Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for AAON Inc (NASDAQ: AAON) weakened recently. AAON’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 7/29/24, AAON Inc (NASDAQ: AAON) stock declined slightly by -0.1%, closing at $87.46. However, trading volume in this decline was exceptionally low at 40% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 0.6% during the last week.
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). 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 27 but a very high Power Rating of 95, with the High Neutral Value Trend Rating the result.
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