66.9 F
New York
Thursday, October 1, 2020

Capitol Federal Financial Inc. (NASDAQ:CFFN) Stock is Soaring, Here is Why

Must read

The Rejuvenation of Paramount Group Inc. (NYSE:PGRE)

Paramount Group Inc. (PGRE) shares are trading at higher $7.08 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Renewed Optimism is Surrounding ChinaNet Online Holdings Inc. (NASDAQ:CNET)

ChinaNet Online Holdings Inc. (CNET) shares are trading at higher $2.02. To add more color to this target, the company’s high over the last...

NOW Inc. (NYSE:DNOW) Stock is Plummeting, Here is Why

NOW Inc. (DNOW) shares are trading at lower $4.54 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Spectrum Pharmaceuticals Inc. (NASDAQ:SPPI) is Waving the Bear Flag

Spectrum Pharmaceuticals Inc. (SPPI) shares are trading at lower $4.08 and the avg recommendation for the stock is Moderate Buy. To add more color...

The Capitol Federal Financial Inc. (CFFN) shares are trading at higher $9.95 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $13.33.

To add more color to this target, the company’s high over the last year is $14.29 and the low is $9.59. Over the last 52 weeks, CFFN is down -30.37% while the S&P 500 is down -0.63%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CFFN reported a profit of $48.67 million. Capitol Federal Financial Inc. also saw revenues increase to $78.95 million. In addition, CFFN has free cash flow of $31.88 million as of 03-2020.

CFFN booked profit margins of 22.20%, its Return on Equity (ROE) is 5.50%, and its Return on Assets is 0.80%. All told, it is clear that, CFFN needs to be on your watchlist.

Find out when CFFN reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CFFN has a short ratio of 7.66 and outstanding shares of 137.97M.

Company Outlook

CFFN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.64 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.52. Investors should also keep an eye on sector updates as CFFN has historically followed its peers on positive news.

All told, Capitol Federal Financial Inc. CFFN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CFFN represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Capitol Federal Financial Inc. CFFN is now commanding a market cap of 1.42B and a float of 130.84M. CFFN is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CFFN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in CFFN, either long or short, and we have not been compensated for this article.

Latest article

The Forecast Just Changed on Groupon Inc. (NASDAQ:GRPN)

Groupon Inc. (GRPN) shares are trading at lower $20.40 and the avg recommendation for the stock is Hold, while the current analyst price target...

Waste Management Inc. (NYSE:WM) on the Path to Ruin

Waste Management Inc. (WM) shares are trading at lower $113.17 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Is Now the Time to Invest in Magnite Inc. (NASDAQ:MGNI)?

Magnite Inc. (MGNI) shares are trading at higher $6.95 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

Vuzix Corporation (NASDAQ:VUZI) Stock is Soaring, Here is Why

Vuzix Corporation (VUZI) shares are trading at higher $4.56 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Limelight Networks Inc. (NASDAQ:LLNW) is Holding Steady

Limelight Networks Inc. (LLNW) shares are trading at lower $5.76 and the avg recommendation for the stock is Strong Buy, while the current analyst...