Stock Rating Downgrade
Of late the Value Trend Rating for AAON Inc (NASDAQ: AAON) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
AAON Inc (NASDAQ: AAON) stock closed at $79.28 on 6/21/24 after a modest decline of -1.2%. Moreover, unusually high trading volume at 150% of normal accompanied the decline. The stock has risen 6.9% during the last week and 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 C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. AAON has a poor Appreciation Score of 28 but a very high Power Rating of 93, triggering the High Neutral Value Trend Rating.
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