Nomura Remains a Hold on Ally Financial (ALLY)


Nomura analyst Bill Carcache maintained a Hold rating on Ally Financial (NYSE: ALLY) today and set a price target of $27. The company’s shares opened today at $24.76, close to its 52-week low of $23.69.

According to TipRanks.com, Carcache is a 5-star analyst with an average return of 16.8% and a 78.2% success rate. Carcache covers the Financial sector, focusing on stocks such as Capital One Financial, Fifth Third Bancorp, and American Express.

Ally Financial has an analyst consensus of Moderate Buy, with a price target consensus of $31.33, implying a 26.5% upside from current levels. In a report released today, Morgan Stanley also maintained a Hold rating on the stock with a $30 price target.

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Ally Financial’s market cap is currently $10.65B and has a P/E ratio of 10.33. The company has a Price to Book ratio of 0.81.

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Ally Financial, Inc. is a holding company, which provides digital financial services to consumers, businesses, automotive dealers, and corporate clients. It operates through the following segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations.

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