Notable positive changes in Washington Federal Inc. (NASDAQ: WAFD) fundamentals have recently occurred: significant quarterly sales acceleration occurred, the consensus estimate for September, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Washington Federal Inc. (NASDAQ: WAFD). Important positive changes in investment behavior have recently occurred: positive upside/downside volume developed.
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
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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Washington Federal has a neutral Power Rating of 59 but a very high Appreciation Score of 86, triggering the Highest Value Trend Rating.
Recent Price Action
Washington Federal Inc. (NASDAQ: WAFD) stock closed at $36.89 on 8/23/24 after a large increase of 4.7%. Trading volume in this advance was normal. The stock has risen 7.7% during the last week and has performed in line with the market over the last nine months.
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