ASGN ( (ASGN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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ASGN shares came under pressure after the company issued first-quarter earnings guidance that fell short of Wall Street expectations, signaling potential near-term profit headwinds despite otherwise solid performance. The company reported strong results and robust free cash flow, completed a $290 million acquisition of tech services firm Quinnox, launched its new Everforth brand to sharpen its market identity, and continued to return capital to investors by repurchasing $170.1 million of its own shares. In response, Baird lifted its price target on ASGN to $62 but maintained a Neutral rating, reflecting cautious optimism amid mixed signals for future earnings.
More about ASGN
YTD Price Performance: 10.61%
Average Trading Volume: 559,009
Technical Sentiment Signal: Sell
Current Market Cap: $2.28B
For further insights into ASGN stock on TipRanks’ Stock Analysis page.
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