ASGN Incorporated (ASGN) Receives a Hold from Credit Suisse

In a report issued on October 23, Kevin Mcveigh from Credit Suisse reiterated a Hold rating on ASGN Incorporated (ASGNResearch Report), with a price target of $61.00. The company’s shares closed last Monday at $63.81.

According to TipRanks.com, Mcveigh is a 3-star analyst with an average return of 4.6% and a 62.9% success rate. Mcveigh covers the Services sector, focusing on stocks such as Thomson Reuters Corp, ManpowerGroup Inc., and Factset Research.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ASGN Incorporated with a $72.67 average price target.

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Based on ASGN Incorporated’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $57.4 million. In comparison, last year the company had a net profit of $49.17 million.

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ASGN, Inc. provides information technology and professional services in the technology, creative, digital, engineering, and life sciences fields across commercial and government sectors. It operates through the following segments: Apex, Oxford, and ECS. The Apex segment provides technical, scientific, digital, and creative services and solutions to Fortune 1000 and mid-market clients across the United States and Canada. The Oxford segment offers hard to find technical, digital, engineering, and life sciences services and solutions in select skill and geographic markets. The ECS segment delivers advanced solutions in cloud, cybersecurity, artificial intelligence, machine learning, software development, IT modernization, and science and engineering primarily focused on Federal Government activities. The company was founded on December 30, 1985 and is headquartered in Calabasas, CA.