The stock price of Aon plc. (NYSE: AON) has plunged by -0.92 when compared to previous closing price of 308.83, but the company has seen a -0.87% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-25 that 5 Upcoming Dividend Increases
Is It Worth Investing in Aon plc. (NYSE: AON) Right Now?
Aon plc. (NYSE: AON) has a higher price-to-earnings ratio of 24.52x compared to its average ratio. AON has 36-month beta value of 0.87. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 11 as “hold,” and 2 as “sell.”
The public float for AON is 195.99M, and currently, short sellers hold a 1.00% ratio of that float. The average trading volume of AON on April 26, 2024 was 944.75K shares.
AON’s Market Performance
AON’s stock has seen a -0.87% decrease for the week, with a -7.25% drop in the past month and a 2.10% gain in the past quarter. The volatility ratio for the week is 1.07%, and the volatility levels for the past 30 days are at 1.45% for Aon plc. The simple moving average for the last 20 days is -3.22% for AON stock, with a simple moving average of -4.21% for the last 200 days.
Analysts’ Opinion of AON
Many brokerage firms have already submitted their reports for AON stocks, with TD Cowen repeating the rating for AON by listing it as a “Outperform.” The predicted price for AON in the upcoming period, according to TD Cowen is $390 based on the research report published on January 10, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see AON reach a price target of $321, previously predicting the price at $351. The rating they have provided for AON stocks is “Overweight” according to the report published on January 08th, 2024.
Keefe Bruyette gave a rating of “Underperform” to AON, setting the target price at $328 in the report published on December 15th of the previous year.
AON Trading at -3.56% from the 50-Day Moving Average
After a stumble in the market that brought AON to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.91% of loss for the given period.
Volatility was left at 1.45%, however, over the last 30 days, the volatility rate increased by 1.07%, as shares sank -8.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.09% lower at present.
During the last 5 trading sessions, AON fell by -0.87%, which changed the moving average for the period of 200-days by -9.79% in comparison to the 20-day moving average, which settled at $314.80. In addition, Aon plc. saw 5.15% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AON starting from Stevens Lisa, who sale 315 shares at the price of $316.31 back on Mar 06 ’24. After this action, Stevens Lisa now owns 9,723 shares of Aon plc., valued at $99,690 using the latest closing price.
Andersen Eric, the President of Aon plc., sale 5,500 shares at $313.74 during a trade that took place back on Mar 01 ’24, which means that Andersen Eric is holding 164,618 shares at $1,725,568 based on the most recent closing price.
Stock Fundamentals for AON
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.59 for the gross margin
The net margin for Aon plc. stands at 0.19. The total capital return value is set at 0.32. Equity return is now at value 714.29, with 7.69 for asset returns.
Based on Aon plc. (AON), the company’s capital structure generated 1.08 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at -13.78. The interest coverage ratio of the stock is 8.1.
Currently, EBITDA for the company is 4.4 billion with net debt to EBITDA at 2.75. When we switch over and look at the enterprise to sales, we see a ratio of 5.38. The receivables turnover for the company is 4.07for trailing twelve months and the total asset turnover is 0.39.
Conclusion
To put it simply, Aon plc. (AON) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
