Washington Federal Inc. (NASDAQ: WAFD) has recently enjoyed extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Notable 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 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). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Washington Federal has a good Power Rating of 71 and a good Appreciation Score of 85, resulting in the Highest Value Trend Rating.
Recent Price Action
On 9/11/24, Washington Federal Inc. (NASDAQ: WAFD) stock declined modestly by -1.8%, closing at $35.10. Trading volume in this decline was normal. Relative to the market the stock has been strong over the last nine months but has declined -3.7% during the last week.
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