Ally Financial (NYSE:ALLY) Downgraded by Piper Sandler to Neutral

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Ally Financial stock has undergone multiple analysts rating changes in the recent past.  Ally Financial Downgraded by Piper Sandler on 10/22/2021. In a note to investors, the firm issued a new rating of Neutral. The analysts previously had rating of Overweight.

Shares of Ally Financial traded down -$1.76 on Thursday, reaching $51.21. 4110639 shares of the stock traded hands, compared to its average volume of 2752938. Shares of Ally Financial were trading at $51.21 on Thursday. The firm’s 50 day moving average is $52.49 and its 200 day moving average is $49.02.Ally Financial has a 12 month low of $50.59 and a 12 month high of $56.61. While on yearly highs and lows, Ally Financial’s today has traded high as $53.31 and has touched $50.59 on the downward trend. See More Analyst Rating at: RATING

Ally Financial Earnings and What to expect: 

Ally Financial last released its quarterly earnings results on October 20th, 2021. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.27. The firm earned $1.99 billion during the quarter, compared to the consensus estimate of $2.03 billion. Its revenue was up 17.9% on a year-over-year basis. Ally Financial has generated $3.03 earnings per share over the last year ($7.60 diluted earnings per share) and currently has a price-to-earnings ratio of 6.7. Earnings for Ally Financial are expected to decrease by -14.22% in the coming year, from $8.23 to $7.06 per share. Ally Financial has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Friday, January 28th, 2022 based off prior year’s report dates.

Earnings for Ally Financial are expected to decrease by -14.22% in the coming year, from $8.23 to $7.06 per share. The P/E ratio of Ally Financial is 6.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.04. The P/E ratio of Ally Financial is 6.70, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.53. Ally Financial has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Ally Financial (NYSE:ALLY) Moving Average Technical Analysis

5 day Moving Average is $53.83 And 5 day price change is -$4.06 (-7.40%)  with average volume for 5 day average is 3,071,694. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $53.08 and 20 day price change is -$1.53 (-2.92%) and average 20 day moving volume is 2,634,703. 50 day moving average is $52.49  and 50 day price change is -$3.45 ( -6.35%)  and with average volume for 50 days is : 2,818,877. 200 day moving average is $49.02  and 200 day price change is $13.63 (36.63%)  and with average volume for 200 days is : 3,619,894.

Other owners latest trading in Ally Financial :

  • On 10/22/2021 shares held by Spire Wealth Management were 6,997 which equates to market value of $0.36M and appx 0.00% owners of Ally Financial
  • On 10/22/2021 shares held by Strs Ohio were 51,879 which equates to market value of $2.65M and appx 0.00% owners of Ally Financial
  • On 10/22/2021 shares held by DekaBank Deutsche Girozentrale were 147,433 which equates to market value of $7.59M and appx 0.00% owners of Ally Financial
  • In total Institutional ownership equates to Institutional Ownership Percentage: 92.48% for Ally Financial

See More Analyst Rating at: RATING