Ally Financial (NYSE:ALLY) – Analysts at Piper Jaffray lifted their Q1 2018 earnings per share estimates for Ally Financial in a research report issued to clients and investors on Friday, April 6th. Piper Jaffray analyst K. Barker now forecasts that the financial services provider will post earnings of $0.65 per share for the quarter, up from their prior estimate of $0.63. Piper Jaffray currently has a “Buy” rating on the stock. Piper Jaffray also issued estimates for Ally Financial’s Q3 2018 earnings at $0.79 EPS, Q4 2018 earnings at $0.77 EPS, FY2018 earnings at $2.92 EPS, Q1 2019 earnings at $0.76 EPS, Q2 2019 earnings at $0.83 EPS, Q3 2019 earnings at $0.95 EPS, Q4 2019 earnings at $0.91 EPS and FY2019 earnings at $3.45 EPS.
A number of other equities analysts have also recently weighed in on ALLY. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $35.00 price target on shares of Ally Financial in a research note on Friday, December 22nd. ValuEngine raised shares of Ally Financial from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Barclays upped their price target on shares of Ally Financial from $26.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Zacks Investment Research raised shares of Ally Financial from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Tuesday, January 2nd. Finally, Stephens set a $27.00 price target on shares of Ally Financial and gave the stock a “sell” rating in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Ally Financial has an average rating of “Buy” and an average target price of $33.00.
Shares of Ally Financial stock opened at $26.62 on Monday. The firm has a market cap of $11,573.60, a price-to-earnings ratio of 11.14, a PEG ratio of 0.71 and a beta of 1.38. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 3.28. Ally Financial has a one year low of $18.11 and a one year high of $31.29.
Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.11. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. Ally Financial had a net margin of 13.73% and a return on equity of 8.10%. Ally Financial’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Greenleaf Trust grew its stake in Ally Financial by 1.1% in the 4th quarter. Greenleaf Trust now owns 203,834 shares of the financial services provider’s stock valued at $5,944,000 after acquiring an additional 2,270 shares during the last quarter. Sterling Capital Management LLC grew its stake in Ally Financial by 14.6% in the 3rd quarter. Sterling Capital Management LLC now owns 18,000 shares of the financial services provider’s stock valued at $437,000 after acquiring an additional 2,300 shares during the last quarter. BB&T Securities LLC grew its stake in Ally Financial by 1.9% in the 4th quarter. BB&T Securities LLC now owns 123,699 shares of the financial services provider’s stock valued at $3,607,000 after acquiring an additional 2,343 shares during the last quarter. Graybill Bartz & Assoc Ltd. grew its stake in Ally Financial by 1.5% in the 4th quarter. Graybill Bartz & Assoc Ltd. now owns 168,044 shares of the financial services provider’s stock valued at $4,900,000 after acquiring an additional 2,550 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its stake in Ally Financial by 3.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 84,883 shares of the financial services provider’s stock valued at $2,475,000 after acquiring an additional 2,583 shares during the last quarter.
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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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