Sterne Agee Downgrades Aon to “Neutral” (AON) - InvestingChannel

Sterne Agee Downgrades Aon to “Neutral” (AON)

Shares of Aon opened at 57.75 on Monday. Aon has a 52 week low of $45.04 and a 52 week high of $58.21. The stock?s 50-day moving average is currently $56.75. The company has a market cap of $18.403 billion and a P/E ratio of 20.06.

Aon last issued its quarterly earnings data on Friday, October 26th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.79 billion. The company?s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts predict that Aon will post $4.20 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital reiterated an ?equalweight? rating on shares of Aon in a research note to investors on Thursday, January 3rd. They now have a $55.00 price target on the stock, up previously from $53.00. Separately, analysts at Stifel Nicolaus reiterated a ?buy? rating on shares of Aon in a research note to investors on Thursday, December 27th. Finally, analysts at Macquarie reiterated a ?neutral? rating on shares of Aon in a research note to investors on Tuesday, December 18th. They now have a $60.00 price target on the stock.

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