Price Don’t Lie: Is Aon plc Class A Ordinary Shares (UK) a Buy? The Stock Reaches 52-Week High Today

Price Don't Lie: Is Aon plc Class A Ordinary Shares (UK) a Buy? The Stock Reaches 52 Week High Today

The stock of Aon plc Class A Ordinary Shares (UK) (NYSE:AON) hit a new 52-week high and has $118.83 target or 5.00% above today’s $113.17 share price. The 7 months bullish chart indicates low risk for the $29.82B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $118.83 price target is reached, the company will be worth $1.49B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 188,564 shares traded hands. Aon plc Class A Ordinary Shares (UK) (NYSE:AON) has risen 9.86% since April 21, 2016 and is uptrending. It has outperformed by 4.53% the S&P500.

Analysts await Aon plc Class A Ordinary Shares (UK) (NYSE:AON) to report earnings on February, 3. They expect $2.49 EPS, up 9.69% or $0.22 from last year’s $2.27 per share. AON’s profit will be $656.11M for 11.36 P/E if the $2.49 EPS becomes a reality. After $1.29 actual EPS reported by Aon plc Class A Ordinary Shares (UK) for the previous quarter, Wall Street now forecasts 93.02% EPS growth.

Aon plc Class A Ordinary Shares (UK) (NYSE:AON) Ratings Coverage

Out of 7 analysts covering Aon Corporation (NYSE:AON), 3 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 43% are positive. Aon Corporation has been the topic of 17 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, August 9 by M Partners. The stock has “” rating given by Janney Capital on Monday, August 3. The firm earned “Buy” rating on Friday, April 8 by Citigroup. The stock of Aon plc Class A Ordinary Shares (UK) (NYSE:AON) has “Buy” rating given on Monday, November 7 by Sandler O’Neill. The rating was upgraded by Zacks to “Sell” on Tuesday, August 4. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, November 2. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, May 2 report. Raymond James downgraded the shares of AON in a report on Friday, April 15 to “Underperform” rating. As per Monday, November 21, the company rating was upgraded by Keefe Bruyette & Woods. The firm earned “Sector Perform” rating on Monday, October 31 by RBC Capital Markets.

According to Zacks Investment Research, “Aon PLC provides risk management services, insurance and reinsurance brokerage and human resource consulting and outsourcing. The company’s risk management services segment offers solutions for property liability, general liability, professional liability, directors’ and officers’ liability, workers’ compensation and various healthcare products along with others. Its insurance and reinsurance brokerage segment offers property and casualty reinsurance and specialty lines, which includes medical malpractice, accident, life, and health, as well as capital management transaction and advisory services. Its human resource consulting and outsourcing segment offers human capital services in the areas of health and benefits, retirement, compensation and strategic human capital. Aon PLC, formally known as Aon Corporation, is headquartered in London, the United Kingdom.”

AON Company Profile

Aon plc, incorporated on December 8, 2011, is a well-known provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing. The Firm operates through two divisions: Risk Solutions and HR Solutions. The Risk Solutions segment acts as an advisor and insurance and reinsurance broker, helping clients manage their risks, through consultation, as well as negotiation and placement of insurance risk with insurance carriers through its global distribution network. The HR Solutions segment partners with organizations to solve their human capital and related financial challenges in the areas of health, retirement and talent. The Firm is engaged in designing, implementing, communicating and administering a range of human capital, retirement, investment consulting, healthcare, compensation and talent management strategies.

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