ASGN (NYSE:ASGN) Reaches New 12-Month Low – Should You Sell?

Shares of ASGN Incorporated (NYSE:ASGN) reached a new 52-week low on Wednesday . The company traded as low as $78.43 and last traded at $79.43, with a volume of 741742 shares. The stock had previously closed at $80.21.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. StockNews.com lowered ASGN from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. BMO Capital Markets upgraded shares of ASGN from a “market perform” rating to an “outperform” rating and upped their price target for the company from $96.00 to $100.00 in a research report on Friday, November 22nd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $115.00 price target on shares of ASGN in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $101.75.

ASGN Stock Down 0.0 %

The company has a market capitalization of $3.42 billion, a P/E ratio of 20.14 and a beta of 1.38. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average is $86.76 and its 200 day moving average is $90.57.

ASGN (NYSE:ASGN) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. ASGN had a net margin of 4.27% and a return on equity of 13.22%. Research analysts predict that ASGN Incorporated will post 5.38 EPS for the current fiscal year.

Hedge Funds Weigh In On ASGN

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. J.Safra Asset Management Corp increased its position in shares of ASGN by 48.1% during the 4th quarter. J.Safra Asset Management Corp now owns 428 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 139 shares during the last quarter. Cim Investment Management Inc. bought a new stake in ASGN during the 3rd quarter valued at $205,000. Entropy Technologies LP purchased a new position in shares of ASGN in the 4th quarter worth approximately $299,000. Cibc World Markets Corp purchased a new stake in ASGN in the fourth quarter valued at about $337,000. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of ASGN by 17.3% during the third quarter. Crossmark Global Holdings Inc. now owns 5,414 shares of the business services provider’s stock worth $505,000 after buying an additional 800 shares during the period. Institutional investors own 95.36% of the company’s stock.

ASGN Company Profile

ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.