Alert: Positive Investment/Fundamental Signals (11/29/23)-AAON Inc (NASDAQ: AAON)


Recent exceptional positive changes in investment behavior have benefitted AAON Inc (NASDAQ: AAON): its shorter term price trend turned up, and positive upside/downside volume developed.

AAON Inc (NASDAQ: AAON) has benefited from important positive changes in fundamentals: significant quarterly sales 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

AAON is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.

AAON has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. AAON has a poor Appreciation Score of 21 but a good Power Rating of 73, triggering the Low Neutral Value Trend Rating.

Recent Price Action

On 11/29/23, AAON Inc (NASDAQ: AAON) stock rose slightly by 0.2%, closing at $62.04. However, trading volume in this advance was unusually low at 60% of normal. The stock has performed in line with the market over the last nine months and has declined -1.9% during the last week.

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