What Analysts Are Saying About ASGN Stock

Analysts' ratings for ASGN ASGN over the last quarter vary from bullish to bearish, as provided by 4 analysts.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

Analysts have set 12-month price targets for ASGN, revealing an average target of $91.25, a high estimate of $110.00, and a low estimate of $72.00. This current average has increased by 1.76% from the previous average price target of $89.67.

Analyzing Analyst Ratings: A Detailed Breakdown

The perception of ASGN by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to ASGN. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of ASGN compared to the broader market.
• Price Targets: Analysts predict movements in price targets, offering estimates for ASGN's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.

For valuable insights into ASGN's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on ASGN analyst ratings.

Get to Know ASGN Better

ASGN Inc is a provider of information technology (IT) services and professional solutions, including technology, creative, and digital, across the commercial and government sectors. It operates through two segments, Commercial and Federal Government. The Commercial Segment, which is their largest segment, provides consulting, creative digital marketing, and permanent placement services to Fortune 1000 clients and mid-market companies. The Federal Government Segment provides mission-critical solutions to the Department of Defense, intelligence agencies, and civilian agencies.

ASGN's Financial Performance

Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.

Revenue Challenges: ASGN's revenue growth over 3 months faced difficulties. As of 30 September, 2023, the company experienced a decline of approximately -6.77%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.

Net Margin: ASGN's net margin is impressive, surpassing industry averages. With a net margin of 5.32%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): ASGN's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 3.1%, the company may face hurdles in generating optimal returns for shareholders.

Return on Assets (ROA): ASGN's ROA excels beyond industry benchmarks, reaching 1.66%. This signifies efficient management of assets and strong financial health.

Debt Management: With a below-average debt-to-equity ratio of 0.58, ASGN adopts a prudent financial strategy, indicating a balanced approach to debt management.

How Are Analyst Ratings Determined?

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.

This article was generated by Benzinga's automated content engine and reviewed by an editor.