Ally Financial Inc. which can be found using ticker (ALLY) now have 17 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 51 and 24 calculating the average target price we see $35.65. Given that the stocks previous close was at $25.82 this is indicating there is a potential upside of 38.1%. Also worth taking note is the 50 day moving average now sits at $29.76 and the 200 moving average now moves to $30.91. The company has a market cap of $6,934m. You can visit the company’s website by visiting: https://www.ally.com
The potential market cap would be $9,573m based on the market concensus.
Ally Financial Inc., a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments. The Automotive Finance Operations segment offers automotive financing services, including providing retail installment sales contracts, loans and operating leases, term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to automotive retailers, and fleet financing. It also provides financing services to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services. The Insurance Operations segment offers consumer finance protection and insurance products through the automotive dealer channel, and commercial insurance products directly to dealers. This segment provides vehicle service and maintenance contract, and guaranteed asset protection products; and underwrites commercial insurance coverages, which primarily insure dealers’ vehicle inventory. The Mortgage Finance Operations segment manages consumer mortgage loan portfolio that includes bulk purchases of jumbo and low-to-moderate income mortgage loans originated by third parties, as well as direct-to-consumer mortgage offerings. The Corporate Finance Operations segment provides senior secured leveraged cash flow and asset-based loans to middle market companies; leveraged loans; and commercial real estate product to serve companies in the healthcare industry. The company also offers commercial banking products and services. In addition, it provides securities brokerage and investment advisory services. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1919 and is based in Detroit, Michigan.
The company has a dividend yield of 4.38% with the ex dividend date set at 31-1-2023 (DMY).
Other points of data to note are a P/E ratio of 4.85, revenue per share of 25.08 and a 0.92% return on assets.
