Stock Rating Downgrade
The Value Trend Rating for ASGN Inc (NYSE: ASGN) weakened in recent days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
ASGN Inc (NYSE: ASGN) stock closed at $100.76 on 3/1/24 after an increase of 1.4%. NORMAL trading volume accompanied the advance. The stock has risen 5.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
ASGN’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
ASGN has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ASGN has a neutral Appreciation Score of 42 but a good Power Rating of 82, triggering the High Neutral Value Trend Rating.
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