Asgn Inc Stock Today

ASGN Stock  USD 104.76  1.27  1.23%   

Performance

7 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 1

 
100  
 
Zero
Very Small
ASGN is selling at 104.76 as of the 29th of March 2024; that is 1.23 percent up since the beginning of the trading day. The stock's open price was 103.49. ASGN has a very small chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for ASGN Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Commercial & Professional Services
IPO Date
22nd of September 1992
Category
Technology
Classification
Industrials
ASGN Incorporated provides information technology services and professional solutions in the technology, digital, and creative fields for commercial and government sectors in the United States. ASGN Incorporated was incorporated in 1985 and is based in Glen Allen, Virginia. The company has 46.5 M outstanding shares of which 1.12 M shares are presently shorted by private and institutional investors with about 5.0 trading days to cover. More on ASGN Inc

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ASGN Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. ASGN's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ASGN or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ChairmanArshad Matin
Thematic IdeaESG Investing (View all Themes)
Business ConcentrationHuman Resource & Employment Services, Commercial & Professional Services, Industrials, NYSE Composite, SP Midcap 400, ESG Investing, Industrials, Professional Services, Information Technology Services, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering ASGN report their recommendations after researching ASGN's financial statements, talking to executives and customers, or listening in on ASGN's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering ASGN Inc. The ASGN consensus assessment is calculated by taking the average forecast from all of the analysts covering ASGN.
Financial Strength
Based on the analysis of ASGN's profitability, liquidity, and operating efficiency, ASGN Inc is performing exceptionally good at this time. It has a great probability to report excellent financial results in April. Financial strength of ASGN Inc is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.06770.0619
Significantly Up
Slightly volatile
Asset Turnover2.081.2556
Way Up
Slightly volatile
Gross Profit Margin0.340.2655
Significantly Up
Slightly volatile
Total Current Liabilities413.8 M394.1 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total1.3 B1.3 B
Sufficiently Up
Slightly volatile
Total Assets3.7 B3.5 B
Sufficiently Up
Slightly volatile
Total Current AssetsB973.3 M
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities479.7 M456.9 M
Sufficiently Up
Slightly volatile
ASGN's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to ASGN's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
ASGN's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of ASGN's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand ASGN's financial leverage. It provides some insight into what part of ASGN's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on ASGN's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how ASGN deploys its capital and how much of that capital is borrowed.
Liquidity
ASGN cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 1.11 B in liabilities with Debt to Equity (D/E) ratio of 0.6, which is about average as compared to similar companies. ASGN Inc has a current ratio of 2.23, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist ASGN until it has trouble settling it off, either with new capital or with free cash flow. So, ASGN's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like ASGN Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ASGN to invest in growth at high rates of return. When we think about ASGN's use of debt, we should always consider it together with cash and equity.

Other Non Cash Items

10.81 Million
ASGN Inc (ASGN) is traded on New York Stock Exchange in USA. It is located in 4400 Cox Road, Glen Allen, VA, United States, 23060 and employs 3,700 people. ASGN is listed under Human Resource & Employment Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.81 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate ASGN's market, we take the total number of its shares issued and multiply it by ASGN's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. ASGN Inc conducts business under Professional Services sector and is part of Industrials industry. The entity has 46.5 M outstanding shares of which 1.12 M shares are presently shorted by private and institutional investors with about 5.0 trading days to cover. ASGN Inc currently holds about 211.2 M in cash with 456.9 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.23.
Check ASGN Probability Of Bankruptcy
Ownership Allocation
ASGN holds a total of 46.5 Million outstanding shares. The majority of ASGN Inc outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in ASGN Inc to benefit from reduced commissions. Thus, institutional investors are subject to a different set of regulations than regular investors in ASGN. Please pay attention to any change in the institutional holdings of ASGN Inc as this could imply that something significant has changed or is about to change at the company. Also note that nearly four hundred sixty-five thousand invesors are currently shorting ASGN expressing very little confidence in its future performance.
Check ASGN Ownership Details

