On Assignment (NASDAQ:ASGN) Earning Somewhat Favorable News Coverage, Analysis Shows

Media coverage about On Assignment (NASDAQ:ASGN) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. On Assignment earned a news impact score of 0.10 on Accern’s scale. Accern also gave news headlines about the company an impact score of 47.8943822345042 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Several research analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of On Assignment from $54.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, July 14th. Zacks Investment Research raised shares of On Assignment from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Tuesday, June 13th. Deutsche Bank AG reaffirmed 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. Finally, Royal Bank Of Canada reaffirmed 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. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $56.20.

On Assignment (ASGN) opened at 46.03 on Friday. The firm’s 50-day moving average is $51.04 and its 200-day moving average is $49.94. The stock has a market capitalization of $2.43 billion and a P/E ratio of 22.60. On Assignment has a 12 month low of $32.04 and a 12 month high of $55.53.

On Assignment (NASDAQ:ASGN) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The company had revenue of $653.31 million during the quarter, compared to the consensus estimate of $655.96 million. On Assignment had a return on equity of 14.70% and a net margin of 5.09%. On Assignment’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. On average, equities analysts expect that On Assignment will post $2.86 earnings per share for the current fiscal year.

In other On Assignment news, insider Theodore S. Hanson sold 15,000 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $52.21, for a total value of $783,150.00. Following the sale, the insider now owns 269,964 shares in the company, valued at $14,094,820.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Brian J. Callaghan sold 20,250 shares of the stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $54.02, for a total value of $1,093,905.00. Following the completion of the sale, the director now owns 430,873 shares in the company, valued at approximately $23,275,759.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 167,078 shares of company stock worth $8,835,179.

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On Assignment Company Profile

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.

Insider Buying and Selling by Quarter for On Assignment (NASDAQ:ASGN)

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