Recent important negative changes in fundamentals have impacted ASGN Inc (NYSE: ASGN): significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
Recent notable negative changes in investment behavior have affected ASGN Inc (NYSE: ASGN): the stock’s recent price decline challenged its longer term uptrend.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
ASGN’s future returns on capital are forecasted to exceed 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 D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ASGN has a poor Appreciation Score of 29 and a poor Power Rating of 25, producing the Negative Value Trend Rating.
Recent Price Action
ASGN Inc (NYSE: ASGN) stock declined slightly by -0.2% on 8/6/24. The stock closed at $85.42. However, this decline was accompanied by unusually low trading volume at 54% of normal. The stock has performed in line with the market over the last nine months and has declined -10.9% during the last week.
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