Shares of On Assignment, Inc. (NASDAQ:ASGN) have been assigned an average broker rating score of 1.43 (Strong Buy) from the seven analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation, one has given a buy recommendation and five have given a strong buy recommendation to the company. On Assignment’s rating score has declined by 3.6% from three months ago as a result of a number of analysts’ ratings changes.
Analysts have set a twelve-month consensus price objective of $54.17 for the company and are anticipating that the company will post $0.72 earnings per share for the current quarter, according to Zacks. Zacks has also assigned On Assignment an industry rank of 77 out of 265 based on the ratings given to its competitors.
Several equities analysts recently issued reports on ASGN shares. BMO Capital Markets boosted their target price on shares of 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 upgraded shares of On Assignment from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Tuesday, June 13th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $55.00 target price (up from $52.00) on shares of On Assignment in a research note on Thursday, April 27th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $57.00 target price (up from $51.00) on shares of On Assignment in a research note on Friday, April 28th.
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In related news, Director Jeremy M. Jones sold 20,000 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $54.46, for a total value of $1,089,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian J. Callaghan sold 20,250 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $54.02, for a total transaction of $1,093,905.00. Following the completion of the transaction, the director now owns 430,873 shares of the company’s stock, valued at $23,275,759.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 601,325 shares of company stock valued at $31,007,250.
Large investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of On Assignment by 137,720.1% in the first quarter. BlackRock Inc. now owns 5,902,836 shares of the company’s stock valued at $286,464,000 after buying an additional 5,898,553 shares during the last quarter. Norges Bank bought a new stake in shares of On Assignment during the fourth quarter valued at approximately $19,353,000. Vanguard Group Inc. raised its stake in shares of On Assignment by 8.2% in the first quarter. Vanguard Group Inc. now owns 4,386,740 shares of the company’s stock valued at $212,888,000 after buying an additional 334,094 shares during the last quarter. Pathstone Family Office LLC raised its stake in shares of On Assignment by 315.6% in the first quarter. Pathstone Family Office LLC now owns 338,127 shares of the company’s stock valued at $16,409,000 after buying an additional 256,772 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. bought a new stake in shares of On Assignment during the second quarter valued at approximately $12,223,000.
Shares of On Assignment (NASDAQ:ASGN) traded down 2.67% during mid-day trading on Friday, reaching $53.14. 345,186 shares of the company’s stock were exchanged. On Assignment has a one year low of $32.04 and a one year high of $55.53. The company has a market capitalization of $2.81 billion and a PE ratio of 27.82. The company’s 50-day moving average price is $54.09 and its 200-day moving average price is $49.38.
On Assignment (NASDAQ:ASGN) last announced its quarterly earnings data on Wednesday, April 26th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. On Assignment had a net margin of 3.57% and a return on equity of 10.23%. The business had revenue of $626.53 million during the quarter, compared to analysts’ expectations of $619.83 million. During the same period in the previous year, the business posted $0.54 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities analysts expect that On Assignment will post $2.89 earnings per share for the current year.
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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