Stock Rating Upgrade
The Value Trend Rating for Washington Federal Inc. (NASDAQ: WAFD) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Washington Federal Inc. (NASDAQ: WAFD) stock declined modestly by -1.3% on 7/29/24. The stock closed at $35.35. Trading volume in this decline was normal. The stock has performed in line with the market over the last nine months and has risen 2.7% during the last week.
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 B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Washington Federal has a very high Appreciation Score of 86 but a slightly negative Power Rating of 36, with the Positive Value Trend Rating the result.
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