In the last trading session, 3.97 million shares of the Ally Financial Inc (NYSE:ALLY) were traded, and its beta was 1.37. Most recently the company’s share price was $39.71, and it changed around -$0.03 or -0.08% from the last close, which brings the market valuation of the company to $12.07B. ALLY currently trades at a discount to its 52-week high of $41.56, offering almost -4.66% off that amount. The share price’s 52-week low was $22.54, which indicates that the current value has risen by an impressive 43.24% since then. We note from Ally Financial Inc’s average daily trading volume that its 3-month average coming to 3.75 million.
Ally Financial Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.48. If we narrow it down even further, the data shows that 1 out of 17 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 4 recommended ALLY as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Ally Financial Inc is expected to report earnings per share of $0.61 for the current quarter.
Ally Financial Inc (NYSE:ALLY) trade information
Instantly ALLY has showed a red trend with a performance of -0.08% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 13.72% year-to-date, but still up 10.43% over the last five days. On the other hand, Ally Financial Inc (NYSE:ALLY) is 1.07% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $44.65, which translates to bulls needing to increase their stock price by 11.06% from its current value. Analyst projections state that ALLY is forecast to be at a low of $20 and a high of $71.
Ally Financial Inc (ALLY) estimates and forecasts
Ally Financial Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 65.11 percent over the past six months and at a -3.28% annual growth rate that is well below the industry average of 11.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -36.50% in revenue this quarter, and will report an increase of 7.20% in the next quarter. The year-over-year growth rate is expected to be 0.50%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of $2.02 billion in revenue for the current quarter. 13 analysts expect Ally Financial Inc to make $2.09 billion in revenue for the quarter ending Sep 2024. The company’s sales for the same quarters a year ago were $2.08 billion and $2.06 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -3.00%. Forecasts for the next quarter put sales growth at 1.50%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 0.20%. Ally Financial Inc earnings are expected to increase by -1.84% in 2024, but the outlook is negative -3.60% per year for the next five years.
ALLY Dividends
Ally Financial Inc’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 3.02 percent and its annual dividend per share was 1.20. It is important to note, however, that the 3.02% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
