Aon Plc Rating Reiterated by Citigroup Inc. (AON)
Aon Plc (NYSE:AON)‘s stock had its “buy” rating reaffirmed by Citigroup Inc. in a research note issued on Monday. They currently have a $101.00 target price on the stock, up from their previous target price of $99.00. Citigroup Inc.’s price target suggests a potential upside of 17.01% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sandler O’Neill downgraded shares of Aon Plc from a “buy” rating to a “hold” rating in a research note on Monday. Separately, analysts at Guggenheim downgraded shares of Aon Plc from a “buy” rating to a “neutral” rating in a research note on Monday. They now have a $85.00 price target on the stock, down previously from $91.00. Finally, analysts at RBC Capital raised their price target on shares of Aon Plc from $94.00 to $96.00 in a research note on Monday. They now have an “outperform” rating on the stock. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Aon Plc presently has an average rating of “Hold” and an average price target of $88.38.
In other Aon Plc news, EVP Peter M. Lieb sold 9,367 shares of the stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $89.79, for a total transaction of $841,062.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Aon Plc (NYSE:AON) traded up 1.25% during mid-day trading on Monday, hitting $87.40. 1,605,781 shares of the company’s stock traded hands. Aon Plc has a 52-week low of $65.91 and a 52-week high of $91.28. The stock’s 50-day moving average is $90.11 and its 200-day moving average is $85.64. The company has a market cap of $25.386 billion and a price-to-earnings ratio of 21.42.
Aon Plc (NYSE:AON) last released its earnings data on Friday, July 25th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.05. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the previous year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. Analysts expect that Aon Plc will post $5.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Wednesday, July 30th.
Aon plc (NYSE: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.
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