (NYSE:ASGN) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of ASGN (NYSE:ASGNGet Rating) from a hold rating to a buy rating in a research report sent to investors on Monday morning, Zacks.com reports. They currently have $110.00 price objective on the business services provider’s stock.

According to Zacks, “ASGN Incorporated provides IT and professional services in the technology, digital, creative, engineering and life sciences fields across commercial and government sectors. Operating through its Apex, Oxford and ECS segments, ASGN helps corporate enterprises and government organizations develop, implement, and operate critical IT and business solutions through its integrated offering of professional staffing and IT solutions. “

Several other analysts have also recently commented on ASGN. StockNews.com assumed coverage on shares of ASGN in a research note on Thursday, March 31st. They issued a buy rating for the company. TheStreet upgraded shares of ASGN from a c+ rating to a b rating in a research report on Thursday, May 12th. Finally, Bank of America assumed coverage on shares of ASGN in a research report on Friday, March 11th. They set a buy rating for the company. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, ASGN currently has an average rating of Hold and a consensus price target of $120.00.

Shares of NYSE ASGN opened at $94.00 on Monday. The company has a quick ratio of 1.14, a current ratio of 2.99 and a debt-to-equity ratio of 0.55. ASGN has a 52 week low of $90.96 and a 52 week high of $131.89. The firm has a 50-day moving average price of $112.22 and a 200 day moving average price of $115.80. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 0.99 and a beta of 1.89.

ASGN (NYSE:ASGNGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The business services provider reported $1.57 EPS for the quarter, beating the consensus estimate of $1.37 by $0.20. ASGN had a net margin of 10.21% and a return on equity of 17.55%. During the same period in the previous year, the business earned $1.15 earnings per share. Equities research analysts expect that ASGN will post 6.46 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Crossmark Global Holdings Inc. raised its position in shares of ASGN by 2.2% in the first quarter. Crossmark Global Holdings Inc. now owns 4,590 shares of the business services provider’s stock valued at $536,000 after buying an additional 100 shares during the last quarter. FDx Advisors Inc. grew its holdings in ASGN by 5.1% in the first quarter. FDx Advisors Inc. now owns 4,459 shares of the business services provider’s stock valued at $520,000 after purchasing an additional 217 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in ASGN by 24.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 2,326 shares of the business services provider’s stock valued at $264,000 after purchasing an additional 450 shares during the period. Argent Capital Management LLC grew its holdings in ASGN by 18.1% in the first quarter. Argent Capital Management LLC now owns 8,773 shares of the business services provider’s stock valued at $1,024,000 after purchasing an additional 1,342 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in ASGN by 9.9% in the first quarter. Russell Investments Group Ltd. now owns 18,840 shares of the business services provider’s stock valued at $2,196,000 after purchasing an additional 1,697 shares during the period. 94.33% of the stock is owned by institutional investors and hedge funds.

About ASGN (Get Rating)

ASGN Incorporated provides information technology services and professional solutions in the technology, digital, and creative fields for commercial and government sectors in the United States. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to Fortune 1000 and mid-market clients.

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