AON (NYSE:AON) PT Raised to $384.00 at Evercore ISI

AON (NYSE:AON) had its target price lifted by equities researchers at Evercore ISI from $338.00 to $384.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “in-line” rating on the financial services provider’s stock. Evercore ISI’s price target would indicate a potential upside of 8.60% from the stock’s previous close.

AON has been the subject of a number of other reports. Morgan Stanley cut their price target on AON from $300.00 to $296.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Piper Sandler upped their target price on shares of AON from $312.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of AON from $311.00 to $353.00 and gave the stock a “hold” rating in a report on Monday, August 26th. Wells Fargo & Company raised their target price on shares of AON from $287.00 to $300.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th. Finally, Keefe, Bruyette & Woods upgraded AON from an “underperform” rating to an “outperform” rating and boosted their price target for the company from $313.00 to $380.00 in a report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $347.06.

AON Price Performance

Shares of NYSE AON opened at $353.59 on Wednesday. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 2.92. The company’s 50-day moving average price is $341.71 and its 200 day moving average price is $313.93. AON has a 52 week low of $268.06 and a 52 week high of $360.95. The stock has a market cap of $76.81 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 2.24 and a beta of 0.92.

AON (NYSE:AON) last released its quarterly earnings results on Friday, July 26th. The financial services provider reported $2.93 EPS for the quarter, missing the consensus estimate of $3.08 by ($0.15). AON had a net margin of 18.00% and a return on equity of 252.81%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the prior year, the company earned $2.76 earnings per share. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, research analysts forecast that AON will post 15.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AON

A number of institutional investors have recently added to or reduced their stakes in the company. CVA Family Office LLC lifted its stake in shares of AON by 8.4% in the 3rd quarter. CVA Family Office LLC now owns 373 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 29 shares in the last quarter. waypoint wealth counsel grew its stake in AON by 3.6% during the third quarter. waypoint wealth counsel now owns 927 shares of the financial services provider’s stock worth $321,000 after buying an additional 32 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of AON by 7.4% in the third quarter. Massmutual Trust Co. FSB ADV now owns 536 shares of the financial services provider’s stock worth $185,000 after acquiring an additional 37 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of AON by 3.9% in the 1st quarter. Proficio Capital Partners LLC now owns 1,016 shares of the financial services provider’s stock valued at $339,000 after acquiring an additional 38 shares during the period. Finally, Avantax Advisory Services Inc. lifted its holdings in shares of AON by 5.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 729 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.

AON Company Profile

Aon plc, a professional services firm, provides a range of risk and human capital solutions worldwide. It offers commercial risk solutions, including retail brokerage, specialty solutions, global risk consulting and captives management, and affinity programs; and health solutions, such as health and benefits brokerages, and health care exchanges.