RBC Capital Believes On Assignment (NYSE: ASGN) Won’t Stop Here

By Ryan Adsit

RBC Capital analyst Gary Bisbee reiterated a Buy rating on On Assignment (NYSE: ASGN) on October 11 and set a price target of $55. The company’s shares opened today at $55.24, close to its 52-week high of $56.21.

According to TipRanks.com, Bisbee is a 5-star analyst with an average return of 10.3% and a 72.9% success rate. Bisbee covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Emerald Expositions Events Inc, and Servicemaster Global Holdings.

Currently, the analyst consensus on On Assignment is Strong Buy and the average price target is $57.25, representing a 3.6% upside.

In a report issued on October 8, BMO Capital also reiterated a Buy rating on the stock with a $59 price target.

Based on On Assignment’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $653 million and quarterly net profit of $33.1 million. In comparison, last year the company earned revenue of $629 million and had a net profit of $29.77 million.

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On Assignment, Inc. engages in the provision of personnel services in technology, life sciences, digital and creative sectors. It operates through the following segment: Apex and Oxford.