Morgan Stanley raised the price target for the Ally Financial Inc (NYSE:ALLY) stock from “an Equal-weight” to “an Overweight”. The rating was released on February 08, 2024, according to finviz. The research report from BMO Capital Markets has downgraded the stock from Outperform to Market Perform, with a price target set at $36. In their research brief published December 13, 2023, Morgan Stanley analysts upgraded the Ally Financial Inc stock from Underweight to Equal-Weight with a price target of $31.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.45 during the last quarter as opposed to a consensus estimate of $0.45, which indicates the company missed its estimate by $0, which implies that the company surprised the market by 0.00%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2024) is $0.47. This is an average of 17 analysts’ earnings, where the high earnings per share estimate is $0.67 and the low earnings per share estimate is $0.12. According to 14 analyst estimates, an average revenue estimate of $1.98B is projected for the current quarter with a high revenue estimate of $2.03B and a low estimate of $1.92B.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 4.44% within the last five trades and 9.14% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 45.25% in the last 6 months and 15.97% was added to its value over the previous 3 months. ALLY stock is trading at a margin of 5.00%, 7.86% and 29.98% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, ALLY deals in the Financial domain. The stock is trading -5.46 percent below its 52-week high and 74.31 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 68.54. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Ally Financial Inc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 6.43 percent and the profit margin is 5.74 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $11.94 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Ally Financial Inc (NYSE:ALLY) is 13.15. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 7.27. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.75 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.04, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.08 percent of Ally Financial Inc shares are owned by insiders, and 89.33 percent are held by financial institutions. DEBRUNNER DAVID J, the VP, CAO, Controller at Ally Financial Inc (ALLY) has sold 3,750 shares of firm on Dec 29 ’23 at a price of $35.00 against the total amount of $0.13 million. In another inside trade, DEBRUNNER DAVID J, VP, CAO, Controller of Ally Financial Inc (NYSE:ALLY) sold 3,750 shares of the firm on Dec 15 ’23 for a total worth of $0.13 million at a price of $35.00. An inside trade which took place on Dec 14 ’23, VP, CAO, Controller of Ally Financial Inc DEBRUNNER DAVID J sold 7,500 shares of firm against total price of $0.25 million at the cost of $33.80 per share.
