Goldman Sachs Now Covering Aon Corporation (NYSE:AON) With $149.00 Target

December 5, 2017 - By reb123z

 Goldman Sachs Now Covering Aon Corporation (NYSE:AON) With $149.00 Target

Why Has Goldman Sachs Given Aon Corporation (NYSE:AON) a $149.00 Price Target

In analysts report released on Monday morning, stock analysts at Goldman Sachs has started coverage for Aon Corporation (NYSE:AON) shares. The firm has decided to set a Neutral rating along with a $149.00, adding 7.51 % to the target.

Aon plc (NYSE:AON) Ratings Coverage

Among 14 analysts covering Aon Corporation (NYSE:AON), 3 have Buy rating, 2 Sell and 9 Hold. Therefore 21% are positive. Aon Corporation has $170.0 highest and $13 lowest target. $130.69’s average target is -5.70% below currents $138.59 stock price. Aon Corporation had 42 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Tuesday, September 5. The stock of Aon plc (NYSE:AON) earned “Buy” rating by Jefferies on Monday, October 30. The company was upgraded on Monday, November 7 by Sandler O’Neill. Jefferies maintained Aon plc (NYSE:AON) rating on Friday, October 13. Jefferies has “Buy” rating and $162.0 target. As per Monday, May 2, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating given on Friday, August 4 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, September 5 report. Janney Capital downgraded Aon plc (NYSE:AON) on Wednesday, June 21 to “Neutral” rating. Jefferies maintained Aon plc (NYSE:AON) rating on Friday, October 27. Jefferies has “Buy” rating and $170.0 target. The stock of Aon plc (NYSE:AON) earned “Buy” rating by Citigroup on Thursday, July 13.

The stock decreased 0.77% or $1.08 during the last trading session, reaching $138.59. About 170,391 shares traded. Aon plc (NYSE:AON) has risen 21.47% since December 5, 2016 and is uptrending. It has outperformed by 4.77% the S&P500.

Analysts await Aon plc (NYSE:AON) to report earnings on February, 9. They expect $2.36 EPS, down 7.81 % or $0.20 from last year’s $2.56 per share. AON’s profit will be $590.06 million for 14.68 P/E if the $2.36 EPS becomes a reality. After $1.29 actual EPS reported by Aon plc for the previous quarter, Wall Street now forecasts 82.95 % EPS growth.

Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. The company has market cap of $34.65 billion. The firm operates through two divisions, Risk Solutions and HR Solutions. It has a 20.24 P/E ratio. The Risk Solutions segment offers retail brokerage services, including affinity products, managing general underwriting, placement, captive management services, and data and analytics; risk management solutions for property liability, general liability, professional liability, directors' and officers' liability, transaction liability, cyber liability, workers' compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs.

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