On Assignment, Inc. (NASDAQ:ASGN) has received an average broker rating score of 1.25 (Strong Buy) from the eight analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and seven have given a strong buy rating to the company. On Assignment’s rating score has improved by 3.1% from 90 days ago as a result of various analysts’ ratings changes.
Brokers have set a one year consensus price target of $43.83 for the company and are predicting that the company will post $0.84 EPS for the current quarter, according to Zacks. Zacks has also given On Assignment an industry rank of 155 out of 265 based on the ratings given to related companies.
Several research analysts have recently weighed in on the company. Zacks Investment Research cut On Assignment from a “buy” rating to a “hold” rating in a research note on Wednesday, June 8th. BMO Capital Markets restated a “buy” rating and issued a $45.00 price target on shares of On Assignment in a research note on Wednesday, September 7th. Finally, Deutsche Bank AG assumed coverage on On Assignment in a research note on Wednesday, August 17th. They issued a “buy” rating and a $44.00 price target for the company.
On Assignment (NASDAQ:ASGN) traded up 1.24% during mid-day trading on Tuesday, hitting $36.84. 63,012 shares of the stock were exchanged. On Assignment has a 1-year low of $29.34 and a 1-year high of $51.00. The company has a market capitalization of $1.97 billion and a PE ratio of 22.45. The stock has a 50 day moving average price of $37.07 and a 200 day moving average price of $36.83.
On Assignment (NASDAQ:ASGN) last released its earnings results on Wednesday, July 27th. The company reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.02. The company earned $608.10 million during the quarter, compared to the consensus estimate of $600.12 million. During the same period last year, the firm posted $0.61 earnings per share. The company’s revenue was up 25.3% compared to the same quarter last year. On average, equities analysts anticipate that On Assignment will post $3.11 earnings per share for the current fiscal year.
In related news, COO Michael Mcgowan sold 4,000 shares of the company’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $37.17, for a total transaction of $148,680.00. Following the completion of the sale, the chief operating officer now owns 213,106 shares in the company, valued at $7,921,150.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Peter T. Dameris sold 23,537 shares of the company’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $36.88, for a total value of $868,044.56. Following the sale, the chief executive officer now owns 319,422 shares of the company’s stock, valued at approximately $11,780,283.36. The disclosure for this sale can be found here.
A number of hedge funds have recently bought and sold shares of ASGN. Nordea Investment Management AB boosted its stake in On Assignment by 251.4% in the second quarter. Nordea Investment Management AB now owns 16,900 shares of the company’s stock worth $624,000 after buying an additional 12,091 shares during the period. American Century Companies Inc. boosted its stake in On Assignment by 3.7% in the second quarter. American Century Companies Inc. now owns 245,742 shares of the company’s stock worth $9,080,000 after buying an additional 8,704 shares during the period. Falcon Point Capital LLC boosted its stake in On Assignment by 0.3% in the second quarter. Falcon Point Capital LLC now owns 360,279 shares of the company’s stock worth $13,312,000 after buying an additional 1,066 shares during the period. Louisiana State Employees Retirement System boosted its stake in On Assignment by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 21,300 shares of the company’s stock worth $787,000 after buying an additional 100 shares during the period. Finally, Albion Financial Group UT boosted its stake in On Assignment by 0.6% in the second quarter. Albion Financial Group UT now owns 9,094 shares of the company’s stock worth $336,000 after buying an additional 50 shares during the period.
On Assignment Company Profile
On Assignment, Inc is a provider of professionals in the technology, life sciences and creative sectors. The Company matches people into positions for contract, contract-to-hire and direct hire assignments. Its operating segments include the Apex Segment and the Oxford Segment. The Apex Segment provides a spectrum of technical and scientific professionals for contract, contract-to-hire and permanent placement positions to Fortune 1000 and mid-market clients across the United States.
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