JP Morgan slashes price target on Ally Financial Inc. [ALLY] – find out why.


Ally Financial Inc. [NYSE: ALLY] plunged by -$0.3 during the normal trading session on Tuesday and reaching a high of $34.98 during the day while it closed the day at $34.08. The company report on May 25, 2022 that Ally Financial to present at the Morgan Stanley US Financials, Payments & CRE Conference.

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Ally Financial Inc. (NYSE: ALLY) President of Consumer and Commercial Banking, Di Morais, will present at the Morgan Stanley US Financials, Payments & CRE Conference on Monday, June 13, 2022 at approximately 9:30 a.m. ET.

A live video webcast will be available on the day of the conference at under the Events and Presentations section of the Investor Relations website.  A replay will also be available.

Ally Financial Inc. stock has also loss -20.52% of its value over the past 7 days. However, ALLY stock has declined by -17.76% in the 3 months of the year. Over the past six months meanwhile, it has lost -27.77% and lost -28.42% year-on date.

The market cap for ALLY stock reached $11.86 billion, with 335.68 million shares outstanding and 321.20 million shares in the current float. Compared to the average trading volume of 4.16M shares, ALLY reached a trading volume of 5772719 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Ally Financial Inc. [ALLY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALLY shares is $59.11 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALLY stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Ally Financial Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 19, 2022. While these analysts kept the previous recommendation, Raymond James raised their target price to Outperform. The new note on the price target was released on December 02, 2021, representing the official price target for Ally Financial Inc. stock. Previously, the target price had yet another raise to $65, while Citigroup analysts kept a Buy rating on ALLY stock. On October 22, 2021, analysts decreased their price target for ALLY shares from 68 to 59.

The Average True Range (ATR) for Ally Financial Inc. is set at 1.80, with the Price to Sales ratio for ALLY stock in the period of the last 12 months amounting to 1.34. The Price to Book ratio for the last quarter was 0.87, with the Price to Cash per share for the same quarter was set at 18.45.

ALLY stock trade performance evaluation

Ally Financial Inc. [ALLY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.52. With this latest performance, ALLY shares dropped by -13.90% in over the last four-week period, additionally sinking by -27.77% over the last 6 months – not to mention a drop of -36.69% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ALLY stock in for the last two-week period is set at 30.66, with the RSI for the last a single of trading hit 23.18, and the three-weeks RSI is set at 34.96 for Ally Financial Inc. [ALLY]. The present Moving Average for the last 50 days of trading for this stock 41.21, while it was recorded at 37.64 for the last single week of trading, and 46.97 for the last 200 days.

Ally Financial Inc. [ALLY]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Ally Financial Inc. [ALLY] shares currently have an operating margin of +32.76. Ally Financial Inc.’s Net Margin is presently recorded at +28.57.

Return on Equity for this stock inclined to 19.31, with Return on Assets sitting at 1.67.

Earnings per share (EPS) analysis for Ally Financial Inc. [ALLY] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ALLY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ally Financial Inc. go to 38.17%.

Ally Financial Inc. [ALLY]: Insider Ownership positions

There are presently around $10,426 million, or 96.30% of ALLY stock, in the hands of institutional investors. The top three institutional holders of ALLY stocks are: VANGUARD GROUP INC with ownership of 35,875,429, which is approximately 0.067% of the company’s market cap and around 0.60% of the total institutional ownership; HARRIS ASSOCIATES L P, holding 26,673,412 shares of the stock with an approximate value of $917.03 million in ALLY stocks shares; and BLACKROCK INC., currently with $904.21 million in ALLY stock with ownership of nearly -11.398% of the company’s market capitalization.

Positions in Ally Financial Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 346 institutional holders increased their position in Ally Financial Inc. [NYSE:ALLY] by around 25,408,526 shares. Additionally, 307 investors decreased positions by around 38,647,751 shares, while 68 investors held positions by with 239,190,903 shares. The mentioned changes placed institutional holdings at 303,247,180 shares, according to the latest SEC report filing. ALLY stock had 104 new institutional investments in for a total of 12,716,015 shares, while 89 institutional investors sold positions of 6,799,406 shares during the same period.