Washington Federal Inc. (NASDAQ: WAFD) has benefited from exceptional positive changes in investment behavior: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Recent important 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
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). 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 56 but a very high Appreciation Score of 90, producing the Highest Value Trend Rating.
Recent Price Action
Washington Federal Inc. (NASDAQ: WAFD) stock enjoyed a large increase of 3.8% on 6/28/24. The stock closed at $28.58. Moreover, trading volume in this advance was exceptionally high at 245% of normal. The stock has performed in line with the market over the last nine months and has risen 8.3% during the last week.
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