On 11/6/24, Washington Federal Inc. (NASDAQ: WAFD) stock enjoyed a major increase of 11.9%, closing at $38.06. Moreover, this advance was accompanied by exceptionally high trading volume at 204% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 10.7% 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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Washington Federal has a very high Power Rating of 87 and a very high Appreciation Score of 89, leading to the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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