According to Zacks, “Ally Financial’s high debt levels may restrain its ability to procure additional funds for working capital, acquisitions or other purposes. This may also negatively impact the company’s access to liquidity and increase borrowing costs in the unsecured market. Also, stringent regulations and concentration risks (its performance is highly dependent on the overall health of the Auto industry) will likely continue to weigh on the company’s near-term profitability. However, the company is actively strengthening its balance sheet, which helped it in initiating dividend payment and share buybacks. Also, the company is diversifying its revenue base to boost profitability in the long run.”
Other research analysts have also recently issued reports about the company. Deutsche Bank AG reissued a buy rating on shares of Ally Financial in a report on Sunday, June 26th. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Ally Financial in a research note on Thursday, June 30th. Jefferies Group reaffirmed a buy rating and issued a $28.00 price objective on shares of Ally Financial in a research note on Tuesday, September 13th. BTIG Research reaffirmed a buy rating on shares of Ally Financial in a research note on Thursday, June 30th. Finally, Barclays PLC reaffirmed an overweight rating and issued a $23.00 price objective on shares of Ally Financial in a research note on Sunday, July 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $25.13.
Ally Financial (NYSE:ALLY) opened at 19.47 on Tuesday. The company has a 50 day moving average of $19.47 and a 200 day moving average of $17.95. The company’s market capitalization is $9.34 billion. Ally Financial has a 52-week low of $14.55 and a 52-week high of $21.21.
Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. Ally Financial had a return on equity of 17.19% and a net margin of 17.61%. During the same period in the previous year, the firm posted $0.46 EPS. On average, equities research analysts forecast that Ally Financial will post $2.25 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Mizuho Asset Management Co. Ltd. boosted its position in Ally Financial by 176.4% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 6,999 shares of the company’s stock worth $119,000 after buying an additional 4,467 shares during the last quarter. Barnett & Company Inc. acquired a new position in Ally Financial during the first quarter worth about $178,000. Seven Eight Capital LLC boosted its position in Ally Financial by 180.5% in the first quarter. Seven Eight Capital LLC now owns 10,412 shares of the company’s stock worth $195,000 after buying an additional 6,700 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Ally Financial during the second quarter worth about $179,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in Ally Financial during the second quarter worth about $168,000. Institutional investors own 99.83% of the company’s stock.
Ally Financial Company Profile
Ally Financial Inc is a financial holding company and a bank holding company. The Company’s banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. The Company operates through three segments: Automotive Finance operations, Insurance operations and Mortgage operations.
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