ASGN Inc Surpasses Analyst Target: What’s Next for Investors?
In recent trading, shares of ASGN Inc (Symbol: ASGN) have crossed above the average analyst 12-month target price of $96.83, now trading at $97.65 per share. When a stock reaches the target set by analysts, they typically respond in two ways: they may downgrade due to high valuation, or they may raise their target price. Their choice often depends on recent business developments that may have driven the stock price up. If prospects appear bright for ASGN, it might well be time for these analysts to increase their target prices.
There are six distinct analyst targets considered within the Zacks coverage of ASGN. However, this average price of $96.83 is just a mathematical mean. Some analysts have lower forecasts, with one projecting a price of $70.00, while another has a significantly higher target of $115.00. The standard deviation from this average is $16.497.
The purpose of considering the average target for ASGN is to leverage the “wisdom of crowds,” which aggregates the opinions of multiple analysts rather than relying on a single perspective. As ASGN’s stock price moves above the average target of $96.83, it signals to investors that it might be time to evaluate their position: is $96.83 a temporary checkpoint on the way to an even higher valuation, or has the stock become too expensive, prompting a reconsideration of their investments? Below is a table showing the current assessments of analysts covering ASGN Inc:
| Recent ASGN Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 3 | 3 | 3 | 3 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 3 | 3 | 3 | 3 |
| Sell ratings: | 0 | 1 | 1 | 1 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 2.43 | 2.63 | 2.63 | 2.63 |
The average rating provided in the last row indicates a scale from 1 (Strong Buy) to 5 (Strong Sell). This article used data from Zacks Investment Research via Quandl.com. For the latest Zacks research report on ASGN, click here—FREE.
10 ETFs With Most Upside To Analyst Targets »
Also see:
• MM Historical Stock Prices
• ACRS Insider Buying
• JJSF Dividend Growth Rate
The views and opinions expressed herein are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
