Ally Financial Inc (NYSE:ALLY) – Jefferies Group lifted their FY2017 earnings per share estimates for shares of Ally Financial in a research report issued on Wednesday. Jefferies Group analyst J. Hecht now forecasts that the financial services provider will earn $2.30 per share for the year, up from their prior estimate of $2.25. Jefferies Group currently has a “Buy” rating and a $35.00 target price on the stock. Jefferies Group also issued estimates for Ally Financial’s Q1 2018 earnings at $0.69 EPS, Q2 2018 earnings at $0.75 EPS and FY2018 earnings at $2.95 EPS.
Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the company earned $0.56 earnings per share.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Ally Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Tuesday, September 26th. BMO Capital Markets boosted their price target on shares of Ally Financial from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, October 26th. Morgan Stanley boosted their price target on shares of Ally Financial from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Oppenheimer started coverage on shares of Ally Financial in a research report on Monday. They set a “buy” rating and a $38.00 price target on the stock. Finally, Citigroup started coverage on shares of Ally Financial in a research report on Monday, October 16th. They set a “buy” rating and a $30.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have given 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 a consensus target price of $30.88.
Ally Financial (NYSE:ALLY) opened at $30.50 on Thursday. Ally Financial has a 52-week low of $18.11 and a 52-week high of $30.65. The stock has a market cap of $13,490.00, a PE ratio of 14.19, a price-to-earnings-growth 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.
Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in Ally Financial by 1.3% during 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 acquiring an additional 114,270 shares in the last quarter. Bank of Nova Scotia bought a new stake in Ally Financial during the second quarter worth about $2,262,000. State Treasurer State of Michigan boosted its stake in Ally Financial by 163.0% during 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 acquiring an additional 2,331,967 shares in the last quarter. Saturna Capital CORP bought a new stake in Ally Financial during the third quarter worth about $635,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Ally Financial by 2.1% during 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 acquiring an additional 3,600 shares in the last quarter.
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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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