Aon plc. (NYSE: AON)’s stock price has plunge by -0.27relation to previous closing price of 295.57. Nevertheless, the company has seen a 2.08% surge in its stock price over the last five trading sessions. businesswire.com reported 2024-06-20 that SEATTLE–(BUSINESS WIRE)–Moat Metrics Inc., a Spokane, WA based company that delivers AI driven next generation business and research intelligence, announced today that it has acquired technology and intellectual property (IP) assets from Aon, a leading global professional services firm. Moat Metrics was formed to deliver an entirely new intelligence dimension in investment research and business intelligence to help clients make better investment and business decisions. Founded by Lewis Lee, f.
Is It Worth Investing in Aon plc. (NYSE: AON) Right Now?
The price-to-earnings ratio for Aon plc. (NYSE: AON) is above average at 23.10x. The 36-month beta value for AON is also noteworthy at 0.91. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 11 rating it as “hold,” and 2 rating it as “sell.”
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The public float for AON is 214.93M, and at present, short sellers hold a 1.48% of that float. The average trading volume of AON on July 04, 2024 was 1.62M shares.
AON’s Market Performance
The stock of Aon plc. (AON) has seen a 2.08% increase in the past week, with a 4.80% rise in the past month, and a -9.15% fall in the past quarter. The volatility ratio for the week is 1.16%, and the volatility levels for the past 30 days are at 1.51% for AON. The simple moving average for the past 20 days is 0.73% for AON’s stock, with a -4.88% simple moving average for the past 200 days.
Analysts’ Opinion of AON
Many brokerage firms have already submitted their reports for AON stocks, with Citigroup repeating the rating for AON by listing it as a “Neutral.” The predicted price for AON in the upcoming period, according to Citigroup is $309 based on the research report published on May 22, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see AON reach a price target of $306, previously predicting the price at $345. The rating they have provided for AON stocks is “Underperform” according to the report published on May 22nd, 2024.
TD Cowen gave a rating of “Outperform” to AON, setting the target price at $390 in the report published on January 10th of the current year.
AON Trading at 1.70% 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 -14.48% of loss for the given period.
Volatility was left at 1.51%, however, over the last 30 days, the volatility rate increased by 1.16%, as shares surge +3.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.22% lower at present.
During the last 5 trading sessions, AON rose by +2.08%, which changed the moving average for the period of 200-days by -12.31% in comparison to the 20-day moving average, which settled at $293.14. In addition, Aon plc. saw 1.29% 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 KNIGHT LESTER B, who purchase 10,000 shares at the price of $276.61 back on May 03 ’24. After this action, KNIGHT LESTER B now owns 139,000 shares of Aon plc., valued at $2,766,116 using the latest closing price.
Stevens Lisa, the Chief People Officer of Aon plc., sale 315 shares at $316.31 during a trade that took place back on Mar 06 ’24, which means that Stevens Lisa is holding 9,723 shares at $99,690 based on the most recent closing price.
Stock Fundamentals for AON
Current profitability levels for the company are sitting at:
- 0.3 for the present operating margin
- 0.71 for the gross margin
The net margin for Aon plc. stands at 0.19. The total capital return value is set at 0.22. Equity return is now at value 714.29, with 6.89 for asset returns.
Based on Aon plc. (AON), the company’s capital structure generated 1.01 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at -125.57. The interest coverage ratio of the stock is 7.95.
Currently, EBITDA for the company is 4.4 billion with net debt to EBITDA at 3.79. When we switch over and look at the enterprise to sales, we see a ratio of 5.89. The receivables turnover for the company is 3.37for trailing twelve months and the total asset turnover is 0.34.
Conclusion
In summary, Aon plc. (AON) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
