Ally Financial (ALLY) Getting Somewhat Favorable News Coverage, Accern Reports
Media headlines about Ally Financial (NYSE:ALLY) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ally Financial earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.3342764279911 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- $0.66 Earnings Per Share Expected for Ally Financial (ALLY) This Quarter (americanbankingnews.com)
- Ally Bank vs. Capital One 360: Which Is Best for You? (nerdwallet.com)
- Ally Financial (ALLY) Upgraded at BidaskClub (americanbankingnews.com)
- Ally Financial (ALLY) to Issue $0.13 Quarterly Dividend (americanbankingnews.com)
- Follow These 3 Steps to Meet Your Financial Goals (money.usnews.com)
A number of analysts recently weighed in on ALLY shares. JPMorgan Chase downgraded Ally Financial from an “overweight” rating to a “neutral” rating in a report on Friday, January 12th. Stephens upgraded Ally Financial from an “underweight” rating to an “equal” rating and set a $29.00 price objective for the company in a report on Monday, April 9th. They noted that the move was a valuation call. ValuEngine upgraded Ally Financial from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Barclays increased their price target on Ally Financial from $26.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Tuesday, January 2nd. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $32.94.
Ally Financial (NYSE:ALLY) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.11. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. Ally Financial had a return on equity of 8.10% and a net margin of 13.73%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $0.54 EPS. analysts expect that Ally Financial will post 2.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be paid a $0.13 dividend. The ex-dividend date is Monday, April 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.90%. Ally Financial’s dividend payout ratio is presently 21.76%.
About Ally Financial
Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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