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

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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

Apr 2016Avondale PartnersMaintainsMarket Outperform
Feb 2016Avondale PartnersUpgradesMarket PerformMarket Outperform
Dec 2015Deutsche BankDowngradesBuyHold

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


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