Capitol Federal Financial Inc. (NASDAQ: CFFN) Coverage Initiated at Stephens

Analysts at Stephens initiated coverage on Capitol Federal Financial Inc. (NASDAQ: CFFN) stock, starting the company at Equal Weight. A number of other analysts have commented on the stock recently, and the company has earned a consensus one-year price target of $13.83, lower than the opening price of $14.27.

Generally after analysts publish an “initiating coverage” report on a stock, they will subsequently issue periodic updates.

On Friday, Fed Chairwoman Janet Yellen delivered a much anticipated speech on monetary policy going forward to the end of 2016 and with it a measure of uncertainty. Yellen said the case for a rate hike had “strengthened” but offered no timetable.

The idea of a second rate hike this year seemed to rattle the market.

All three major indices were higher in early trade, but a mid-day sell-off sent stocks into the red, with only the tech-heavy Nasdaq managing to regain positive territory by the close.

The DJIA fell 53 points, or 0.29 percent, to 18,395.

The S&P 500 fell around 3 points, or 0.16 percent, to 2,169.

The Nasdaq climbed 7 points, or 0.13 percent, to end the week at 5,219.

Capitol Federal Financial Inc. (NASDAQ: CFFN) opened at $14.27 today and has traded in a range between, $14.18 and $14.34. The last trade was at $14.26, representing change of or -0.28%.

Stock often cam move up or down on analysts reports and Capitol Federal Financial Inc. (NASDAQ: CFFN) shares traded to the downside, $-0.04 per share or -0.28 percent.

Capitol Federal Financial Inc. (NASDAQ: CFFN) now has a market cap of $1.90B

The stock’s average daily volume is 481,289 shares out of a total float 122,331,000 and some 281,696 shares traded hands on Friday, 26 percent lower than normal.

Look for increasing trading volume in trading activity today and going forward.

A moving average (MA) is a trend-following or lagging indicator because it is based on past prices. A widely used indicator in technical analysis that helps smooth out price action by filtering out the “noise” from random price fluctuations.

Capitol Federal Financial Inc. (NASDAQ: CFFN) now has a 50-day MA is $14.15 and 200-day MA is $13.42, and it has traded in a 52-week range between $11.39 – 14.34

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