AAON Inc (NASDAQ: AAON) stock closed at $78.40 on 5/3/24 after a major decline of -13.7%. Moreover, this decline was accompanied by exceptionally high trading volume at 393% of normal. The stock has declined -12.8% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AAON is expected to continue to be a major Value Builder.
AAON has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. AAON has a poor Appreciation Score of 29 but a very high Power Rating of 98, producing the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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