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Wednesday, January 27, 2021

Is the Rough Ride Over for Aon Plc (AON)

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Aon Plc (AON) shares are trading at higher $210.69 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $221.33.

To add more color to this target, the company’s high over the last year is $238.19 and the low is $143.93. Over the last 52 weeks, AON is up 4.51% while the S&P 500 is up 17.45%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, AON reported a profit of $363.0 million. Aon Plc also saw revenues increase to $2.38 billion. In addition, AON has free cash flow of $1.9 billion as of 09-2020. The company’s EBITDA came in at $533.0 million which compares well with its peers.

AON booked profit margins of 16.60%, its Return on Equity (ROE) is 53.20%, and its Return on Assets is 5.90%. All told, it is clear that, AON needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. AON has a short ratio of 12.49 and outstanding shares of 232.60M.

Company Outlook

AON has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.37 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 7.75. Investors should also keep an eye on sector updates as AON has historically followed its peers on positive news.

All told, Aon Plc AON has strung together solid data and demonstrated underlying fundamentals. At its current valuation, AON represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Aon Plc AON is now commanding a market cap of 48.34B and a float of 225.48M. AON is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of AON stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in AON, either long or short, and we have not been compensated for this article.

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