Extremely significant positive changes in Washington Federal Inc. (NASDAQ: WAFD) investment behavior have recently occurred: the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Recent notable positive changes in fundamentals have benefitted Washington Federal Inc. (NASDAQ: WAFD): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, WAFD is expected to continue to be a modest Value Builder.
Washington Federal has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Washington Federal has a neutral Power Rating of 55 but a very high Appreciation Score of 90, resulting in the Highest Value Trend Rating.
Recent Price Action
On 3/28/24, Washington Federal Inc. (NASDAQ: WAFD) stock rose modestly by 0.6%, closing at $29.03. Moreover, this advance was accompanied by exceptionally high trading volume at 292% of normal. The stock has performed in line with the market over the last nine months and has risen 2.7% during the last week.
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