Ally Financial (NYSE:ALLY) had its target price lifted by BMO Capital Markets from $32.00 to $33.00 in a research report released on Monday morning. The firm currently has a market perform rating on the financial services provider’s stock.
Several other brokerages have also commented on ALLY. Sandler O’Neill set a $29.00 price objective on Ally Financial and gave the company a hold rating in a research report on Thursday, March 15th. Morgan Stanley reiterated an equal weight rating and set a $28.00 price objective (up from $26.00) on shares of Ally Financial in a research report on Thursday, November 30th. Jefferies Group restated a buy rating and set a $35.00 target price on shares of Ally Financial in a report on Thursday, January 11th. Zacks Investment Research upgraded Ally Financial from a hold rating to a buy rating and set a $33.00 target price for the company in a report on Tuesday, January 2nd. Finally, ValuEngine upgraded Ally Financial from a buy rating to a strong-buy rating in a report on Sunday, December 31st. One analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $32.41.
Ally Financial stock opened at $27.47 on Monday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 3.28. The company has a market capitalization of $11,869.26, a PE ratio of 13.40, a PEG ratio of 0.72 and a beta of 1.40. Ally Financial has a 1 year low of $18.11 and a 1 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, beating the consensus estimate of $0.59 by $0.11. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. Ally Financial had a return on equity of 8.10% and a net margin of 13.73%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 EPS. sell-side analysts anticipate that Ally Financial will post 2.98 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sciencast Management LP purchased a new stake in Ally Financial in the 4th quarter worth approximately $301,000. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Ally Financial by 2.1% in 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 buying an additional 3,600 shares during the period. Toronto Dominion Bank lifted its holdings in Ally Financial by 36.7% in the 4th quarter. Toronto Dominion Bank now owns 26,512 shares of the financial services provider’s stock worth $773,000 after buying an additional 7,118 shares during the period. Saturna Capital CORP purchased a new stake in Ally Financial in the 3rd quarter worth approximately $635,000. Finally, LSV Asset Management lifted its holdings in Ally Financial by 761.4% in the 4th quarter. LSV Asset Management now owns 1,533,241 shares of the financial services provider’s stock worth $44,709,000 after buying 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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