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On Wednesday, Keefe, Bruyette & Woods analysts increased the price target on Aon Corp (NYSE:AON) shares to $414 from the previous target of $411, while continuing to recommend the stock as Outperform. The adjustment follows Aon’s fourth-quarter 2024 earnings report and subsequent conference call.
In their commentary, the analysts acknowledged the need to revise their earnings per share (EPS) estimates for 2025 and 2026 to $17.15 and $19.25, respectively, down from their earlier projections of $17.40 and $20.05. This revision takes into account an anticipated rise in share count and taxes, which is expected to be partially balanced by stronger organic growth and improved margins. The company has demonstrated solid growth fundamentals, with revenue increasing by 17.4% in the last twelve months.
The analysts expressed a generally cautious stance on brokerage firms due to the gradual slowdown of organic growth tailwinds. However, they believe Aon’s consistent performance in managing expenses and the company’s solid prospects for organic growth position it well for potential multiple expansion and share price outperformance in the upcoming 12 months. According to InvestingPro analysis, the stock is currently trading above its Fair Value, with analyst targets ranging from $313 to $445. The company has maintained dividend payments for 46 consecutive years, demonstrating strong financial stability.
The price target set by Keefe, Bruyette & Woods is based on 21.5 times the firm’s estimated 2026 earnings per share. This valuation reflects their confidence in Aon’s ability to navigate the market environment and continue delivering growth.
Aon Corp, a leading global professional services firm providing a broad range of risk, retirement, and health solutions, has not issued any public comment regarding the new price target or the analyst’s outlook at the time of this report.
In other recent news, Aon Corp has seen a flurry of activity from financial analysts. BMO Capital reduced its price target for Aon from $380 to $373, citing a missed fourth-quarter free cash flow estimate. This was in contrast to Morgan Stanley (NYSE:MS), which raised its price target from $375 to $385, highlighting Aon’s potential for revenue growth and margin expansion. Meanwhile, RBC Capital Markets increased their price target from $390 to $400, praising Aon’s steady organic growth across its business units.
Piper Sandler also raised its price target for Aon to $384 from $372, reflecting a positive assessment of the company’s recent quarterly performance. The firm highlighted Aon’s strong organic growth and confidence in the company’s strategic 3x3 restructuring plan. In contrast, BofA Securities increased the price target for Aon to $421 from $406, noting that the company’s recent performance exceeded forecasts.
While these developments are recent, they reflect a mixed view from analysts on Aon’s performance and future prospects. The adjustments in price targets and ratings underscore the dynamic nature of financial markets and the ongoing evaluation of company performance by investment firms.
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