Evercore ISI Issues Pessimistic Forecast for AON (NYSE:AON) Stock Price

AON (NYSE:AON) had its target price cut by analysts at Evercore ISI from $420.00 to $398.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s price objective would indicate a potential upside of 16.22% from the stock’s previous close.

Several other analysts have also recently weighed in on AON. Royal Bank of Canada boosted their price objective on AON from $390.00 to $400.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Wells Fargo & Company lifted their price target on AON from $410.00 to $445.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Barclays reduced their target price on shares of AON from $440.00 to $430.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Redburn Atlantic raised shares of AON to a “hold” rating in a research report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. upped their price objective on AON from $394.00 to $409.00 and gave the company an “overweight” rating in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, AON has a consensus rating of “Hold” and a consensus price target of $392.00.

AON Stock Up 2.0 %

Shares of AON traded up $6.61 during midday trading on Monday, reaching $342.46. 257,418 shares of the stock were exchanged, compared to its average volume of 1,293,155. The company has a market cap of $73.97 billion, a price-to-earnings ratio of 27.02, a P/E/G ratio of 2.12 and a beta of 0.82. The firm has a 50 day simple moving average of $386.53 and a 200-day simple moving average of $375.91. AON has a 12-month low of $275.07 and a 12-month high of $412.97. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.58.

AON (NYSE:AON) last announced its earnings results on Friday, April 25th. The financial services provider reported $5.67 EPS for the quarter, missing the consensus estimate of $6.04 by ($0.37). The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.83 billion. AON had a return on equity of 70.84% and a net margin of 16.91%. Research analysts forecast that AON will post 17.21 EPS for the current year.

Hedge Funds Weigh In On AON

Institutional investors and hedge funds have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in AON during the 3rd quarter valued at about $1,685,000. Anchor Investment Management LLC grew its position in AON by 1,162.5% during the third quarter. Anchor Investment Management LLC now owns 101 shares of the financial services provider’s stock worth $35,000 after buying an additional 93 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its holdings in shares of AON by 11.1% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 10,093 shares of the financial services provider’s stock worth $3,492,000 after purchasing an additional 1,012 shares in the last quarter. World Investment Advisors LLC purchased a new stake in AON in the third quarter valued at approximately $275,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in AON in the 3rd quarter worth approximately $1,959,000. 86.14% of the stock is owned by institutional investors.

AON Company Profile

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.