On Assignment (NYSE:ASGN) had its price target boosted by stock analysts at BMO Capital Markets from $66.00 to $73.00 in a research note issued on Monday, The Fly reports. The firm presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 11.88% from the company’s current price.
A number of other research analysts also recently weighed in on the company. SunTrust Banks reissued a “buy” rating on shares of On Assignment in a research note on Friday, December 8th. Zacks Investment Research downgraded On Assignment from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Royal Bank of Canada raised their price objective on On Assignment from $59.00 to $61.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Robert W. Baird reissued a “hold” rating and issued a $53.00 price objective on shares of On Assignment in a research note on Friday, October 6th. Finally, Deutsche Bank raised their price objective on On Assignment from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $65.17.
On Assignment (ASGN) opened at $65.25 on Monday. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. On Assignment has a one year low of $42.95 and a one year high of $65.73. The firm has a market capitalization of $3,393.97, a P/E ratio of 30.35, a P/E/G ratio of 2.05 and a beta of 2.12.
In other On Assignment news, insider Jeffrey E. Veatch sold 1,520 shares of On Assignment stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $56.01, for a total value of $85,135.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey E. Veatch sold 48,480 shares of On Assignment stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $56.23, for a total value of $2,726,030.40. Following the completion of the transaction, the insider now directly owns 392,938 shares in the company, valued at $22,094,903.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 524,285 shares of company stock worth $31,105,517. Company insiders own 5.40% of the company’s stock.
Several large investors have recently made changes to their positions in ASGN. Aurora Investment Counsel acquired a new stake in shares of On Assignment during the 4th quarter worth approximately $268,000. Janney Montgomery Scott LLC acquired a new stake in shares of On Assignment during the 3rd quarter worth approximately $280,000. Cubist Systematic Strategies LLC acquired a new stake in shares of On Assignment during the 3rd quarter worth approximately $419,000. Insight Capital Research & Management Inc. acquired a new stake in shares of On Assignment during the 3rd quarter worth approximately $953,000. Finally, Pinebridge Investments L.P. grew its holdings in shares of On Assignment by 12.5% during the 3rd quarter. Pinebridge Investments L.P. now owns 25,944 shares of the business services provider’s stock worth $1,393,000 after purchasing an additional 2,879 shares in the last quarter. 90.15% of the stock is currently owned by institutional investors.
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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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