Ally Financial Receives Average Recommendation of “Hold” from Analysts (NYSE:ALLY)
Shares of Ally Financial (NYSE:ALLY) have received an average recommendation of “Hold” from the fifteen analysts that are presently covering the company, Analyst Ratings News reports. Eight analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $27.85.
Ally Financial (NYSE:ALLY) traded down 0.04% during mid-day trading on Wednesday, hitting $24.92. 718,931 shares of the company’s stock traded hands. Ally Financial has a 1-year low of $23.76 and a 1-year high of $27.9032. The stock has a 50-day moving average of $26.92 and a 200-day moving average of $26.62. The company’s market cap is $11.957 billion.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.11. During the same quarter last year, the company posted ($0.13) earnings per share. Analysts expect that Ally Financial will post $1.59 EPS for the current fiscal year.
A number of research firms have recently commented on ALLY. Analysts at Drexel Hamilton initiated coverage on shares of Ally Financial in a research note on Wednesday. They set a “buy” rating on the stock. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Ally Financial in a research note on Wednesday, July 16th. They now have a $30.00 price target on the stock.
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