Ally Financial Inc. (NYSE:ALLY), with -6.75% losses in previous 5 sessions, is under coverage of 17 analysts who collectively assign a buy rating on stock. 15 of the brokerages firms have a buy or better rating; the 0 sells versus 0 underperforms. The 16 stock analysts who cover the stock have an average PT at $24.75, with individual targets in the range of $21 to $32. The shares ended last trade at $17.42, implying that Wall Street analysts see shares climbing about 42.08 per cent in 12 months’ time.
Insider Trading News: Insiders at the company look optimistic about the outlook as they seem to accumulate shares while they have -6.55 retreated so far this year. A CFO at Ally Financial Inc. (ALLY) purchased shares in a trading activity completed on Wednesday May 04, 2016. Halmy Christopher A accumulated 6,000 shares in the company at a per-share price of $16.9 and ended up spending $101,400 in the investment. Halmy Christopher A now have 161,749 shares in the stock after this transaction. A CEO in the company, Brown Jeffrey Jonathan, on Wednesday May 04, 2016 spent $201,720 from the purchase of 12,000 shares at a per-share price of $16.9. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.
Ally Financial Inc. (NYSE:ALLY) Earnings on Tap
Investors interested in trading ALLY stock at the current market price of $17.42/share should know the company will next release quarterly results for the December 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver $0.55 in earnings per share (EPS). That would represent a 5.77 per cent year-over-year increase. Revenue for the same quarter is predicted to arrive at $1.36B.
Historical Quarterly Earnings: Last quarter, Ally Financial Inc. generated nearly $1.38B in sales and net income of $0.56/share. That compares with the mean forecast $1.37B and $0.59/share, respectively. For the prior quarter revenue for the stock hit $1.36B, with EPS at $0.54.
Ally Financial Inc. (ALLY) Analyst Rating News
Macquarie is following shares of Ally Financial Inc. (ALLY), so its rating change is noteworthy. The company stock was initiated at Neutral, wrote analysts at Macquarie, in a research note issued to clients on Wednesday May 11, 2016. There was another key research note provided by Wells Fargo on Wednesday April 27, 2016. The firm lowered its rating on ALLY from Outperform to Market Perform.
Price Potential: Even though the stock has posted -1.25% fall in value, its new closing price reflects a -15.76% fall in value from company’s one year high of $20.68. The stock is currently holding below its 50-day SMA of $19.17 and below its 200-day SMA of $18.16. Over the last 3 months and over the last 6 months, the shares of Ally Financial Inc. (ALLY), have changed -6.6% and 1.52%, respectively.