Piper Sandler Forecasts Strong Price Appreciation for AON (NYSE:AON) Stock

Key Points

• Piper Sandler has raised its price target for AON from $393.00 to $413.00, indicating a potential upside of 11.78% based on the stock's current price.
• Despite the positive outlook from Piper Sandler, other analysts' targets for AON vary, with Barclays lowering their price target from $415.00 to $401.00 while Goldman Sachs set it at $408.00.
• AON's stock experienced a 0.9% decline during recent trading, closing at $369.47, and has a market cap of $79.78 billion.

AON (NYSE:AON - Get Free Report) had its price objective hoisted by equities researchers at Piper Sandler from $393.00 to $413.00 in a report issued on Monday,Benzinga reports. The firm presently has an "overweight" rating on the financial services provider's stock. Piper Sandler's price objective points to a potential upside of 11.78% from the stock's current price.

Other analysts have also recently issued research reports about the company. Barclays reduced their price objective on AON from $415.00 to $401.00 and set an "overweight" rating for the company in a research report on Monday, July 7th. The Goldman Sachs Group raised AON from a "neutral" rating to a "buy" rating and set a $408.00 price objective for the company in a research report on Tuesday, May 13th. Wells Fargo & Company reissued an "overweight" rating and set a $438.00 price objective (up previously from $436.00) on shares of AON in a research report on Thursday, July 10th. Evercore ISI raised their target price on AON from $411.00 to $421.00 and gave the company an "outperform" rating in a report on Monday. Finally, Jefferies Financial Group lifted their price objective on AON from $396.00 to $416.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, AON currently has a consensus rating of "Hold" and an average price target of $407.14.

AON Stock Down 0.9%

Shares of AON traded down $3.42 during trading on Monday, reaching $369.47. The company's stock had a trading volume of 406,264 shares, compared to its average volume of 1,313,543. The company has a quick ratio of 1.73, a current ratio of 1.52 and a debt-to-equity ratio of 1.93. The company has a fifty day moving average of $358.28 and a two-hundred day moving average of $370.90. AON has a twelve month low of $315.02 and a twelve month high of $412.97. The company has a market cap of $79.78 billion, a price-to-earnings ratio of 30.96, a P/E/G ratio of 2.22 and a beta of 0.84.

AON (NYSE:AON - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.40 by $0.09. AON had a return on equity of 50.91% and a net margin of 15.54%. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same quarter last year, the business posted $2.93 EPS. The business's revenue was up 10.5% on a year-over-year basis. On average, sell-side analysts predict that AON will post 17.21 EPS for the current fiscal year.

Institutional Investors Weigh In On AON

Several hedge funds have recently bought and sold shares of AON. Financial Gravity Asset Management Inc. acquired a new stake in shares of AON in the first quarter valued at approximately $28,000. Saudi Central Bank acquired a new stake in shares of AON in the first quarter valued at approximately $31,000. HHM Wealth Advisors LLC raised its position in shares of AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock valued at $33,000 after buying an additional 29 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in AON in the second quarter valued at approximately $32,000. Finally, Pinnacle Bancorp Inc. increased its stake in AON by 56.9% in the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 33 shares during the last quarter. 86.14% of the stock is currently owned by institutional investors and hedge funds.

About AON

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.