Morgan Stanley Analysts Begin Coverage on Aon (AON)

By admin | 6 years ago

Morgan Stanley (NYSE: MS) initiated coverage on shares of Aon (NYSE: AON) in a research note issued on Friday. The firm set an “equalweight” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at Credit Suisse (NYSE: CS) raised their price target on shares of Aon to $51.00 in a research note to investors on Thursday, May 24th. Separately, analysts at Deutsche Bank (NYSE: DB) downgraded shares of Aon from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, May 15th. Finally, analysts at Macquarie downgraded shares of Aon from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, May 10th.

Aon opened at 45.11 on Friday. Aon has a 52-week low of $39.68 and a 52-week high of $52.61. The company has a market cap of $14.725 billion and a price-to-earnings ratio of 15.74.

Aon last posted its quarterly earnings results on Friday, May 4th. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.87 by $0.11. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts expect that Aon will post $0.93 EPS next quarter.

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

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