Ally Financial (NYSE:ALLY) had its target price upped by BMO Capital Markets from $32.00 to $33.00 in a research report report published on Monday morning. They currently have a market perform rating on the financial services provider’s stock.
A number of other research firms have also recently weighed in on ALLY. Oppenheimer set a $38.00 target price on shares of Ally Financial and gave the company a buy rating in a research note on Tuesday, January 30th. Wells Fargo reissued an outperform rating and issued a $35.00 price target (up previously from $30.00) on shares of Ally Financial in a research report on Wednesday, January 31st. Credit Suisse Group boosted their price target on shares of Ally Financial from $32.00 to $34.00 and gave the company an outperform rating in a research report on Wednesday, January 31st. Morgan Stanley boosted their price target on shares of Ally Financial from $28.00 to $34.00 and gave the company an overweight rating in a research report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. lowered shares of Ally Financial from an overweight rating to a neutral rating in a research report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $32.41.
Ally Financial stock opened at $26.48 on Monday. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $11,917.09, a PE ratio of 12.92, a price-to-earnings-growth ratio of 0.73 and a beta of 1.40. Ally Financial has a 52 week low of $18.11 and a 52 week high of $31.29.
Ally Financial (NYSE:ALLY) last released its earnings results on Tuesday, January 30th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.11. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Ally Financial had a net margin of 13.73% and a return on equity of 8.10%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share. equities research analysts anticipate that Ally Financial will post 2.98 EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. Sciencast Management LP bought a new stake in Ally Financial during the 4th quarter worth approximately $301,000. Caisse DE Depot ET Placement DU Quebec increased its holdings in Ally Financial by 2.1% during the 3rd 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 during the period. Toronto Dominion Bank increased its holdings in Ally Financial by 36.7% during the 4th quarter. Toronto Dominion Bank now owns 26,512 shares of the financial services provider’s stock worth $773,000 after acquiring an additional 7,118 shares during the period. Saturna Capital CORP bought a new stake in Ally Financial during the 3rd quarter worth approximately $635,000. Finally, LSV Asset Management increased its holdings in Ally Financial by 761.4% during the 4th quarter. LSV Asset Management now owns 1,533,241 shares of the financial services provider’s stock worth $44,709,000 after acquiring an additional 1,355,241 shares during the period.
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Ally Financial Company Profile
Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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