Media stories about On Assignment (NASDAQ:ASGN) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. On Assignment earned a news impact score of 0.19 on Accern’s scale. Accern also gave media headlines about the company an impact score of 47.3816932928097 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- On Assignment, Inc. (ASGN) Upgraded to “Buy” by Zacks Investment Research (americanbankingnews.com)
- On Assignment, Inc. (ASGN) Forecasted to Post Q1 2018 Earnings of $0.67 Per Share (americanbankingnews.com)
- On Assignment, Inc. (ASGN) to Post Q4 2017 Earnings of $0.74 Per Share, SunTrust Banks Forecasts (americanbankingnews.com)
- Head-To-Head Contrast: Staffing 360 Solutions (STAF) and On Assignment (ASGN) (americanbankingnews.com)
- On Assignment revenue up 7% in same billing day, constant currency basis; growth is in Apex division (www2.staffingindustry.com)
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded On Assignment from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Friday. Robert W. Baird restated a “hold” rating and set a $59.00 target price on shares of On Assignment in a report on Friday. BMO Capital Markets raised their target price on On Assignment from $61.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday. Deutsche Bank AG raised their target price on On Assignment from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday. Finally, Royal Bank Of Canada raised their target price on On Assignment from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $59.50.
On Assignment (NASDAQ ASGN) opened at 60.34 on Friday. The stock has a market capitalization of $3.19 billion and a PE ratio of 29.62. The company’s 50-day moving average price is $53.70 and its 200-day moving average price is $51.64. On Assignment has a one year low of $33.43 and a one year high of $60.44.
On Assignment (NASDAQ:ASGN) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.08. On Assignment had a return on equity of 14.70% and a net margin of 5.09%. The firm had revenue of $667.05 million during the quarter, compared to the consensus estimate of $660.90 million. During the same quarter in the previous year, the business earned $0.74 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities research analysts predict that On Assignment will post $2.96 EPS for the current year.
In other news, insider Jeffrey E. Veatch sold 129,066 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $58.61, for a total value of $7,564,558.26. Following the completion of the sale, the insider now owns 364,202 shares of the company’s stock, valued at $21,345,879.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey E. Veatch sold 74,894 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $56.53, for a total value of $4,233,757.82. Following the completion of the sale, the insider now directly owns 392,938 shares of the company’s stock, valued at approximately $22,212,785.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 256,282 shares of company stock valued at $14,741,882.
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.
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