Seeking Alpha

ASGN
On Assignment, Inc. - NYSE

7/9/2014, 10:45 PM ET
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There are 2 articles on this stock available only to PRO subscribers.
  • On Assignment: More Upside On Continued Growth
      ONeil Trader Sat, Apr. 5 1 Comment

    Summary

    • On Assignment should keep benefiting from the secular growth trends in the staffing industry and the company should continue to exploit its niche expertise.
    • Recent acquisitions are complementary to the core business, while the divestment of Allied Healthcare is a good decision since the addressable market is small and the company could become dominant.
    • Based on previous valuation trends, there is 20% to 30% upside in the next twelve months.
    • Downside should be limited to a forward EV/EBITDA ratio of 10, and if the price gets there, it should be regarded as a strong buying opportunity.
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Company Description

On Assignment, Inc. is a provider of highly skilled, hard-to-find professionals in the growing life sciences, healthcare, and technology sectors. It operates in four segments; Apex, Oxford, Life Sciences and Physician.