The stock of Aon plc Class A Ordinary Shares (UK) (NYSE:AON) reached all time high today, Nov, 24 and still has $120.32 target or 6.00% above today’s $113.51 share price. This indicates more upside for the $29.82B company. This technical setup was reported by Barchart.com. If the $120.32 PT is reached, the company will be worth $1.79B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.13% or $0.15 on November 23, hitting $113.51. About 696,575 shares traded hands. Aon plc Class A Ordinary Shares (UK) (NYSE:AON) has risen 9.96% since April 22, 2016 and is uptrending. It has outperformed by 4.55% 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 $654.14 million for 11.40 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. Citigroup maintained Aon plc Class A Ordinary Shares (UK) (NYSE:AON) rating on Friday, April 8. Citigroup has “Buy” rating and $120 price target. As per Monday, November 2, the company rating was maintained by RBC Capital Markets. The firm has “Outperform” rating by Keefe Bruyette & Woods given on Monday, November 21. The stock of Aon plc Class A Ordinary Shares (UK) (NYSE:AON) earned “Underperform” rating by Raymond James on Friday, April 15. The rating was upgraded by Zacks to “Sell” on Tuesday, August 4. On Monday, August 3 the stock rating was initiated by Janney Capital with “”. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, May 2 report. As per Tuesday, August 9, the company rating was downgraded by M Partners. The company was upgraded on Monday, November 7 by Sandler O’Neill. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Monday, October 31 report.
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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