Analysts Set $35.00 Price Target for AAON, Inc. (AAON)

AAON, Inc. (NASDAQ:AAON) has been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Analysts have set a 1-year consensus price target of $35.00 for the company and are expecting that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AAON an industry rank of 28 out of 255 based on the ratings given to related companies.

A number of analysts recently weighed in on the company. BidaskClub upgraded AAON from a “hold” rating to a “buy” rating in a research note on Thursday, November 8th. ValuEngine upgraded AAON from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 12th. Finally, Zacks Investment Research downgraded AAON from a “hold” rating to a “strong sell” rating in a research note on Monday, November 5th.

Shares of AAON stock traded up $0.24 during trading on Monday, reaching $38.05. The company’s stock had a trading volume of 80,800 shares, compared to its average volume of 106,689. AAON has a 12-month low of $29.05 and a 12-month high of $44.90. The company has a market cap of $1.98 billion, a PE ratio of 39.97, a price-to-earnings-growth ratio of 1.97 and a beta of 0.86.

Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can boosted its stake in shares of AAON by 12.1% in the fourth quarter. Bank of Montreal Can now owns 2,689 shares of the construction company’s stock valued at $94,000 after buying an additional 290 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of AAON in the third quarter valued at approximately $113,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of AAON by 33.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,061 shares of the construction company’s stock valued at $107,000 after buying an additional 773 shares in the last quarter. Glenmede Trust Co. NA purchased a new stake in shares of AAON in the third quarter valued at approximately $213,000. Finally, Piedmont Investment Advisors Inc. boosted its stake in shares of AAON by 3.0% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 9,681 shares of the construction company’s stock valued at $339,000 after buying an additional 281 shares in the last quarter. Hedge funds and other institutional investors own 73.95% of the company’s stock.

AAON Company Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. It offers rooftop units, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, self-contained units, and coils.

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