On Assignment, Inc. (NYSE:ASGN) has received an average recommendation of “Buy” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $77.83.
A number of equities research analysts have issued reports on ASGN shares. William Blair reissued an “outperform” rating on shares of On Assignment in a report on Thursday, February 15th. Wells Fargo boosted their target price on shares of On Assignment to $71.00 and gave the company an “outperform” rating in a report on Friday, December 29th. BMO Capital Markets boosted their target price on shares of On Assignment from $73.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Deutsche Bank boosted their target price on shares of On Assignment from $75.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, Zacks Investment Research raised shares of On Assignment from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Wednesday, April 4th.
On Assignment stock traded down $1.25 during trading on Friday, hitting $84.11. The stock had a trading volume of 336,777 shares, compared to its average volume of 311,263. On Assignment has a 1 year low of $44.66 and a 1 year high of $86.13. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.58. The company has a market cap of $4,453.74, a price-to-earnings ratio of 27.58, a PEG ratio of 2.28 and a beta of 1.89.
On Assignment (NYSE:ASGN) last posted its quarterly earnings data on Wednesday, February 14th. The business services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $0.76 by $0.68. On Assignment had a return on equity of 17.42% and a net margin of 6.00%. The business had revenue of $679.04 million for the quarter, compared to the consensus estimate of $671.35 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. On Assignment’s revenue for the quarter was up 9.4% on a year-over-year basis. equities research analysts forecast that On Assignment will post 3.75 earnings per share for the current fiscal year.
In other On Assignment news, Director Edwin A. Sheridan sold 22,404 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $77.64, for a total transaction of $1,739,446.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Marty R. Kittrell sold 2,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $76.24, for a total transaction of $152,480.00. Following the sale, the director now directly owns 4,946 shares in the company, valued at approximately $377,083.04. The disclosure for this sale can be found here. Insiders have sold a total of 121,265 shares of company stock worth $9,440,062 in the last three months. Insiders own 5.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. We Are One Seven LLC bought a new position in shares of On Assignment in the fourth quarter worth $163,000. Public Employees Retirement Association of Colorado bought a new position in shares of On Assignment in the fourth quarter worth $192,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of On Assignment by 38.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,099 shares of the business services provider’s stock worth $199,000 after purchasing an additional 857 shares during the period. Everence Capital Management Inc. bought a new position in shares of On Assignment in the fourth quarter worth $217,000. Finally, M&T Bank Corp bought a new position in shares of On Assignment in the fourth quarter worth $218,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.
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On Assignment Company Profile
ASGN Incorporated provides IT and professional services in the technology, digital, creative, healthcare technology, engineering, life sciences, and government sectors in the United States, Europe, and Canada. The company's Apex segment offers technical, digital, and creative and scientific professionals for contract, contract-to-hire, and permanent placement positions to Fortune 1000 and mid-market clients; IT staffing and consulting services comprising IT infrastructure, application development, project management, and healthcare IT professionals; and creative, marketing, advertising, and digital professionals.
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