On Assignment, Inc. (NYSE:ASGN) has earned a consensus rating of “Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $61.50.
ASGN has been the subject of several research analyst reports. BidaskClub upgraded shares of On Assignment from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. ValuEngine upgraded shares of On Assignment from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $55.00 price target on shares of On Assignment in a research report on Friday, October 13th. BMO Capital Markets reiterated a “buy” rating and issued a $61.00 price target on shares of On Assignment in a research report on Sunday, October 15th. Finally, Deutsche Bank AG upped their price target on shares of On Assignment from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, October 26th.
In other On Assignment news, insider Jeffrey E. Veatch sold 1,520 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $56.01, for a total transaction of $85,135.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Theodore S. Hanson sold 18,313 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $61.55, for a total transaction of $1,127,165.15. Following the transaction, the insider now owns 253,639 shares of the company’s stock, valued at approximately $15,611,480.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 500,535 shares of company stock valued at $29,588,807. 5.40% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. Pinebridge Investments L.P. raised its position in On Assignment by 12.5% during the 3rd quarter. Pinebridge Investments L.P. now owns 25,944 shares of the business services provider’s stock worth $1,393,000 after buying an additional 2,879 shares during the last quarter. California Public Employees Retirement System raised its position in On Assignment by 3.7% during the 3rd quarter. California Public Employees Retirement System now owns 95,774 shares of the business services provider’s stock worth $5,141,000 after buying an additional 3,374 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in On Assignment during the 3rd quarter worth $280,000. Cubist Systematic Strategies LLC purchased a new position in On Assignment during the 3rd quarter worth $419,000. Finally, Stifel Financial Corp raised its position in On Assignment by 6.2% during the 3rd quarter. Stifel Financial Corp now owns 287,428 shares of the business services provider’s stock worth $15,451,000 after buying an additional 16,813 shares during the last quarter. Institutional investors own 89.24% of the company’s stock.
Shares of On Assignment (NYSE:ASGN) traded up $0.82 during trading on Wednesday, hitting $62.58. 239,646 shares of the stock traded hands, compared to its average volume of 280,250. On Assignment has a fifty-two week low of $40.52 and a fifty-two week high of $63.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.57 and a current ratio of 2.57. The firm has a market cap of $3,198.92, a PE ratio of 21.50, a price-to-earnings-growth ratio of 2.07 and a beta of 2.12.
On Assignment (NYSE:ASGN) last issued its earnings results on Wednesday, October 25th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.08. On Assignment had a net margin of 4.45% and a return on equity of 16.87%. The business had revenue of $667.05 million during the quarter, compared to analysts’ expectations of $660.90 million. During the same quarter in the prior year, the business posted $0.74 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. analysts expect that On Assignment will post 2.97 earnings per share for the current year.
On Assignment Company Profile
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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