Before Investing In Ally Financial Inc (NYSE:ALLY), Here Are Some Things To Consider

The stock of Ally Financial Inc (NYSE:ALLY) last traded at $26.16, down -0.68% from the previous session.

Data from the available sources indicates that Ally Financial Inc (NYSE:ALLY) is covered by 22 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $22.00, we find $28.00. Given the previous closing price of $26.34, this indicates a potential upside of 6.3 percent. ALLY stock price is now 0.05% away from the 50-day moving average and -4.48% away from the 200-day moving average. The market capitalization of the company currently stands at $7.89B.

In total, 12 analysts have assigned it a hold rating, and 6 have given it a buy rating. Brokers who have rated the stock have averaged $29.59 as their price target over the next twelve months.

With the price target of $28, TD Cowen recently initiated with Market Perform rating for Ally Financial Inc (NYSE: ALLY).

Insiders disposed of 100,835 shares of company stock worth roughly $2.64 million over the past 1 year. A total of 1.04% of the company’s stock is owned by insiders.

During the past 12 months, Ally Financial Inc has had a low of $21.58 and a high of $35.78. The fifty day moving average price for ALLY is $26.15 and a two-hundred day moving average price translates $27.39 for the stock.

The latest earnings results from Ally Financial Inc (NYSE: ALLY) was released for Sep, 2023. According to the Credit Services Company, earnings per share came in at $0.83, beating analysts’ expectations of $0.8 by 0.03. This compares to $0.88 EPS in the same period last year. The net profit margin was 7.26% and return on equity was 9.68% for ALLY. The company reported revenue of $3.6 billion for the quarter, compared to $2.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 30.21 percent. For the current quarter, analysts expect ALLY to generate $2.03B in revenue.

Ally Financial Inc(ALLY) Company Profile

Ally Financial Inc., a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments. The Automotive Finance Operations segment offers automotive financing services, including providing retail installment sales contracts, loans and operating leases, term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to automotive retailers, and fleet financing. It also provides financing services to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services. The Insurance Operations segment offers consumer finance protection and insurance products through the automotive dealer channel, and commercial insurance products directly to dealers. This segment provides vehicle service and maintenance contract, and guaranteed asset protection products; and underwrites commercial insurance coverages, which primarily insure dealers’ vehicle inventory. The Mortgage Finance Operations segment manages consumer mortgage loan portfolio that includes bulk purchases of jumbo and low-to-moderate income mortgage loans originated by third parties, as well as direct-to-consumer mortgage offerings. The Corporate Finance Operations segment provides senior secured leveraged cash flow and asset-based loans to middle market companies; leveraged loans; and commercial real estate product to serve companies in the healthcare industry. The company also offers commercial banking products and services. In addition, it provides securities brokerage and investment advisory services. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1919 and is based in Detroit, Michigan.

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