Ally Financial Inc. (NYSE:ALLY) had its target price raised by equities researchers at BMO Capital Markets from $26.00 to $27.00 in a research report issued to clients and investors on Thursday, October 26th. The firm presently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ target price points to a potential upside of 5.59% from the stock’s previous close.
Several other analysts have also issued reports on ALLY. Keefe, Bruyette & Woods reissued a “buy” rating and set a $24.00 price target on shares of Ally Financial in a report on Tuesday, July 4th. BidaskClub lowered Ally Financial from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Stephens lowered Ally Financial from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $23.00 to $20.00 in a research note on Monday, July 17th. TheStreet raised Ally Financial from a “c” rating to a “b-” rating in a research note on Wednesday, July 19th. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of Ally Financial in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Ally Financial presently has a consensus rating of “Buy” and an average price target of $26.93.
Shares of Ally Financial (NYSE:ALLY) opened at $25.57 on Thursday. The firm has a market capitalization of $11,306.70, a P/E ratio of 11.36, a P/E/G ratio of 2.25 and a beta of 1.46. Ally Financial has a 1 year low of $17.83 and a 1 year high of $26.93. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.21 and a current ratio of 1.21.
Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.08. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Ally Financial had a return on equity of 7.72% and a net margin of 14.75%. During the same quarter in the previous year, the business earned $0.56 earnings per share. research analysts predict that Ally Financial will post 2.27 EPS for the current fiscal year.
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A number of hedge funds have recently modified their holdings of the stock. Wetherby Asset Management Inc. raised its stake in Ally Financial by 0.5% in the 2nd quarter. Wetherby Asset Management Inc. now owns 12,247 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 56 shares during the last quarter. QS Investors LLC raised its stake in Ally Financial by 0.7% in the 2nd quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 74 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Ally Financial by 0.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 28,029 shares of the financial services provider’s stock worth $586,000 after acquiring an additional 107 shares during the last quarter. Cadence Capital Management LLC raised its stake in Ally Financial by 0.8% in the 2nd quarter. Cadence Capital Management LLC now owns 14,986 shares of the financial services provider’s stock worth $313,000 after acquiring an additional 126 shares during the last quarter. Finally, First Heartland Consultants Inc. raised its stake in Ally Financial by 0.3% in the 2nd quarter. First Heartland Consultants Inc. now owns 49,668 shares of the financial services provider’s stock worth $1,038,000 after acquiring an additional 168 shares during the last quarter.
Ally Financial Company Profile
Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.
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