TD Cowen Analysts Give Positive Coverage to Ally Financial
November 4, 2023
☀️Trending News
TD Cowen analysts have recently given Ally Financial ($NYSE:ALLY) new coverage, giving the company a positive assessment. Ally Financial is a financial services company that specializes in digital banking, loans, investments, and insurance to more than 4 million customers. The recent coverage from TD Cowen analysts is a sign of the company’s growing presence in the financial sector. As a result of the positive coverage, Ally Financial’s stock has been on a steady rise in recent weeks. The company is focusing on providing innovative solutions to its customers and is well-positioned to take advantage of the digital transformation of the financial sector.
Ally Financial is also making an effort to become a greener and more sustainable business. The company has committed to reducing its carbon footprint and has implemented new initiatives to promote environmental sustainability. The company has also been investing in renewable energy sources and has made a commitment to reducing its energy use. The company is also making efforts to become a greener and more sustainable business, which bodes well for its long-term success.
Share Price
On Friday, TD Cowen analysts gave positive coverage to Ally Financial and the stock opened at $26.6 and closed at $27.1, up by 4.5% from the previous closing price of 26.0. The approval from TD Cowen analysts was seen as a bullish signal for the company’s stock, as investors responded positively to the news. The report from the analysts highlighted Ally Financial’s strong balance sheet and noted its reputation for customer service.
Furthermore, the report highlighted the company’s diversified product portfolio across automotive finance, insurance, mortgages, and other services as a positive factor for the company’s long-term prospects. Overall, TD Cowen analysts concluded that Ally Financial is emerging as a strong player in financial services and is well-positioned to capitalize on current market opportunities. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ally Financial. More…
| Total Revenues | Net Income | Net Margin |
| 9.21k | 1.11k | 13.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ally Financial. More…
| Operations | Investing | Financing |
| 5.85k | -7.57k | 5.11k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ally Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 195.7k | 182.88k | 42.52 |
Key Ratios Snapshot
Some of the financial key ratios for Ally Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.7% | – | – |
| FCF Margin | ROE | ROA |
| 32.4% | 6.9% | 0.5% |
Analysis
At GoodWhale, we conducted an analysis of ALLY FINANCIAL‘s wellbeing and have classified them as ‘rhino’. This is a type of company we conclude has achieved moderate revenue or earnings growth. Investors interested in such a company could be those looking for steady dividend payouts, as ALLY FINANCIAL is strong in this department. However, ALLY FINANCIAL is weak in asset, growth, and profitability. This is reflected in their intermediate health score of 6/10. Considering their cashflows and debt, we believe that ALLY FINANCIAL is likely to pay off their debt and fund future operations. More…
Peers
The company competes with other online banking providers, such as Jumbo Finance Ltd, Avasara Finance Ltd, and Dharani Finance Ltd. Ally Financial Inc has a strong focus on providing a great customer experience, offering competitive rates and products, and providing excellent customer service.
– Jumbo Finance Ltd ($BSE:511730)
Avasara Finance Ltd is an Indian finance company that provides a range of financial products and services to individuals and businesses. The company has a market cap of 65.11M as of 2022 and a Return on Equity of -11.47%. The company offers products and services such as personal loans, home loans, business loans, credit cards, and investment products. Avasara Finance Ltd is headquartered in Mumbai, India.
– Avasara Finance Ltd ($BSE:511451)
Dharani Finance Ltd, a Non-Banking Financial Company, has a market cap of 35.31M as of 2022. The company’s Return on Equity is 0.1%. Dharani Finance Ltd is engaged in the business of providing financial services to the rural and semi-urban areas of Tamil Nadu. The company offers various products and services such asterm loans, working capital loans, vehicle loans, housing loans, and microfinance.
Summary
Investors in Ally Financial, Inc. (ALLY) have been given a reason to be bullish on their stock following the company’s recent coverage upgrade from analysts at TD Cowen. Analysts have upgraded the stock to an “Outperform” rating from its previous “Market Perform” rating, citing the company’s recently improved capital position and the potential for increased profits from the sale of its stake in TD Ameritrade. Following this news, Ally’s stock price moved up on the same day, showing that investors are optimistic about the company’s prospects moving forward.
Analysts highlight the company’s commitment to further improving its balance sheet and diversifying its income sources as key points of strength. Overall, analysts remain bullish on Ally and view it as a good long-term investment.
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