Stephens set a $27.00 target price on Ally Financial (NYSE:ALLY) in a report issued on Wednesday, January 3rd. The firm currently has a sell rating on the financial services provider’s stock.
Several other research analysts have also issued reports on the stock. Credit Suisse Group upped their target price on shares of Ally Financial from $28.00 to $30.00 and gave the stock an outperform rating in a research report on Thursday, October 26th. Piper Jaffray Companies reissued a buy rating on shares of Ally Financial in a research note on Wednesday, October 4th. Wells Fargo & Co started coverage on shares of Ally Financial in a research note on Friday, December 1st. They issued an outperform rating and a $30.00 price target for the company. BTIG Research reaffirmed a buy rating and set a $30.00 price objective on shares of Ally Financial in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised shares of Ally Financial from a sell rating to a hold rating and set a $29.00 price objective for the company in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Ally Financial currently has a consensus rating of Buy and a consensus price target of $30.88.
Ally Financial (NYSE ALLY) traded up $0.44 on Wednesday, hitting $30.50. 2,455,100 shares of the stock were exchanged, compared to its average volume of 3,760,000. Ally Financial has a 12-month low of $18.11 and a 12-month high of $30.65. The stock has a market cap of $13,490.00, a price-to-earnings ratio of 14.19, a P/E/G ratio of 1.16 and a beta of 1.46. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.21 and a quick ratio of 1.21.
Ally Financial (NYSE:ALLY) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.08. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the business earned $0.56 earnings per share. research analysts forecast that Ally Financial will post 2.28 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in Ally Financial by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 8,683,736 shares of the financial services provider’s stock worth $210,668,000 after buying an additional 114,270 shares in the last quarter. Bank of Nova Scotia bought a new position in Ally Financial in the second quarter worth about $2,262,000. State Treasurer State of Michigan grew its holdings in Ally Financial by 163.0% in the third quarter. State Treasurer State of Michigan now owns 3,762,933 shares of the financial services provider’s stock worth $91,289,000 after purchasing an additional 2,331,967 shares during the period. Saturna Capital CORP purchased a new stake in Ally Financial in the third quarter worth about $635,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in Ally Financial by 2.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,000 shares of the financial services provider’s stock worth $4,361,000 after purchasing an additional 3,600 shares during the period.
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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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