When looking at valuations, Ally Financial Inc. (ALLY) has a cheap P/E of 8.28x as compared to industry average of 16.84x. It trades for 6.82 times the next 12 months of expected earnings. It is trading at rather inexpensive levels at just over 0.78x price/book and 1.17x price/sales. Compared to others, Ally Financial Inc. is in a different league with regards to profitability, having net margins of 13.2%. To put some perspective around this, the industry’s average net margin is 12.47%. ALLY’s ROE is 8.7%, which is considerably worse than the industry’s ROE of 10.92%.
Ally Financial Inc. (NYSE:ALLY) is now worth $10.2B thanks to 0.17% gain in recent trade and currently has a price tag of $24.27. The shares traded as low as $23.93 and had $24.355 an intraday high earlier Thursday. Trading activity significantly improved as the volume at ready counter increased to 4,044,152 shares versus 3,850,720 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 3,393,543 shares. The stock is now 17.82% above against its bear-market low of $20.6 on December 26, 2018. It has retreated -28.92% since it’s 52-week high of $31.29 reached in January. Now the market price is down -20.11% on the year and up 7.11% YTD.
ALLY’s 50 day simple moving average (SMA 50) price is $24.42 and its 200-day simple moving average (SMA 200) price is $26.19. The company’s stock currently has a total float of 408.58M shares. Its weekly volatility is hovering around 2.11% and felt 3.33% volatility in price over a month. On the upside, the share price will test short term resistance at around $24.44. On a downside, the stock is likely to find some support, which begins at $24.02. The failure to get near-term support could push it to $23.76.
Separately, it has been reported that multiple insider activity took place at Ally Financial Inc. (ALLY). VP, CAO, Controller Debrunner David J sold 25,000 shares for $102,155 in transaction occurred on 2018/11/29. After making this transaction, the VP, CAO, Controller owns a direct stake of 658,750 shares, worth $2,479,302, as per the last closing price. On 2016/05/04 Magner Marjorie, Director at ALLY, purchased 1,000 shares at an average price of $16.72 per share. The new stake is valued at $514,961.
CFO, Halmy Christopher A had invested in 6,000 shares for $161,749 through a trade on 2016/05/04. Following this activity, the insider holds 101,400 shares worth $3,925,648 as of recent close. Wall Street’s most bullish Ally Financial Inc. (NYSE:ALLY) analysts are predicting the share price to blow past $39 per share during the next 12 months. The current median share price forecast by them is $32, suggesting that the stock could increase 31.85% in that time frame. The average price target of $32.02 calls for a nearly 31.93% increase in the stock price.
It had seen a change in price target from analysts at Barclays, who reiterated the stock at Overweight on January 02 but moved PT from $35 to $34. Analysts at JP Morgan, shed their negative views on December 20 by lifting it fromNeutral to Overweight. The stock won favor of BofA/Merrill analysts who expressed their confidence in it using an upgrade from Neutral to Buy on July 30.
Shares of Ally Financial Inc. (ALLY) have dropped -0.9% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, Ally Financial Inc. (NYSE:ALLY) has topped consensus earnings estimates in 9 quarters (75%), missed earnings in 3 quarters (25%), whereas at 0 occasion EPS met analyst expectations. ALLY last reported earnings on October 25, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.91 per share, -93.1% change on the same period last year. That was better than consensus for $0.8. Revenue for the recent quarter stood at $1.51 billion, up 3% on last year and below the $1.51 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.49 billion to $1.59 billion, which should be compared with $1.53 billion generated last year. EPS is seen in a range of $0.78 to $0.95, against the $0.78 reported a year ago.