Extremely significant positive changes in Washington Federal Inc. (NASDAQ: WAFD) investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Recent minor positive changes in fundamentals have benefitted Washington Federal Inc. (NASDAQ: WAFD). Positive developments: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred. Negative development: the stock’s power rating fell below 50.
In light of these very positive signals we are reviewing our current Overall Rating of B. 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 B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Washington Federal has a very high Appreciation Score of 90 but a neutral Power Rating of 48, producing the Positive Value Trend Rating.
Recent Price Action
Washington Federal Inc. (NASDAQ: WAFD) stock closed at $28.80 on 5/6/24 after an increase of 1.2%. However, unusually low trading volume at 59% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 3.2% during the last week.
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