why AAON Inc. [AAON] is a Good Choice for Investors After New Price Target of $94.67

NFLX Stock

AAON Inc. [NASDAQ: AAON] jumped around 2.26 points on Tuesday, while shares priced at $78.46 at the close of the session, up 2.97%.

Compared to the average trading volume of 549.85K shares, AAON reached a trading volume of 13640198 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about AAON Inc. [AAON]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AAON shares is $94.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AAON stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

William Blair have made an estimate for AAON Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 29, 2024. The new note on the price target was released on February 28, 2023, representing the official price target for AAON Inc. stock. Previously, the target price had yet another raise to $73, while CJS Securities analysts kept a Market Outperform rating on AAON stock.

The Average True Range (ATR) for AAON Inc. is set at 4.00, with the Price to Sales ratio for AAON stock in the period of the last 12 months amounting to 5.54. The Price to Book ratio for the last quarter was 8.21, with the Price to Cash per share for the same quarter was set at 0.35. Price to Free Cash Flow for AAON in the course of the last twelve months was 47.57 with Quick ratio for the last quarter at 1.57.

How has AAON stock performed recently?

AAON Inc. [AAON] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.61. With this latest performance, AAON shares dropped by -15.53% in over the last four-week period, additionally plugging by 35.58% over the last 6 months – not to mention a rise of 13.97% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AAON stock in for the last two-week period is set at 35.82, with the RSI for the last a single of trading hit 30.83, and the three-weeks RSI is set at 39.95 for AAON Inc. [AAON]. The present Moving Average for the last 50 days of trading for this stock 85.84, while it was recorded at 83.68 for the last single week of trading, and 70.60 for the last 200 days.

AAON Inc. [AAON]: Deeper insight into the fundamentals

AAON Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.57 and a Current Ratio set at 3.13.

Earnings analysis for AAON Inc. [AAON]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AAON. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for AAON Inc. go to 12.00%.

Insider trade positions for AAON Inc. [AAON]

The top three institutional holders of AAON stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in AAON stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in AAON stock with ownership which is approximately 5.8386%.