Market Overview

UPDATE: Jefferies Reiterates on On Assignment Following 3Q Results, 4Q Guidance

Share:
Related ASGN
Deutsche Bank Initiates On Assignment Shares With A Buy Rating
The Market In 5 Minutes: Indexes Just Below All-Time Highs

In a report published Thursday, Jefferies analyst Dan Dolev reiterated a Buy rating on On Assignment (NYSE: ASGN), and raised the price target from $36.00 to $39.00.

In the report, Jefferies noted, “Yesterday, after the market closed, On Assignment reported 3Q results and provided 4Q guidance. As we expected, accelerating Apex growth (+21.6% vs. +19.8% in 2Q) helped drive yet another strong quarter, driving a ~6% beat to the high-end of EPS guidance. Buoyant commentary about the state of the IT markets exiting 3Q bodes well for ASGN's growth trajectory. Reiterate BUY. Increase PT from $36 to $39.”

On Assignment closed on Wednesday at $34.45.

Latest Ratings for ASGN

DateFirmActionFromTo
Aug 2016Deutsche BankInitiates Coverage onBuy
Apr 2016Avondale PartnersMaintainsMarket Outperform
Feb 2016Avondale PartnersUpgradesMarket PerformMarket Outperform

View More Analyst Ratings for ASGN
View the Latest Analyst Ratings

Posted-In: Dan Dolev JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (ASGN)

View Comments and Join the Discussion!