AAON saw its IBD SmartSelect Composite Rating rise to 96 Monday, up from 94 the day before.
The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The top-performing stocks tend to have a 95 or better grade as they kick off a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
AAON has now climbed above a proper buy zone after clearing the 94.67 entry in a cup with handle.
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The stock earns an 88 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 88% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company posted -2% EPS growth. Sales growth came in at 5%, down from 10% in the prior quarter.
AAON holds the No. 4 rank among its peers in the Building-A/C & Heating Products industry group. Comfort Systems USA is the No. 1-ranked stock within the group.
