Is There More Upside Ahead For Aon plc. (NYSE: AON)

Aon plc. (AON) concluded trading on Thursday at a closing price of $298.95, with 2.85 million shares of worth about $851.22 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.68% during that period and on July 25, 2024 the price saw a gain of about 0.25%. Currently the company’s common shares owned by public are about 217.43M shares, out of which, 214.93M shares are available for trading.

Stock saw a price change of -0.24% in past 5 days and over the past one month there was a price change of 2.09%. Year-to-date (YTD), AON shares are showing a performance of 2.72% which decreased to -12.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $268.06 but also hit the highest price of $344.68 during that period. The average intraday trading volume for Aon plc. shares is 1.64 million. The stock is currently trading 0.94% above its 20-day simple moving average (SMA20), while that difference is up 2.50% for SMA50 and it goes to -2.72% lower than SMA200.

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Aon plc. (NYSE: AON) currently have 217.43M outstanding shares and institutions hold larger chunk of about 82.88% of that.

The stock has a current market capitalization of $65.00B and its 3Y-monthly beta is at 0.90. PE ratio of stock for trailing 12 months is 23.43, while it has posted earnings per share of $12.76 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AON, volatility over the week remained 1.62% while standing at 1.42% over the month.

Stock’s fiscal year EPS is expected to rise by 9.08% while it is estimated to increase by 11.90% in next year. EPS is likely to shrink at an annualized rate of 9.70% for next 5-years, compared to annual growth of 24.04% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on May 22, 2024 offering a Neutral rating for the stock and assigned a target price of $309 to it. Coverage by BofA Securities stated Aon plc. (AON) stock as an Underperform in their note to investors on May 22, 2024, suggesting a price target of $306 for the stock. On January 10, 2024, TD Cowen Initiated their recommendations, while on January 08, 2024, JP Morgan Upgrade their ratings for the stock with a price target of $321. Stock get an Underperform rating from Keefe Bruyette on December 15, 2023.

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