AON (NYSE:AON) PT Raised to $254.00

AON (NYSE:AON) had its price target lifted by stock analysts at Morgan Stanley from $236.00 to $254.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 7.40% from the company’s current price.

Several other equities analysts have also recently issued reports on the company. Atlantic Securities raised AON from a “neutral” rating to an “overweight” rating and set a $265.00 price objective for the company in a report on Thursday, February 11th. JPMorgan Chase & Co. raised their price target on shares of AON from $228.00 to $241.00 and gave the company an “overweight” rating in a research report on Monday. They noted that the move was a valuation call. Zacks Investment Research raised shares of AON from a “hold” rating to a “buy” rating and set a $237.00 target price on the stock in a research note on Tuesday, February 9th. Evercore ISI initiated coverage on shares of AON in a report on Thursday, December 17th. They issued an “inline” rating and a $231.00 price target for the company. Finally, Wells Fargo & Company lifted their price objective on AON from $256.00 to $275.00 and gave the stock an “overweight” rating in a report on Monday, February 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. AON currently has an average rating of “Buy” and an average target price of $225.92.

Shares of NYSE AON opened at $236.50 on Friday. AON has a 52 week low of $167.45 and a 52 week high of $239.99. The business’s 50 day moving average price is $230.17 and its 200 day moving average price is $213.38. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 2.00. The firm has a market cap of $53.45 billion, a P/E ratio of 30.52 and a beta of 0.83.

AON (NYSE:AON) last released its quarterly earnings data on Thursday, February 4th. The financial services provider reported $2.62 EPS for the quarter, beating the consensus estimate of $2.46 by $0.16. AON had a net margin of 16.56% and a return on equity of 65.00%. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the prior year, the firm earned $2.53 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, research analysts expect that AON will post 9.66 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in AON. TPG Financial Advisors LLC purchased a new position in shares of AON during the first quarter worth about $223,000. GPS Wealth Strategies Group LLC acquired a new stake in AON during the 1st quarter worth $46,000. Pioneer Trust Bank N A OR acquired a new position in AON in the first quarter valued at $211,000. Heron Financial Group LLC grew its holdings in shares of AON by 0.9% during the first quarter. Heron Financial Group LLC now owns 5,627 shares of the financial services provider’s stock worth $1,304,000 after buying an additional 50 shares during the last quarter. Finally, Veriti Management LLC lifted its position in AON by 5.8% during the 1st quarter. Veriti Management LLC now owns 2,370 shares of the financial services provider’s stock worth $545,000 after acquiring an additional 130 shares during the period. 95.71% of the stock is currently owned by institutional investors.

About AON

Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captive insurance solutions provider; and health solutions, such as health and benefits brokerages, and health care exchanges.

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