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Investing.com - Truist Securities has maintained its Buy rating and $65.00 price target on ASGN Inc. (NYSE:ASGN) ahead of the company’s upcoming investor day. This target aligns closely with InvestingPro’s Fair Value assessment, which suggests the stock is currently undervalued while trading at $44.35, down 56% over the past year and near its 52-week low of $42.77.
The staffing and consulting firm is scheduled to hold its investor day on November 20, which Truist Securities views as an opportunity for management to showcase several key strategic elements. InvestingPro data shows management has been aggressively buying back shares, potentially signaling confidence in the company’s outlook despite recent price weakness.
According to Truist, the event could allow ASGN’s leadership to demonstrate meaningful margin expansion opportunities and make a case for how artificial intelligence can support the company’s long-term growth trajectory.
The research firm also expects management to illustrate how ASGN’s business model is less cyclical than investors currently perceive, potentially addressing market concerns about the company’s sensitivity to economic fluctuations.
Truist’s base case anticipates three-year financial targets with 3% organic sales growth and 5% EBITDA compound annual growth rates, potentially reaching 6% and 9% respectively when including mergers and acquisitions, with the consulting segment expected to lead this growth.
In other recent news, ASGN Incorporated announced its third-quarter 2025 earnings, which exceeded analyst expectations. The company reported an earnings per share (EPS) of $1.31, surpassing the forecasted $1.22. Revenue for the quarter came in at $1.01 billion, slightly above the anticipated $1 billion. These results reflect a 7.38% surprise in earnings performance. Despite the positive earnings, the company’s stock remained relatively stable. The earnings report highlights ASGN’s ability to outperform projections, a point of interest for investors. There were no significant mergers or acquisitions reported during this period. Additionally, analyst ratings or changes in stock recommendations were not mentioned in the recent updates.
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