Recent extremely meaningful positive changes in investment behavior have benefitted Washington Federal Inc. (NASDAQ: WAFD): the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Meaningful positive changes in fundamentals have recently occurred for 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 C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
WAFD’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Washington Federal has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Washington Federal has a very high Appreciation Score of 89 but a slightly negative Power Rating of 33, producing the High Neutral Value Trend Rating.
Recent Price Action
Washington Federal Inc. (NASDAQ: WAFD) stock enjoyed a large increase of 3.3% on 7/17/24. The stock closed at $33.99. Moreover, exceptionally high trading volume at 389% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 18.4% during the last week.
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