Ally Financial Inc (ALLY) Receives $32.67 Consensus Price Target from Analysts

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Ally Financial Inc (NYSE:ALLY) has earned a consensus recommendation of “Buy” from the twenty-four ratings firms that are covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $32.67.

Several equities research analysts have weighed in on ALLY shares. TheStreet raised Ally Financial from a “c+” rating to a “b-” rating in a research report on Thursday, July 19th. Nomura started coverage on Ally Financial in a research report on Tuesday, June 19th. They issued a “neutral” rating and a $28.00 target price on the stock. Instinet started coverage on Ally Financial in a research report on Tuesday, June 19th. They issued a “neutral” rating and a $28.00 target price on the stock. Zacks Investment Research lowered Ally Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Finally, ValuEngine lowered Ally Financial from a “buy” rating to a “hold” rating in a research report on Friday, June 1st.

Several institutional investors and hedge funds have recently modified their holdings of ALLY. Freestone Capital Holdings LLC boosted its stake in Ally Financial by 4.9% during the first quarter. Freestone Capital Holdings LLC now owns 40,867 shares of the financial services provider’s stock valued at $1,110,000 after buying an additional 1,904 shares in the last quarter. Putnam Investments LLC boosted its stake in Ally Financial by 0.3% during the second quarter. Putnam Investments LLC now owns 839,837 shares of the financial services provider’s stock valued at $22,062,000 after buying an additional 2,225 shares in the last quarter. First Republic Investment Management Inc. boosted its stake in Ally Financial by 20.6% during the second quarter. First Republic Investment Management Inc. now owns 13,423 shares of the financial services provider’s stock valued at $353,000 after buying an additional 2,292 shares in the last quarter. Stifel Financial Corp boosted its stake in Ally Financial by 13.4% during the first quarter. Stifel Financial Corp now owns 20,086 shares of the financial services provider’s stock valued at $547,000 after buying an additional 2,381 shares in the last quarter. Finally, First Mercantile Trust Co. boosted its stake in Ally Financial by 27.6% during the second quarter. First Mercantile Trust Co. now owns 11,230 shares of the financial services provider’s stock valued at $295,000 after buying an additional 2,430 shares in the last quarter. 98.97% of the stock is currently owned by institutional investors.

ALLY traded down $0.01 during trading hours on Friday, hitting $27.57. 133,669 shares of the stock were exchanged, compared to its average volume of 2,495,458. Ally Financial has a 12 month low of $22.83 and a 12 month high of $31.29. The stock has a market capitalization of $11.49 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 0.69 and a beta of 1.34. The company has a debt-to-equity ratio of 3.60, a current ratio of 1.21 and a quick ratio of 1.21.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.12. Ally Financial had a return on equity of 9.45% and a net margin of 15.62%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the business posted $0.55 earnings per share. research analysts anticipate that Ally Financial will post 3.09 earnings per share for the current fiscal year.

About Ally Financial

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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Analyst Recommendations for Ally Financial (NYSE:ALLY)

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