Aon PLC (AON) Price Target Lowered to $99.00 at Barclays PLC
Aon PLC (NYSE:AON) had its target price decreased by analysts at Barclays PLC from $104.00 to $99.00 in a research note issued to investors on Friday, StockTargetPrices.com reports. The brokerage presently has an “equal weight” rating on the stock. Barclays PLC’s price target indicates a potential downside of 11.99% from the company’s previous close.
Several other research firms have also recently weighed in on AON. Jefferies Group lifted their price target on shares of Aon PLC from $120.00 to $123.00 and gave the company a “buy” rating in a report on Monday, August 1st. Langen Mcalenn reiterated a “buy” rating on shares of Aon PLC in a report on Tuesday, August 2nd. Zacks Investment Research upgraded shares of Aon PLC from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a report on Monday, July 4th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of Aon PLC in a report on Tuesday, June 7th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $115.00 price target (up previously from $107.00) on shares of Aon PLC in a report on Tuesday, July 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Aon PLC presently has a consensus rating of “Hold” and a consensus price target of $107.92.
Shares of Aon PLC (NYSE:AON) opened at 112.49 on Friday. The company has a market cap of $29.88 billion, a price-to-earnings ratio of 21.18 and a beta of 1.06. Aon PLC has a 1-year low of $83.83 and a 1-year high of $113.78. The stock has a 50 day moving average of $110.68 and a 200 day moving average of $107.49.
Aon PLC (NYSE:AON) last issued its earnings results on Friday, July 29th. The company reported $1.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.39. Aon PLC had a net margin of 12.65% and a return on equity of 30.10%. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter last year, the business earned $1.31 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. On average, equities analysts forecast that Aon PLC will post $6.49 EPS for the current year.
In other news, CEO Stephen P. Mcgill sold 46,698 shares of Aon PLC stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $108.41, for a total value of $5,062,530.18. Following the completion of the transaction, the chief executive officer now owns 252,071 shares of the company’s stock, valued at approximately $27,327,017.11. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of AON. Compagnie Lombard Odier SCmA acquired a new position in shares of Aon PLC during the second quarter worth $121,000. Hudock Capital Group LLC raised its position in shares of Aon PLC by 70.1% in the second quarter. Hudock Capital Group LLC now owns 1,446 shares of the company’s stock worth $157,000 after buying an additional 596 shares during the period. Checchi Capital Advisers LLC raised its position in shares of Aon PLC by 4.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,776 shares of the company’s stock worth $194,000 after buying an additional 81 shares during the period. Chesley Taft & Associates LLC acquired a new position in shares of Aon PLC during the second quarter worth $203,000. Finally, Tufton Capital Management acquired a new position in shares of Aon PLC during the second quarter worth $208,000. 84.51% of the stock is owned by institutional investors and hedge funds.
Aon PLC Company Profile
Aon plc (Aon) is a global provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing, delivering distinctive client value via risk management and workforce productivity solutions. The Company operates in two segments: Risk Solutions and Human Resource (HR) Solutions.
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