Ally Financial Inc. (NYSE:ALLY) does about 5.78M shares in volume on a normal day but saw 7664901 shares change hands in Monday trading. The company now has a market cap of 8.66B USD and an enterprise value of about $Allstate Corporation (The). Its current market price is $22.91, marking an increase of 6.02% compared to the previous close of $21.61. The 52 week high reached by this stock is $35.42 whilst the lowest price level in 52 weeks is $10.22. The script in recent trading has seen the stock touch a high of $23.00 and a low of $21.57.
Ally Financial Inc. (ALLY) has a 20-day trading average at $21.58 and the current price is -35.32% off the 52-week high compared with 124.17% distance from its 52-week low. The 50-day simple moving average of the closing price is $20.81 and its 200-day simple moving average is $23.30. If we look at the stock’s price movements over the week, volatility stands at 3.21%, which increases to 3.38% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 61.28 to suggest the stock is neutral.
The consensus objective for the share price is $27.72, suggesting that the stock has a potential upside of 17.35% over the period.
FactSet Research has provided data showing that 16 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 15 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 31, 2020 when Wolfe Research initiated the stock to “Outperform” and issued a price target of. JP Morgan upgraded the stock to “Overweight” from Neutral on July 15, 2020 at a price target of $23.50. Goldman resumed its price target at $28.
The current price level is 6.64%, 10.34%, and -1.88% away from its SMA20, SMA50, and SMA200 respectively, with the ALLY price moving above the 50-day SMA on August 24. Ally Financial Inc. (ALLY) stock is up 4.42% over the week and 8.17% over the past month. Its price is -25.03% year-to-date and -23.89% over the past year.
Its 12-month price target is $28.00. To reach the target analysts have set, the stock logically needs to grow 17.35 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $23.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $35.00.
The company has a return on investment of 8.60% and return on equity of 4.80%. The price to earnings ratio (P/E ratio) amounts to 13.06 while the forward price to earnings ratio is 7.60. The beta has a value of 1.62. Price to book ratio is 0.62 and price to sales ratio is 0.92.
According to a U.S. Securities and Exchange Commission filing, Oakmark Fund has reduced its position in Ally Financial Inc. (ALLY) to 15,923,100 shares, mirroring a recent drop by 0.00%. Oakmark Fund dumped 0.0 shares of Ally Financial Inc. common stock bringing its total worth to about $320.05 million at the end of recent close, SEC documents show. Oakmark Fund isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which sold off 7064.0 shares to end up with 10,630,460 shares worth $213.67 million. Oakmark Select Fund cut their holdings by -4.86% in the company over the course of the most recent quarter. It now holds a 2.62% position in Ally Financial Inc. thanks to 9.78 million shares amounting to $196.58 million.