Jefferies Group Reaffirms Buy Rating for Ally Financial (ALLY)

Jefferies Group reissued their buy rating on shares of Ally Financial (NYSE:ALLY) in a report published on Thursday morning. Jefferies Group currently has a $35.00 target price on the financial services provider’s stock. Jefferies Group also issued estimates for Ally Financial’s Q4 2017 earnings at $0.60 EPS, FY2017 earnings at $2.30 EPS, Q1 2018 earnings at $0.69 EPS, Q2 2018 earnings at $0.75 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.69 EPS and FY2018 earnings at $2.95 EPS.

Several other research analysts also recently commented on ALLY. Oppenheimer assumed coverage on shares of Ally Financial in a report on Monday, January 8th. They issued a buy rating and a $38.00 price target for the company. BidaskClub raised shares of Ally Financial from a buy rating to a strong-buy rating in a report on Thursday, September 28th. Zacks Investment Research raised shares of Ally Financial from a hold rating to a buy rating and set a $26.00 price target for the company in a report on Tuesday, September 26th. ValuEngine raised shares of Ally Financial from a buy rating to a strong-buy rating in a report on Friday, September 22nd. Finally, Barclays raised their price target on shares of Ally Financial from $26.00 to $36.00 and gave the company an overweight rating in a report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $30.88.

Ally Financial (ALLY) opened at $30.53 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.32. Ally Financial has a fifty-two week low of $18.11 and a fifty-two week high of $30.65. The company has a market cap of $13,499.94, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 0.90 and a beta of 1.46.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the firm earned $0.56 EPS. equities research analysts anticipate that Ally Financial will post 2.28 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of ALLY. Pacer Advisors Inc. raised its position in shares of Ally Financial by 8.3% during the 2nd quarter. Pacer Advisors Inc. now owns 11,614 shares of the financial services provider’s stock valued at $243,000 after buying an additional 886 shares in the last quarter. CIBC World Markets Inc. purchased a new stake in shares of Ally Financial during the 2nd quarter valued at $1,188,000. Aberdeen Asset Management PLC UK raised its position in shares of Ally Financial by 84.7% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 152,446 shares of the financial services provider’s stock valued at $3,186,000 after buying an additional 69,895 shares in the last quarter. Capital Fund Management S.A. purchased a new stake in shares of Ally Financial during the 2nd quarter valued at $2,396,000. Finally, Riverhead Capital Management LLC raised its position in shares of Ally Financial by 542.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 101,484 shares of the financial services provider’s stock valued at $2,121,000 after buying an additional 85,684 shares in the last quarter.

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About Ally Financial

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.

Analyst Recommendations for Ally Financial (NYSE:ALLY)

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