On Assignment, Inc. (NASDAQ:ASGN) has earned an average broker rating score of 1.50 (Buy) from the six analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation, one has given a buy recommendation and four have assigned a strong buy recommendation to the company. On Assignment’s rating score has declined by 4.9% from three months ago as a result of a number of analysts’ ratings changes.
Analysts have set a 12-month consensus target price of $54.17 for the company and are forecasting that the company will post $0.75 EPS for the current quarter, according to Zacks. Zacks has also assigned On Assignment an industry rank of 158 out of 265 based on the ratings given to related companies.
Several equities analysts have commented on the stock. BMO Capital Markets increased their target price on shares of On Assignment from $54.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, July 14th. Zacks Investment Research downgraded On Assignment from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $55.00 price target (up from $52.00) on shares of On Assignment in a research report on Thursday, April 27th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $57.00 target price (up previously from $51.00) on shares of On Assignment in a research note on Friday, April 28th.
In other news, Director Jeremy M. Jones sold 20,000 shares of On Assignment stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $54.46, for a total transaction of $1,089,200.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brian J. Callaghan sold 20,250 shares of On Assignment stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $54.02, for a total transaction of $1,093,905.00. Following the transaction, the director now directly owns 430,873 shares in the company, valued at $23,275,759.46. The disclosure for this sale can be found here. Insiders have sold a total of 201,775 shares of company stock valued at $10,644,227 in the last ninety days.
Institutional investors have recently made changes to their positions in the company. First Quadrant L P CA bought a new stake in On Assignment during the second quarter valued at approximately $112,000. FNY Partners Fund LP boosted its stake in shares of On Assignment by 266.2% in the first quarter. FNY Partners Fund LP now owns 2,197 shares of the company’s stock valued at $106,000 after buying an additional 1,597 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of On Assignment by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,242 shares of the company’s stock valued at $121,000 after buying an additional 202 shares during the period. Tyers Asset Management LLC boosted its stake in shares of On Assignment by 13.0% in the first quarter. Tyers Asset Management LLC now owns 2,436 shares of the company’s stock valued at $118,000 after buying an additional 280 shares during the period. Finally, Flinton Capital Management LLC boosted its stake in shares of On Assignment by 13.0% in the first quarter. Flinton Capital Management LLC now owns 2,958 shares of the company’s stock valued at $144,000 after buying an additional 340 shares during the period.
Shares of On Assignment (NASDAQ:ASGN) traded down 0.31% during midday trading on Friday, hitting $48.26. The stock had a trading volume of 170,263 shares. The company’s 50-day moving average price is $53.49 and its 200-day moving average price is $49.82. The firm has a market cap of $2.55 billion and a price-to-earnings ratio of 23.69. On Assignment has a 12-month low of $32.04 and a 12-month high of $55.53.
On Assignment (NASDAQ:ASGN) last released its earnings results on Wednesday, July 26th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.06. The company had revenue of $653.31 million during the quarter, compared to analyst estimates of $655.96 million. On Assignment had a return on equity of 14.70% and a net margin of 5.09%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 earnings per share. Equities research analysts forecast that On Assignment will post $2.86 EPS 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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