Home Analyst Ratings Barclays lifts Ally Financial Inc. rating to Overweight and price target...

Barclays lifts Ally Financial Inc. [ALLY] rating to Overweight and price target to $48

Barclays took its Ally Financial Inc. [NYSE:ALLY] rating to the equivalent of Overweight from Equal ‎Weight, ‎and the price target to $48, ‎in a research note dated January 4, 2021. That figure represents ‎around a 34.60% premium ‎from ‎where the company’s shares closed on Thursday.‎ Some new ‎analysts ‎also started their coverage, with RBC Capital Mkts’s analysts assigning the shares to “an ‎Outperform” ‎rating in a research note to investors issued in late December. Meanwhile, Wolfe ‎Research had ‎launched its coverage on ALLY with “an Outperform”, in a research note produced for ‎clients July 31, ‎‎2020. In addition, there was an upgrade from JP Morgan on July 15, 2020. The rater ‎changed ALLY from ‎‎”a Neutral” to “an Overweight”.

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Is ‎Ally Financial Inc. [NYSE:ALLY] a Good Buy Right Now?

It should be noted that ALLY ‎technical ‎indicators for short, intermediate as well as long term progress have placed an overall ‎average of 100% ‎as Buy. The average signal changed from 100% Buy in the last week and compares ‎with 100% Buy in the ‎past month. Data from Ally Financial Inc.’s Trend Spotter indicated that the signals ‎were Strengthening. ‎The stock current average is 4.87 million shares in the past 20 days and the short ‎term average signal ‎indicates a 100% Buy. In the last 50 days, the average trading volume was 4.73 ‎million shares while the ‎medium term average advocated for 100% Buy. The average long-term signal ‎stands at 100% Buy and ‎the 100-day average volume stands at 4.83 million shares.‎‎


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ALLY Price Performance

On Wall ‎Street, Ally Financial Inc. [NYSE:ALLY] finished Thursday’s ‎session up 1.16% at $35.66. The stock went up ‎to $35.92 at the same session while its lowest single day ‎price was $35.05. In the last five days, it saw a ‎rise of about 2.24%, Ally Financial Inc. shares gained by ‎almost 16.69% since the beginning of the year. ‎However, the share price has dropped to as low as ‎‎0.65% below its one year high. On 12/31/20, the ‎company shares recorded $35.92, the highest single-‎day price it has got to in the last 52-weeks and a ‎‎52-week low was seen on 03/18/20, the same year at ‎‎$10.22. The company’s shares have inclined by ‎‎16.08% in the past year. The 50-day SMA achieved is ‎‎$31.02 while the 200-day SMA is $22.84. Volume ‎gained to 2.65 million from 1.88 million in the previous ‎session.‎‎

Ally Financial Inc. [ALLY] Valuation ‎Measures

Notably, Ally Financial Inc. [ALLY] stock cannot ‎be classified as a good candidate in the ‎listing of underestimated low-priced Credit Services companies ‎to purchase soonest possible with the ‎prevailing 12-month PE ratio of 17.40. The measure means the ‎stock is exchanging at a premium as ‎compared to the 14.50x trailing earnings of the industry. It can be ‎helpful for investors to consider ‎historical price-sales ratio, more specifically, a 1.45 PS value ratio is ‎reported for the last one year of ‎reported earnings. That is lower than the industry average of 2.79 ‎which means ALLY serve an ‎unattractive investment opportunity compared to its competitors.‎‎

ALLY Stock Support And ‎Resistance Levels

On the 24-hour scale, the immediate backing is ‎perceived around 35.17 level, ‎and in case of violation of this particular level, it will cause more drop to ‎‎34.67 level. On the upper level, ‎‎36.41 is still the key resistance. The stock may increase to the ‎subsequent resistance at 36.04. The ‎Relative Strength Index (RSI) pinned on the 14-day chart is 67.61, ‎implying a neutral technical stance ‎while the MACD stands at 0.72, meaning price will decrease in the ‎next trading period. Percent R ‎indicator moved to 9.98%, implying bullish price movement. Stochastic ‎‎%K at 87.03% suggest selling the ‎stock.‎‎

What is the short interest in Ally Financial Inc.?

Short interest in the Ally Financial Inc. ‎stock ‎has plunged, decreasing by -1.9 million shares to total 9.61 million shares on Dec 14, 2020. The ‎interest ‎had seen shares on Nov 12, 2020 stand at 7.71 million, data from Yahoo Finance shows. The ‎increase of ‎‎19.77% suggests the stock saw some increased bearish sentiment. The stock’s days to ‎cover (short ‎ratio) moved to while the shorted shares account for just 2.87% of the overall float for the ‎stock. ‎‎

Ally Financial Inc.’s Biggest Shareholders: Who Owns Ally Financial Inc. [ALLY]?

Filings ‎by The ‎Vanguard Group, Inc. showed that the firm now holds a total of 33,215,215 shares or roughly ‎‎8.88% of ‎the outstanding ALLY shares. This means their shares have reduced by -2,128,629 from the ‎‎33,215,215 ‎the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Harris ‎Associates LP ‎updated stake is worth $941,696,334. Details in the latest 13F filings reveal that BlackRock ‎Fund ‎Advisors disposed off their -7.25% stake valued at $505,892,955 while Oaktree Capital ‎Management LP ‎cut theirs at $424,544,741. The T. Rowe Price Associates, Inc.’s holdings currently ‎number 10,683,823 ‎shares at $380985128.18. According to the firm’s last 13F report, SSgA Funds ‎Management, Inc. shares ‎in the company at filing stood at 10,438,189 shares, roughly $309,492,304.‎‎‎

ALLY Earnings Forecast For The Current Quarter

Ally Financial Inc. [ALLY] is expected ‎to ‎report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give ‎the ‎company expected revenues of $1.67B and an earnings per share of $1 for Dec 2020. Looking ‎further ‎ahead, the company is expected to report revenue of $1.7B at an EPS of $0.89 for Mar 2021. ‎The ‎estimates represent upside of 10.00% and 56.54% in the company’s revenue and earnings per ‎share, ‎respectively, on a year-on-year basis.‎‎

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ALLY Earnings Estimates For The Current ‎Year

For the ‎financial year, Ally Financial Inc. [NYSE:ALLY] is expected to bring in revenue of ‎‎$6.38B. The returns are ‎nearly $-10.0 million lower than the company’s actual revenue recorded in the ‎fiscal year 2019. In ‎terms of EPS for the 2020, estimate put it at 2.42, lower than that of FY19 by -$1.3. ‎Estimates put this ‎year’s earnings growth at -34.90%, 56.20% for the next, and at an annual 5.36% over ‎the next 5-year ‎period. As for sales, forecasts are for a decrease of -0.20% in the current fiscal year and ‎a further ‎‎10.00% over the following year.‎

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