Macquarie Cuts Aon to Neutral (AON)

By admin | 6 years ago

Aon (NYSE: AON) was downgraded by equities researchers at Macquarie from an “outperform” rating to a “neutral” rating in a report issued on Thursday.

Shares of Aon traded up 0.34% during mid-day trading on Thursday, hitting $48.325. Aon has a 52 week low of $39.68 and a 52 week high of $53.33. The company has a market cap of $15.974 billion and a P/E ratio of 16.80.

Aon last announced its earnings results on Friday, May 4th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.11. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, analysts predict that Aon will post $0.92 earnings per share next quarter.

A number of other firms have also recently commented on AON. Analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Aon from $49.00 to $53.00 in a research note to investors on Monday, April 2nd. They now have an “equal weight” rating on the stock. Analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of Aon to $55.00 in a research note to investors on Tuesday, February 14th.

Aon Corporation (Aon) provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services.

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