Ally Financial (ALLY) : 9 analysts are covering Ally Financial (ALLY) and their average rating on the stock is 1.67, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Ally Financial (ALLY) : 7 investment research analysts covering Ally Financial (ALLY) have an average price target of $23.71 for the near short term. The highest target price given by the Brokerage Firm to the stock is $28 and the lowest target is $19 for the short term. Analysts expect the variance to be within $3.35 of the average price.
Ally Financial (NYSE:ALLY): The stock opened at $15.65 on Wednesday but the bulls could not build on the opening and the stock topped out at $15.85 for the day. The stock traded down to $15.37 during the day, due to lack of any buying support eventually closed down at $15.73 with a loss of -0.25% for the day. The stock had closed at $15.77 on the previous day. The total traded volume was 2,982,553 shares.
Also, Macquarie initiates coverage on Ally Financial (NYSE:ALLY).The analysts at the brokerage house have a current rating of Neutral on the shares. The rating by the firm was issued on May 11, 2016. The company shares have dropped -28.51% from its 1 Year high price. On Aug 4, 2015, the shares registered one year high at $23.24 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $16.94 and the 200 Day Moving Average price is recorded at $17.33.
Ally Financial Inc. is a financial holding company and a bank holding company. It is an independent, diversified financial services firm. Its banking subsidiary, Ally Bank, is an indirect wholly owned subsidiary of the Company and a franchise in the Internet, telephone, mobile and mail banking market. Dealer Financial Services, which includes the Companys Automotive Finance and Insurance operations, and Mortgage are its primary lines of business. Ally Bank offers deposit products, such as checking, savings and certificates of deposit (CDs), as well as several raise-your-rate CD terms, IRA deposit products, Popmoney person-to-person transfer service, eCheck remote deposit capture, Ally Perks debit rewards program and Mobile Banking.