Ally Financial Now Covered by Sanford C. Bernstein (ALLY)
Equities research analysts at Sanford C. Bernstein began coverage on shares of Ally Financial (NYSE:ALLY) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating and a $27.00 price target on the stock. Sanford C. Bernstein’s price objective would suggest a potential upside of 11.39% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sandler O’Neill initiated coverage on shares of Ally Financial in a research note on Tuesday. They set a “hold” rating and a $26.00 price target on the stock. Separately, analysts at Barclays initiated coverage on shares of Ally Financial in a research note on Tuesday. They set an “overweight” rating and a $28.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Ally Financial in a research note on Tuesday. They set an “overweight” rating and a $30.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $27.85.
Ally Financial (NYSE:ALLY) traded up 0.37% during mid-day trading on Wednesday, hitting $24.33. The stock had a trading volume of 312,014 shares. Ally Financial has a 1-year low of $23.76 and a 1-year high of $27.9032. The stock’s 50-day moving average is $26.92 and its 200-day moving average is $26.62. The company’s market cap is $11.674 billion. Ally Financial also saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 11,669,920 shares, an increase of 84.9% from the April 15th total of 6,312,613 shares. Based on an average daily trading volume, of 3,768,709 shares, the short-interest ratio is currently 3.1 days. Currently, 3.3% of the company’s shares are sold short.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.09. On average, analysts predict that Ally Financial will post $1.61 earnings per share for the current fiscal year.
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