10 Cheap Small Cap Stocks to Invest In Now

5. ASGN Incorporated (NYSE:ASGN)

​Forward P/E: 9.95

Market Cap: $1.94 billion

Number of Hedge Fund Holders: 26

ASGN Incorporated (NYSE:ASGN) is one of the best cheap small cap stocks to invest in now. On December 3, BMO Capital analyst Jeffrey Silber reiterated a Buy rating on ASGN Incorporated (NYSE:ASGN) with a $57 price target. While Truist also maintained a Buy rating on the stock on November 21, it lowered the price target to $50 from $65.

The firm told investors that the company’s Investor Day presentation entailed above-consensus financial targets, with management highlighting meaningful opportunities to help clients with AI as companies look towards ASGN Incorporated (NYSE:ASGN) for measurable outcomes from investments in automation. Although Truist acknowledged that AI could prove to be a catalyst for the company, it also stated that “automation presents risks for the company”.

Separately, ASGN Incorporated (NYSE:ASGN) announced plans on November 20 to transition to Everforth, a new parent brand that will unify the company’s six current brands under a “single, dynamic entity”. These current brands include Apex Systems, Creative Circle, CyberCoders, ECS, GlideFast, and TopBloc. The company would continue operations under its existing commercial and government brands during the transition.

Management stated that the move marks a significant milestone in ASGN Incorporated’s (NYSE:ASGN) ongoing evolution and would help the company drive operational efficiencies across the enterprise while delivering value to clients and deepening partner collaboration, as the initiative would merge complementary strengths and resources under the Everforth brand.

ASGN Incorporated (NYSE:ASGN) provides information technology services and solutions, and operates through the Commercial and Federal Government segments. The Commercial segment provides creative digital marketing, consulting, and permanent placement services, while the Federal Government segment provides mission-critical solutions.