Currently, Ally Financial Inc [ALLY] is trading at $38.12, up 1.73%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ALLY shares have gain 4.44% over the last week, with a monthly amount glided 5.62%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ally Financial Inc [NYSE: ALLY] stock has seen the most recent analyst activity on February 08, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $47 from $37. Previously, Deutsche Bank started tracking the stock with Buy rating on January 10, 2024, and set its price target to $47. On January 10, 2024, downgrade downgraded it’s rating to Market Perform but maintained its price target of $36 on the stock. Raymond James downgraded its rating to a Underperform. Morgan Stanley upgraded its rating to a Equal-Weight and raised its price target to $31 on December 13, 2023. Wolfe Research upgraded its rating to Outperform for this stock on November 30, 2023, but kept the price target unchanged to $39. In a note dated November 01, 2023, TD Cowen initiated an Market Perform rating and provided a target price of $28 on this stock.
This stock has fluctuated between a low of $21.58 and a high of $38.03 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $44.15 within the next 12 months. Ally Financial Inc [NYSE: ALLY] shares were valued at $38.12 at the most recent close of the market. An investor can expect a potential return of 15.82% based on the average ALLY price forecast.
Analyzing the ALLY fundamentals
Trailing Twelve Months sales for Ally Financial Inc [NYSE:ALLY] were 15.85B which represents 15.19% growth. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.08 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.47.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 37.56 points at the first support level, and at 37.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.49, and for the 2nd resistance point, it is at 38.87.
Ally Financial Inc [ALLY] reported earnings per share of $0.45 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.45/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.83 per share as compared to estimates of $0.8 per share, a difference of $0.03 representing a surprise of 3.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ally Financial Inc [NYSE:ALLY] is 0.20. Considering the valuation of this stock, the price to sales ratio is 0.73, the price to book ratio is 1.01 and price to earnings (TTM) ratio is 12.76.
Transactions by insiders
Recent insider trading involved DEBRUNNER DAVID J, VP, CAO, Controller, that happened on Dec 29 ’23 when 3750.0 shares were sold. VP, CAO, Controller, DEBRUNNER DAVID J completed a deal on Dec 15 ’23 to sell 3750.0 shares. Meanwhile, VP, CAO, Controller DEBRUNNER DAVID J sold 7500.0 shares on Dec 14 ’23.
