Ally Financial (NYSE:ALLY) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday.
Other research analysts also recently issued reports about the company. TheStreet upgraded Ally Financial from a “c+” rating to a “b-” rating in a research note on Thursday, July 19th. Oppenheimer set a $32.00 price target on Ally Financial and gave the company a “buy” rating in a research note on Thursday, October 25th. Zacks Investment Research downgraded Ally Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Nomura decreased their price target on Ally Financial from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, October 26th. Finally, Bank of America upgraded Ally Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $33.00 to $35.00 in a research note on Monday, July 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Ally Financial presently has a consensus rating of “Buy” and a consensus price target of $32.72.
ALLY stock opened at $25.75 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.60. The company has a market capitalization of $10.58 billion, a price-to-earnings ratio of 10.77, a P/E/G ratio of 0.62 and a beta of 1.34. Ally Financial has a twelve month low of $23.69 and a twelve month high of $31.29.
Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.11. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. Ally Financial had a return on equity of 10.22% and a net margin of 16.87%. On average, research analysts predict that Ally Financial will post 3.2 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Capital Fund Management S.A. bought a new position in shares of Ally Financial during the 2nd quarter worth approximately $15,987,000. Bank of Nova Scotia acquired a new stake in Ally Financial during the 2nd quarter worth approximately $1,681,000. Toronto Dominion Bank lifted its holdings in Ally Financial by 43.2% during the 2nd quarter. Toronto Dominion Bank now owns 43,331 shares of the financial services provider’s stock worth $1,138,000 after purchasing an additional 13,063 shares during the last quarter. BlackRock Inc. lifted its holdings in Ally Financial by 8.8% during the 2nd quarter. BlackRock Inc. now owns 26,537,339 shares of the financial services provider’s stock worth $697,136,000 after purchasing an additional 2,148,484 shares during the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new stake in Ally Financial during the 2nd quarter worth approximately $159,000. Institutional investors own 99.08% of the company’s stock.
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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