Shares of On Assignment, Inc. (NASDAQ:ASGN) have earned a consensus broker rating score of 1.43 (Strong Buy) from the seven brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and five have given a strong buy recommendation to the company. On Assignment’s rating score has declined by 3.6% in the last three months as a result of a number of analysts’ ratings changes.
Brokerages have set a twelve-month consensus target price of $54.17 for the company and are forecasting that the company will post $0.72 EPS for the current quarter, according to Zacks. Zacks has also given On Assignment an industry rank of 41 out of 265 based on the ratings given to related companies.
A number of analysts have weighed in on the company. BMO Capital Markets raised their price target on On Assignment from $54.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. Zacks Investment Research raised On Assignment from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Tuesday, June 13th. Deutsche Bank AG reaffirmed a “buy” rating and set a $57.00 price objective (up previously from $51.00) on shares of On Assignment in a report on Friday, April 28th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $55.00 price objective (up previously from $52.00) on shares of On Assignment in a report on Thursday, April 27th.
In other On Assignment news, CEO Peter T. Dameris sold 24,500 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $52.31, for a total transaction of $1,281,595.00. Following the transaction, the chief executive officer now owns 216,480 shares of the company’s stock, valued at $11,324,068.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Brian J. Callaghan sold 20,250 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $54.02, for a total value of $1,093,905.00. Following the transaction, the director now directly owns 430,873 shares in the company, valued at approximately $23,275,759.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 620,344 shares of company stock worth $31,939,562.
Several institutional investors have recently added to or reduced their stakes in ASGN. State of Tennessee Treasury Department raised its position in On Assignment by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 46,253 shares of the company’s stock worth $2,245,000 after buying an additional 6,980 shares in the last quarter. Prudential Financial Inc. raised its position in On Assignment by 0.4% in the first quarter. Prudential Financial Inc. now owns 114,187 shares of the company’s stock worth $5,541,000 after buying an additional 440 shares in the last quarter. Geneva Advisors LLC raised its position in On Assignment by 6.5% in the first quarter. Geneva Advisors LLC now owns 29,803 shares of the company’s stock worth $1,446,000 after buying an additional 1,826 shares in the last quarter. Stifel Financial Corp raised its position in On Assignment by 18.4% in the first quarter. Stifel Financial Corp now owns 236,169 shares of the company’s stock worth $11,456,000 after buying an additional 36,749 shares in the last quarter. Finally, Legal & General Group Plc raised its position in On Assignment by 1.3% in the first quarter. Legal & General Group Plc now owns 85,630 shares of the company’s stock worth $4,153,000 after buying an additional 1,104 shares in the last quarter.
Shares of On Assignment (NASDAQ ASGN) traded up 0.26% on Friday, reaching $54.60. The company had a trading volume of 321,355 shares. On Assignment has a 12 month low of $32.04 and a 12 month high of $55.53. The firm has a market capitalization of $2.88 billion and a PE ratio of 28.59. The firm’s 50 day moving average is $54.09 and its 200 day moving average is $49.38.
On Assignment (NASDAQ:ASGN) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.04. On Assignment had a return on equity of 10.23% and a net margin of 3.57%. The company had revenue of $626.53 million for the quarter, compared to analysts’ expectations of $619.83 million. During the same period last year, the firm earned $0.54 earnings per share. On Assignment’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities research analysts expect that On Assignment will post $2.89 earnings per share for the current fiscal year.
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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.
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