Analysing On Assignment (NYSE:ASGN) and The Competition

Analysing On Assignment (NYSE:ASGN) and The Competition

Analyst Ratings

On Assignment (NYSE: ASGN) is one of 23 public companies in the “Help supply services” industry, but how does it compare to its peers? We will compare On Assignment to related companies based on the strength of its risk, analyst recommendations, profitability, earnings, valuation, institutional ownership and dividends.

This is a breakdown of current ratings for On Assignment and its peers, as reported by MarketBeat.com.

On Assignment currently has a consensus target price of $79.83, indicating a potential downside of 3.88%. As a group, “Help supply services” companies have a potential upside of 11.88%. Given On Assignment’s peers higher probable upside, analysts clearly believe On Assignment has less favorable growth aspects than its peers.

Earnings & Valuation

This table compares On Assignment and its peers top-line revenue, earnings per share and valuation.

On Assignment’s peers have higher revenue, but lower earnings than On Assignment. On Assignment is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Profitability

This table compares On Assignment and its peers’ net margins, return on equity and return on assets.

Volatility and Risk

On Assignment has a beta of 1.91, indicating that its stock price is 91% more volatile than the S&P 500. Comparatively, On Assignment’s peers have a beta of 1.20, indicating that their average stock price is 20% more volatile than the S&P 500.

Institutional and Insider Ownership

93.4% of On Assignment shares are held by institutional investors. Comparatively, 66.0% of shares of all “Help supply services” companies are held by institutional investors. 3.9% of On Assignment shares are held by insiders. Comparatively, 13.8% of shares of all “Help supply services” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Summary

On Assignment beats its peers on 9 of the 13 factors compared.

About On Assignment

ASGN Incorporated provides IT and professional services in the technology, digital, creative, healthcare technology, engineering, life sciences, and government sectors in the United States, Europe, and Canada. The company's Apex segment offers technical, digital, and creative and scientific professionals for contract, contract-to-hire, and permanent placement positions to Fortune 1000 and mid-market clients; IT staffing and consulting services comprising IT infrastructure, application development, project management, and healthcare IT professionals; and creative, marketing, advertising, and digital professionals. It also provides scientific, engineering, and clinical research staffing and services for temporary and permanent assignments, such as chemists, clinical research associates, clinical lab assistants, engineers, biologists, biochemists, microbiologists, molecular biologists, biostatisticians, drug safety specialists, SAS programmers, medical writers, food scientists, regulatory affairs specialists, lab assistants, and other skilled professionals. This segment serves companies from various industries, as well as advertising agencies and company marketing departments. Its Oxford segment recruits and delivers experienced IT, engineering, and regulatory and compliance consultants to clients for temporary assignments and project engagements; provides permanent placements in technology, engineering, sales, executive, financial, accounting, scientific, legal, and operations positions; and offers locally-based contract and permanent life science professionals to clients with research and development projects. The company's ECS segment delivers solutions in cloud, cybersecurity, software development, IT modernization, and science and engineering. The company was formerly known as On Assignment, Inc. and changed its name to ASGN Incorporated in April 2018. The company was founded in 1985 and is headquartered in Calabasas, California.

Related posts

Leave a Comment