ASGN stock rating reiterated at Outperform by BMO Capital

Investing.com - BMO Capital has reiterated an Outperform rating and $57.00 price target on ASGN Inc. (NYSE:ASGN), which will soon be renamed Everforth. The target represents a 42% upside from the current price of $40.01, with ASGN trading near its 52-week low of $39.25 after falling 6.45% in the past week.

The firm maintained its positive stance following ASGN’s Investor Day, where the company showcased its AI capabilities and highlighted an increasing focus on co-selling and strategic partnerships with major technology companies. InvestingPro data shows ASGN maintains a healthy current ratio of 1.99, indicating its liquid assets comfortably exceed short-term obligations.

ASGN presented its 2028 financial targets during the event, which BMO Capital described as "a bit lighter than out-year consensus on organic growth," though the targets exceeded expectations for EBITDA margins due to cost-saving initiatives and leverage opportunities.

BMO Capital noted these new targets appear more realistic than previous forecasts, which had been negatively impacted by what the firm characterized as a "staffing recession."

The investment firm expressed being "impressed with the depth of the team and its strategy," and suggested ASGN could experience multiple expansion as more investors discover the stock.

In other recent news, ASGN Incorporated reported third-quarter 2025 earnings that exceeded analyst expectations, with an earnings per share of $1.31 compared to the forecast of $1.22. The company also achieved a revenue of $1.01 billion, slightly surpassing the anticipated $1 billion. Additionally, ASGN announced plans to rebrand under a new parent identity called Everforth, consolidating its six brands by the first half of 2026 to streamline operations and enhance collaboration.

In further developments, ASGN introduced its AI Factory framework, aimed at facilitating enterprise adoption of artificial intelligence by addressing common implementation challenges. Truist Securities has reiterated its Buy rating on ASGN, maintaining a price target of $65.00, ahead of the company’s investor day on November 20. The firm sees this event as an opportunity for ASGN to highlight key strategic initiatives.

These developments reflect ASGN’s ongoing efforts to innovate and optimize its operations while maintaining strong financial performance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.