Analyst Revises Washington Federal, Inc. (NASDAQ:WAFD) Stock Target


Washington Federal, Inc. (NASDAQ:WAFD) mean price target has been set at $24.600 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.440 in the near-term quarter and $1.730 for the ongoing fiscal. The market cap of Washington Federal, Inc. was recorded at $2.25B after the stock closed at $24.975 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Washington Federal, Inc. (NASDAQ:WAFD) has a P/E ratio of 14.263. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Washington Federal, Inc. (NASDAQ:WAFD) PEG ratio sits at 1.430. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Washington Federal, Inc. visibly illustrates that the 50-day MA of Washington Federal, Inc. is $24.375, and stock is trading 0.600 or +2.461% distant from $24.375. The 200-day MA is $23.042, and this price is $1.933 or +8.389% off from current level. Washington Federal, Inc. (NASDAQ:WAFD) 52-week high is $26.340 and the 52-week low is $19.110. This represents that if the stock moves $-1.365 points up on the chart to make a 52-week high. But, if it declines $+30.691%, then the shares price can hit a new 52-week low.

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