Alert: Positive Investment/Fundamental Signals (12/4/23)-A. O. Smith Corp (NYSE: AOS)


A. O. Smith Corp (NYSE: AOS) has recently enjoyed extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.

A. O. Smith Corp (NYSE: AOS). Notable positive changes in fundamentals have recently occurred: 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

AOS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

A. O. Smith has a current Value Trend Rating of C (Low 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 77, producing the Low Neutral Value Trend Rating.

Recent Price Action

A. O. Smith Corp (NYSE: AOS) stock rose modestly by 0.5% on 12/4/23. The stock closed at $77.09. This advance was accompanied by normal trading volume. The stock has been strong relative to the market over the last nine months and has risen 1.4% during the last week.

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