Extremely important negative changes in investment behavior have recently occurred for Ally Financial Inc (NYSE: ALLY): the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.
Ally Financial Inc (NYSE: ALLY). Important negative changes in fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ALLY is expected to continue to be an important Value Builder.
Ally Financial has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Ally Financial has a good Power Rating of 81 and a very high Appreciation Score of 95, triggering the Highest Value Trend Rating.
Recent Price Action
On 9/13/24, Ally Financial Inc (NYSE: ALLY) stock rose modestly by 0.4%, closing at $32.97. Moreover, unusually high trading volume at 151% of normal accompanied the advance. The stock has declined -19.5% during the last week but has been strong relative to the market over the last nine months.
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