On Assignment (ASGN) PT Raised to $85.00 at Deutsche Bank

On Assignment (NYSE:ASGN) had its price target hoisted by stock analysts at Deutsche Bank from $75.00 to $85.00 in a note issued to investors on Thursday. The firm currently has a “buy” rating on the business services provider’s stock. Deutsche Bank’s price target points to a potential upside of 14.82% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. William Blair reissued an “outperform” rating on shares of On Assignment in a research note on Thursday. ValuEngine raised On Assignment from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Wells Fargo & Co increased their target price on On Assignment from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. BMO Capital Markets upped their price target on On Assignment from $73.00 to $82.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, SunTrust Banks upped their price target on On Assignment to $88.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $76.43.

Shares of On Assignment (NYSE:ASGN) traded down $0.23 during mid-day trading on Thursday, hitting $74.03. The stock had a trading volume of 62,715 shares, compared to its average volume of 294,653. The stock has a market cap of $3,789.29, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 2.01 and a beta of 2.11. On Assignment has a fifty-two week low of $44.66 and a fifty-two week high of $77.68. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.66.

On Assignment (NYSE:ASGN) last issued its earnings results on Wednesday, February 14th. The business services provider reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.68. The business had revenue of $679.04 million during the quarter, compared to the consensus estimate of $671.35 million. On Assignment had a return on equity of 16.87% and a net margin of 4.45%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 EPS. analysts expect that On Assignment will post 2.97 earnings per share for the current year.

In other On Assignment news, SVP Jennifer Hankes Painter sold 3,500 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $63.06, for a total transaction of $220,710.00. Following the sale, the senior vice president now owns 10,667 shares in the company, valued at approximately $672,661.02. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brian J. Callaghan sold 20,250 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $64.00, for a total value of $1,296,000.00. Following the sale, the director now owns 392,930 shares in the company, valued at approximately $25,147,520. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,915 shares of company stock worth $1,528,095. Insiders own 5.40% of the company’s stock.

Large investors have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado acquired a new stake in On Assignment during the 4th quarter valued at $192,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in On Assignment by 38.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,099 shares of the business services provider’s stock valued at $199,000 after buying an additional 857 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in On Assignment during the 4th quarter valued at $217,000. M&T Bank Corp acquired a new stake in On Assignment during the 4th quarter valued at $218,000. Finally, Keybank National Association OH acquired a new stake in On Assignment during the 4th quarter valued at $225,000. Hedge funds and other institutional investors own 91.85% of the company’s stock.

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About On Assignment

On Assignment, Inc is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments.

Analyst Recommendations for On Assignment (NYSE:ASGN)

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