Zacks Investment Research downgraded Ally Financial Inc (NYSE:ALLY) to Sell in a statement released earlier today.
- Updated: September 27, 2016
Having a price of $18.86, Ally Financial Inc (NYSE:ALLY) traded 1.70% higher on the day. With the last stock price up 6.93% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. ALLY has recorded a 50-day average of $19.40 and a two hundred day average of $17.92. Trade Volume was down over the average, with 1,935,445 shares of ALLY changing hands under the typical 3,524,940
Zacks Investment Research has downgraded Ally Financial Inc (NYSE:ALLY) to Sell in a statement released on 09/27/2016.
On 9/20/2016, Zacks Investment Research released a statement about Ally Financial Inc (NYSE:ALLY) upped the target price from $0.00 to $21.00 that suggested an upside of 0.10%.
Recent Performance Chart
Ally Financial Inc has with a one year low of $14.55 and a one year high of $21.21 and has a total market value of $0.
A total of 18 equity analysts have released a ratings update on ALLY. Seven analysts rating the stock a strong buy, 11 brokerages rating the stock a buy, 1 firm rating the stock a hold, zero analysts rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $25.06.
More About Ally Financial Inc (NYSE:ALLY)
Ally Financial Inc. is a financial holding company and a bank holding company. The Company's banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. The Company operates through three segments: Automotive Finance operations, Insurance operations and Mortgage operations. Its Automotive Finance operations segment provides automotive financing services to consumers and automotive dealers. Its Insurance operations segment offers both consumer financial and insurance products sold through the automotive dealer channel, and commercial insurance products sold to dealers. Its Mortgage operations segment includes the management of its held-for-investment mortgage loan portfolio and the execution of bulk purchases of jumbo and low-to-moderate income (LMI) mortgage loans originated by third parties. Its main lines of business are Dealer Financial Services, which includes its Automotive Finance and Insurance operations, and Mortgage.
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