Royal Bank of Canada set a $76.00 price target on ASGN (NYSE:ASGN) in a research report sent to investors on Friday morning, TipRanks reports. The firm currently has a buy rating on the business services provider’s stock.

Several other analysts also recently commented on the stock. Credit Suisse Group set a CHF 88 target price on shares of Novartis and gave the company a neutral rating in a report on Tuesday, May 28th. SunTrust Banks reiterated a buy rating and issued a $185.00 target price on shares of Expedia Group in a report on Thursday. Finally, ValuEngine upgraded shares of YY from a sell rating to a hold rating in a report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of Buy and an average target price of $74.00.

Shares of NYSE:ASGN traded down $0.68 during midday trading on Friday, hitting $62.95. The stock had a trading volume of 1,661 shares, compared to its average volume of 324,278. The stock has a 50-day moving average price of $58.67. The company has a market capitalization of $3.36 billion, a P/E ratio of 14.37, a P/E/G ratio of 1.52 and a beta of 2.05. The company has a quick ratio of 2.20, a current ratio of 2.14 and a debt-to-equity ratio of 0.80. ASGN has a fifty-two week low of $50.33 and a fifty-two week high of $94.25.

ASGN (NYSE:ASGN) last issued its earnings results on Wednesday, July 24th. The business services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.09). The firm had revenue of $972.30 million during the quarter, compared to analyst estimates of $972.24 million. ASGN had a net margin of 4.64% and a return on equity of 19.56%. ASGN’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.11 earnings per share. As a group, equities research analysts expect that ASGN will post 4.58 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. raised its holdings in ASGN by 16.8% during the 1st quarter. First Mercantile Trust Co. now owns 1,250 shares of the business services provider’s stock valued at $79,000 after buying an additional 180 shares during the period. Advisor Group Inc. lifted its holdings in shares of ASGN by 12.7% during the fourth quarter. Advisor Group Inc. now owns 2,256 shares of the business services provider’s stock worth $123,000 after purchasing an additional 255 shares during the period. Fox Run Management L.L.C. purchased a new position in ASGN during the second quarter valued at approximately $210,000. CAPROCK Group Inc. acquired a new stake in shares of ASGN in the first quarter worth approximately $224,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of ASGN by 32.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,247 shares of the business services provider’s stock worth $231,000 after acquiring an additional 1,033 shares during the last quarter. Institutional investors and hedge funds own 90.38% of the company’s stock.

ASGN Company Profile

ASGN Incorporated provides information technology (IT) and professional staffing services in the technology, digital, creative, engineering, and life sciences fields across commercial and government sectors in the United States and internationally. The company operates through Apex, Oxford, and ECS segments.

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Analyst Recommendations for ASGN (NYSE:ASGN)

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