Stock To Watch: On Assignment, Inc. (NYSE:ASGN)


The leading market experts have placed a mean price target of $43.70 on On Assignment, Inc. (NYSE:ASGN) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.81 a share for the upcoming quarter and $3.11 for the current fiscal.

Technical View

The technical analysis of On Assignment, Inc. Common Stoc plainly substantiates that the 50-day moving average of On Assignment, Inc. Common Stoc is $37.37, and stock is trading $0.85 points away or +2.27% from its 50-day moving average of $37.37. Further it is trading $1.87 or +5.14% away its 200-day moving average of $36.35. On Assignment, Inc. (NYSE:ASGN) 52-week high is $51.00 and the 52-week low is $29.34.

This explains if the stock moves $-12.78, it will post a 52-week high. In event of +30.27% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of On Assignment, Inc. Common Stoc, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, On Assignment, Inc. (NYSE:ASGN) ratio came in at 23.29.

The stock last ended the trading session at $38.22 and registered a market cap of $2.04B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. On Assignment, Inc. (NYSE:ASGN) PEG ratio is at 0.98.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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