Ally Financial (ALLY) : 6 brokerage houses believe that Ally Financial (ALLY) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Ally Financial (ALLY). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 1.67.
Ally Financial (ALLY) : The most positive equity analysts on Ally Financial (ALLY) expects the shares to touch $28, whereas, the least positive believes that the stock will trade at $19 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $23.64 with an expected fluctuation of $3.47 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Ally Financial (NYSE:ALLY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.69 and $18.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.88, notching a gain of 1.23% for the day. The total traded volume was 2,867,905 . The stock had closed at $18.65 on the previous day.
In a related news, Magner Marjorie, director of Ally Financial Inc. had purchased 1,000 shares on May 4, 2016 in a transaction. The price per share was $16.72 and the total amount of the disclosed transaction was $16,720.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Ally Financial Inc. is a financial holding company and a bank holding company. It is an independent, diversified financial services firm. Its banking subsidiary, Ally Bank, is an indirect wholly owned subsidiary of the Company and a franchise in the Internet, telephone, mobile and mail banking market. Dealer Financial Services, which includes the Companys Automotive Finance and Insurance operations, and Mortgage are its primary lines of business. Ally Bank offers deposit products, such as checking, savings and certificates of deposit (CDs), as well as several raise-your-rate CD terms, IRA deposit products, Popmoney person-to-person transfer service, eCheck remote deposit capture, Ally Perks debit rewards program and Mobile Banking.