Ally Financial Inc (ALLY): A Great Stock For Handling Current Market Conditions?

Currently, there are 302.46M common shares owned by the public and among those 300.67M shares have been available to trade.

The company’s stock has a 5-day price change of 4.44% and 26.73% over the past three months. ALLY shares are trading 9.16% year to date (YTD), with the 12-month market performance up to 47.64% higher. It has a 12-month low price of $21.58 and touched a high of $38.03 over the same period. ALLY has an average intraday trading volume of 4.16 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.37%, 6.38%, and 28.05% respectively.

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Institutional ownership of Ally Financial Inc (NYSE: ALLY) shares accounts for 89.34% of the company’s 302.46M shares outstanding.

It has a market capitalization of $11.59B and a beta (3y monthly) value of 1.38. The stock’s trailing 12-month PE ratio is 12.76, while the earnings-per-share (ttm) stands at $2.99. The company has a debt-to-equity ratio at 1.52. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.34% over the week and 2.51% over the month.

Analysts forecast that Ally Financial Inc (ALLY) will achieve an EPS of $0.47 for the current quarter, $0.71 for the next quarter and $5.36 for 2025. The lowest estimate earnings-per-share for the quarter is $0.12 while analysts give the company a high EPS estimate of $0.67. Comparatively, EPS for the current quarter was $0.82 a year ago. Earnings per share for the fiscal year are expected to increase by 3.17%, and 70.24% over the next financial year. EPS should shrink at an annualized rate of -3.60% over the next five years, compared to 0.20% over the past 5-year period.

Looking at the support for the ALLY, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on February 08, 2024, with the firm’s price target at $37-$47. Deutsche Bank coverage for the Ally Financial Inc (ALLY) stock in a research note released on January 10, 2024 offered a Buy rating with a price target of $47. Morgan Stanley on their part issued Equal-Weight rating on December 13, 2023.

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