At the time of writing, Ally Financial Inc [ALLY] stock is trading at $38.71, up 6.73%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ALLY shares have gain 1.87% over the last week, with a monthly amount glided 2.22%, 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 April 09, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $46 from $42. Previously, JP Morgan downgraded its rating to Underweight on April 03, 2024, and elevated its price target to $39. On February 08, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $47 on the stock. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $47 on January 10, 2024. BMO Capital Markets downgraded its rating to a Market Perform but $36 remained the price target by the analyst firm on January 10, 2024. Raymond James downgraded its rating to Underperform for this stock on January 05, 2024. In a note dated December 13, 2023, Morgan Stanley upgraded an Equal-Weight rating on this stock and boosted its target price from $23 to $31.
For the past year, the stock price of Ally Financial Inc fluctuated between $22.54 and $41.56. Currently, Wall Street analysts expect the stock to reach $45.13 within the next 12 months. Ally Financial Inc [NYSE: ALLY] shares were valued at $38.71 at the most recent close of the market. An investor can expect a potential return of 16.58% based on the average ALLY price forecast.
Analyzing the ALLY fundamentals
According to Ally Financial Inc [NYSE:ALLY], the company’s sales were 16.22B for trailing twelve months, which represents an 9.89% jump. 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 37.58 points at the first support level, and at 36.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.66, and for the 2nd resistance point, it is at 40.61.
Ratios To Look Out For
It is important to note that Ally Financial Inc [NYSE:ALLY] has a current ratio of 6.50. Considering the valuation of this stock, the price to sales ratio is 0.73, the price to book ratio is 1.04 and price to earnings (TTM) ratio is 15.81.
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.
