Aon plc (NYSE:AON) does about 795.81K shares in volume on a normal day but saw 834295 shares change hands in Tuesday trading. The company now has a market cap of 61.68B USD. Its current market price is $303.79, marking an increase of 0.69% compared to the previous close of $301.70. The 52 week high reached by this stock is $341.98 whilst the lowest price level in 52 weeks is $246.21. The script in recent trading has seen the stock touch a high of $304.07 and a low of $300.87.
Aon plc (AON) has a 20-day trading average at $288.67 and the current price is -11.17% off the 52-week high compared with 23.39% distance from its 52-week low. The 50-day simple moving average of the closing price is $281.58 and its 200-day simple moving average is $287.42. If we look at the stock’s price movements over the week, volatility stands at 1.69%, which increases to 2.39% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 64.75 to suggest the stock is neutral.
18 analysts observing the Aon plc (AON) stock have set the 12-month price targets for the company’s shares at between $255.00 and $335.00. The consensus objective for the share price is $302.77, suggesting that the stock has a potential downside of -0.34% over the period. The median price target is 0.23% away from the current levels at $304.50.
FactSet Research has provided data showing that 18 brokerages have issued ratings for the stock. 4 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 12 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
Goldman initiated its price target at $301.
The current price level is 5.67%, 8.04%, and 5.73% away from its SMA20, SMA50, and SMA200 respectively, with the AON price moving above the 50-day SMA on November 22. Aon plc (AON) stock is up 4.08% over the week and 6.78% over the past month. Its price is 1.07% year-to-date and 1.76% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $2.02 above consensus estimates by $0.03. The company’s next earnings report is expected on 02/03/2023, with forecasts estimating quarterly EPS at $3.64 and $13.13 for whole year. AON’s earnings per share are forecast to grow by 9.40% this year and 10.50% over next year. Expected sales for next quarter are $3.84 billion, which analysts say will come at $12.5 billion for the current fiscal year and next year at $13.13 billion. In addition, estimates put the company’s current quarterly revenue at an average of $3.11 billion.
To reach the target analysts have set, the stock logically needs to shrink -0.34 percent from here.
Outstanding shares total 213.30M with insiders holding 8.38% of the shares and institutional holders owning 89.34% of the company’s common stock. The company has a return on investment of 15.30% and return on equity of 106.40%. The price to earnings ratio (P/E ratio) amounts to 23.59 while the forward price to earnings ratio is 20.94. The beta has a value of 0.88. Price to book ratio is 94.64 and price to sales ratio is 4.96.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has added its position in Aon plc (AON) to 6,010,058 shares, mirroring a recent increase by 0.46%. Vanguard Total Stock Market Index added 27642.0 shares of Aon plc common stock bringing its total worth to about $1.69 billion at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by MFS Value Fund, which sold off 54868.0 shares to end up with 5,108,301 shares worth $1.44 billion. Vanguard 500 Index Fund raise their holdings by 0.99% in the company over the course of the most recent quarter. It now holds a 2.33% position in Aon plc thanks to 4.83 million shares amounting to $1.36 billion.