Alert: Positive Investment/Fundamental Signals (11/7/23)-A. O. Smith Corp (NYSE: AOS)


A. O. Smith Corp (NYSE: AOS) has benefited from exceptional positive changes in investment behavior: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Recent significant positive changes in fundamentals have benefitted A. O. Smith Corp (NYSE: AOS): significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2023 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above 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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. A. O. Smith has a poor Appreciation Score of 20 but a good Power Rating of 78, producing the Neutral Value Trend Rating.

Recent Price Action

A. O. Smith Corp (NYSE: AOS) stock declined modestly by -0.6% on 11/7/23. The stock closed at $70.65. The stock has been strong relative to the market over the last nine months and has risen 1.7% during the last week.

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