Aon plc (AON) Stock Overview
Publication Date: September 22, 2024
Aon plc (AON) is a prominent professional services firm headquartered in Dublin, Ireland, with a legacy that dates back to 1919. Renowned for its comprehensive range of risk management and human capital solutions, Aon operates on a global scale. It delivers essential services in commercial risk, health solutions, reinsurance, corporate finance advisory, and strategic design consulting. Classified under the Financials sector and specifically the Insurance Brokers industry, Aon plays a vital role in the insurance and financial services landscape.
Current Market Analysis
As of now, the insurance brokerage industry, which Aon is a part of, holds total revenues of approximately $14.16 billion, reflecting the sector’s robust nature. Analysts recommend a “hold” on Aon’s stock, with a target high price of $413.00, hinting at potential growth opportunities, especially considering the stock currently trades at $347.03. Despite a cautious outlook, indicated by the 0.0205% short interest across the 217,242,000 shares outstanding, the relatively low level of bearish sentiment suggests investor confidence in the company’s performance.
The current price holds a significant position above its fifty-day moving average of $329.82, demonstrating a positive trend. Aon’s stock is currently near its fifty-two week high of $353.54, showcasing considerable growth from the past year’s low of $268.06. This upward momentum underlines investor interest, but with the stock priced close to its peak, caution is advisable as it approaches higher thresholds.
Analyst Insights and Recommendations
A comprehensive analysis from seventeen analysts generates a consensus recommendation score of 2.8, signaling a cautious approach for shareholders. The average target mean price sits at $346.71, with a median target of $340.00, suggesting that analysts foresee minimal movement around current levels in the near future. While the revenue of $14.16 billion reflects a strong operational performance, the absence of EBITDA data limits a deeper understanding of Aon’s profitability.
Investors should be aware of the projected price range, with a target low of $300.00. While Aon displays promising growth potential, the consensus encourages maintaining current positions rather than making drastic changes in trading strategies. Overall, Aon plc exhibits bullish characteristics, warranting vigilant observation as it approaches its historical peak price.
| Metric | Value |
|---|---|
| Market Cap | $75.4b |
| Total Debt | $18.5b |
| Total Cash | $1.0b |
| Shares Outstanding | 217.2m |
| Float Shares | 210.4m |
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