SunTrust Banks Raises On Assignment (ASGN) Price Target to $88.00

On Assignment (NYSE:ASGN) had its price objective hoisted by research analysts at SunTrust Banks to $88.00 in a research report issued on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the business services provider’s stock. SunTrust Banks’ price target indicates a potential upside of 16.94% from the company’s current price. SunTrust Banks also issued estimates for On Assignment’s FY2019 earnings at $3.48 EPS.

ASGN has been the topic of a number of other reports. BMO Capital Markets boosted their target price on shares of On Assignment from $62.00 to $66.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Royal Bank of Canada restated a “buy” rating and set a $55.00 target price on shares of On Assignment in a report on Friday, October 13th. ValuEngine upgraded shares of On Assignment from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of On Assignment from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Friday, October 27th. Finally, Robert W. Baird restated a “hold” rating and set a $53.00 target price on shares of On Assignment in a report on Friday, October 6th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $72.86.

On Assignment (NYSE ASGN) opened at $75.25 on Thursday. The firm has a market cap of $3,870.00, a price-to-earnings ratio of 35.00, a P/E/G ratio of 2.28 and a beta of 2.10. On Assignment has a fifty-two week low of $43.83 and a fifty-two week high of $77.68. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.66.

In other On Assignment news, SVP Jennifer Hankes Painter sold 3,500 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $63.06, for a total value of $220,710.00. Following the transaction, the senior vice president now directly owns 10,667 shares in the company, valued at $672,661.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Edwin A. Sheridan sold 52,800 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $60.74, for a total transaction of $3,207,072.00. Following the completion of the transaction, the director now owns 1,191,332 shares in the company, valued at $72,361,505.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 220,007 shares of company stock worth $13,527,582. Corporate insiders own 5.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in ASGN. Public Employees Retirement Association of Colorado acquired a new position in shares of On Assignment in the fourth quarter valued at $192,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of On Assignment by 38.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,099 shares of the business services provider’s stock valued at $199,000 after purchasing an additional 857 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of On Assignment in the fourth quarter valued at about $217,000. Parametrica Management Ltd bought a new stake in shares of On Assignment in the fourth quarter valued at about $265,000. Finally, Aurora Investment Counsel bought a new stake in shares of On Assignment in the fourth quarter valued at about $268,000. Hedge funds and other institutional investors own 91.80% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “SunTrust Banks Raises On Assignment (ASGN) Price Target to $88.00” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & international copyright laws. The original version of this news story can be accessed at https://www.com-unik.info/2018/02/03/suntrust-banks-raises-on-assignment-asgn-price-target-to-88-00.html.

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.

The Fly

Analyst Recommendations for On Assignment (NYSE:ASGN)

Receive News & Ratings for On Assignment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Assignment and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit