Stock Rating Upgrade
The Value Trend Rating for A. O. Smith Corp (NYSE: AOS) improved of late from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
A. O. Smith Corp (NYSE: AOS) stock declined slightly by -0.7% on 4/8/24. The stock closed at $86.97. Trading volume in this decline was normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -2.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AOS is expected to continue to be a major Value Builder.
A. O. Smith has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. A. O. Smith has a very low Appreciation Score of 11 but a good Power Rating of 79, producing the Low Neutral Value Trend Rating.
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