Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $43.670 on On Assignment, Inc. (NYSE:ASGN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.110 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of On Assignment, Inc. (NYSE:ASGN) stands at 21.984.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For On Assignment, Inc. Common Stoc, the PEG ratio for coming 3-5 years is 0.930.
The technical analysis highlights that On Assignment, Inc. Common Stoc current is trading $-1.198 points away or -3.214% from its 50-day moving average of $37.273. Further it is trading $0.009 or +0.025% away its 200-day moving average of $36.066.
The 52-week high of On Assignment, Inc. (NYSE:ASGN) was $51.000 while lowest point recorded in 52-week was $29.340. It implies if stock price makes a movement of over $-14.925, it will record a new 52-week high. In the case of +22.955% drop, it will touch a new 52-week low.
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