ASGN Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of ASGN jumping above the current price in 90 days from now is roughly 2.92%. The ASGN Inc probability density function shows the probability of ASGN stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.2205. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ASGN will likely underperform. Additionally, aSGN Inc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 104.76HorizonTargetOdds Above 104.76
97.03%90 days
 104.76 
2.92%
Based on a normal probability distribution, the odds of ASGN to move above the current price in 90 days from now is roughly 2.92 (This ASGN Inc probability density function shows the probability of ASGN Stock to fall within a particular range of prices over 90 days) .

ASGN Stock Institutional Holders

Institutional Holdings refers to the ownership stake in ASGN that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ASGN's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ASGN's value.
InstituionRecorded OnShares
Boston Partners Global Investors, Inc2023-12-31
970.7 K
Pathstone Family Office, Llc2023-09-30
919.2 K
Victory Capital Management Inc.2023-12-31
908.9 K
T. Rowe Price Investment Management,inc.2023-12-31
889.9 K
Pathstone Holdings Llc2023-12-31
880.5 K
Thrivent Financial For Lutherans2023-12-31
828.6 K
Schroder Investment Management Group2023-12-31
706.5 K
Northern Trust Corp2023-12-31
608 K
Aristotle Capital Boston, Llc2023-12-31
593.2 K
Blackrock Inc2023-12-31
5.7 M
Vanguard Group Inc2023-12-31
4.7 M
View ASGN Diagnostics

ASGN Historical Income Statement

ASGN Inc Income Statement is one of the three primary financial statements used for reporting ASGN's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of ASGN Inc revenue and expense. ASGN Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, ASGN's EBIT is very stable compared to the past year. As of the 29th of March 2024, EBITDA is likely to grow to about 382.3 M, while Interest Expense is likely to drop about 63.1 M. View More Fundamentals

ASGN Stock Against Markets

Picking the right benchmark for ASGN stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in ASGN stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for ASGN is critical whether you are bullish or bearish towards ASGN Inc at a given time. Please also check how ASGN's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in ASGN without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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ASGN Corporate Directors

ASGN corporate directors refer to members of an ASGN board of directors. The board of directors generally takes responsibility for the ASGN's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of ASGN's board members must vote for the resolution. The ASGN board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Jonathan HolmanIndependent DirectorProfile
Mark FrantzIndependent DirectorProfile
William BrockIndependent DirectorProfile
Mariel JolietIndependent DirectorProfile

How to buy ASGN Stock?

Before investing in ASGN, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in ASGN. To buy ASGN stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of ASGN. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase ASGN stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located ASGN Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased ASGN Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as ASGN Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy ASGN Stock please use our How to Invest in ASGN guide.

Already Invested in ASGN Inc?

The danger of trading ASGN Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of ASGN is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than ASGN. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile ASGN Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether ASGN Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ASGN's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Asgn Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Asgn Inc Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASGN Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the ASGN Inc information on this page should be used as a complementary analysis to other ASGN's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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When running ASGN's price analysis, check to measure ASGN's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ASGN is operating at the current time. Most of ASGN's value examination focuses on studying past and present price action to predict the probability of ASGN's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASGN's price. Additionally, you may evaluate how the addition of ASGN to your portfolios can decrease your overall portfolio volatility.
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Is ASGN's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ASGN. If investors know ASGN will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ASGN listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.05)
Earnings Share
4.5
Revenue Per Share
92.145
Quarterly Revenue Growth
(0.07)
Return On Assets
0.0638
The market value of ASGN Inc is measured differently than its book value, which is the value of ASGN that is recorded on the company's balance sheet. Investors also form their own opinion of ASGN's value that differs from its market value or its book value, called intrinsic value, which is ASGN's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ASGN's market value can be influenced by many factors that don't directly affect ASGN's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ASGN's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASGN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASGN's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.