ASGN Inc [ASGN] stock is trading at $98.72, down -3.32%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ASGN shares have gain 3.32% over the last week, with a monthly amount drifted -1.89%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ASGN Inc [NYSE: ASGN] stock has seen the most recent analyst activity on December 06, 2023, when Canaccord Genuity initiated its Buy rating and assigned the stock a price target of $110. Previously, UBS started tracking the stock with Sell rating on November 07, 2023, and set its price target to $72. On September 18, 2023, Wells Fargo initiated with a Overweight rating and assigned a price target of $102 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $80 on June 01, 2023. BofA Securities downgraded its rating to a Underperform and reduced its price target to $66 on April 27, 2023. BMO Capital Markets downgraded its rating to Market Perform for this stock on May 26, 2022. In a note dated May 25, 2022, Credit Suisse downgraded an Underperform rating on this stock and revised its target price from $110 to $90.
ASGN Inc [ASGN] stock has fluctuated between $63.27 and $106.42 over the past year. Currently, Wall Street analysts expect the stock to reach $100.25 within the next 12 months. ASGN Inc [NYSE: ASGN] shares were valued at $98.72 at the most recent close of the market. An investor can expect a potential return of 1.55% based on the average ASGN price forecast.
Analyzing the ASGN fundamentals
ASGN Inc [NYSE:ASGN] reported sales of 4.37B for the trailing twelve months, which represents a drop of -7.07%. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.11 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.56.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 96.54 points at the first support level, and at 94.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 101.44, and for the 2nd resistance point, it is at 104.16.
ASGN Inc [ASGN] reported earnings per share of $1.16 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.11/share, meaning a difference of $0.05 and a surprise factor of 4.50%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $1.45 per share as compared to estimates of $1.37 per share, a difference of $0.08 representing a surprise of 5.80%.
Ratios To Look Out For
For context, ASGN Inc’s Current Ratio is 2.47. In addition, the Quick Ratio stands at 2.47. Considering the valuation of this stock, the price to sales ratio is 1.05, the price to book ratio is 2.44 and price to earnings (TTM) ratio is 22.86.
Transactions by insiders
Recent insider trading involved Sheridan Edwin A., Director, that happened on Mar 08 ’24 when 13442.0 shares were sold. Director, Sheridan Edwin A. completed a deal on Mar 07 ’24 to sell 50000.0 shares. Meanwhile, Director Sheridan Edwin A. sold 10000.0 shares on Mar 06 ’24.
