The price of ASGN is predicted to go up -4.75%, based on the high correlation periods with CFFN. The similarity of these two price pattern on the periods is 97.78%.
ASGN
CFFN
Down: -4.75%Similarity: 97.78%
ASGN Revenue Forecast
ASGN EPS Forecast
ASGN FAQs
What is bull’s view on ASGN?
ASGN stock is currently trading at $88.21, below its 200-day moving average, indicating potential bearish sentiment. However, analysts have a bullish target of $97.83, suggesting a 10.9% upside driven by its IT services demand and recent upgrades. The stock's valuation and earnings performance remain key factors for sustained growth.
What is bear's view on ASGN?
ASGN stock currently trades at $93.26, with a bearish outlook due to declining revenue ($1.03B vs. $1.12B YoY) and a Zacks Rank of #4 (Sell), indicating expected underperformance. The stock's 52-week low of $82.04 suggests potential downside risk, especially as industry trends and earnings revisions remain unfavorable. Additionally, the stock's inability to sustain growth in a competitive IT services market further supports a bearish stance.
What is ASGN revenue forecast for next quarter?
The market consensus for ASGN's revenue in the upcoming quarter is projected to be approximately $959.793M USD.
What is ASGN eps forecast for next quarter?
The market consensus for ASGN's eps in the upcoming quarter is projected to be approximately $0.95 USD.
BMO Capital raised the firm's price target on ASGN to $96 from $94 and keeps a Market Perform rating on the shares. The company's Q3 topped consensus and BMO expectations due to margin strength, with Consulting business notching solid 4% y/y growth as the comps eased materially, though Assignment weakness continued with no notable changes in IT spend, the analyst tells investors in a research note. BMO adds however that ASGN may see possible multiple expansion as investors begin to appreciate its migration toward more of a consulting model.