Oppenheimer began coverage on shares of Ally Financial (NYSE:ALLY) in a report released on Monday. The firm issued a buy rating and a $38.00 price objective on the financial services provider’s stock.

ALLY has been the topic of several other research reports. Wells Fargo & Co assumed coverage on Ally Financial in a research note on Friday, December 1st. They issued an outperform rating and a $30.00 price objective on the stock. BidaskClub upgraded Ally Financial from a buy rating to a strong-buy rating in a research note on Thursday, September 28th. ValuEngine upgraded Ally Financial from a buy rating to a strong-buy rating in a research note on Friday, September 22nd. Barclays upped their price objective on Ally Financial from $26.00 to $36.00 and gave the company an overweight rating in a research note on Tuesday, January 2nd. Finally, Piper Jaffray Companies reiterated a buy rating on shares of Ally Financial in a research note on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $30.47.

Ally Financial (NYSE ALLY) traded up $0.55 during trading on Monday, reaching $30.38. The company had a trading volume of 3,682,196 shares, compared to its average volume of 3,488,183. Ally Financial has a fifty-two week low of $18.11 and a fifty-two week high of $30.45. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 3.32. The stock has a market capitalization of $13,460.00, a P/E ratio of 14.13, a price-to-earnings-growth ratio of 1.16 and a beta of 1.46.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.57 by $0.08. Ally Financial had a return on equity of 7.72% and a net margin of 14.75%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the business earned $0.56 earnings per share. equities analysts anticipate that Ally Financial will post 2.28 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. QS Investors LLC increased its holdings in shares of Ally Financial by 0.7% in the second quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock worth $229,000 after purchasing an additional 74 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Ally Financial by 8.3% in the second quarter. Pacer Advisors Inc. now owns 11,614 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 886 shares during the period. Toronto Dominion Bank increased its holdings in shares of Ally Financial by 23.0% in the second quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 1,070 shares during the period. Advantage Investment Management LLC increased its stake in Ally Financial by 11.5% in the third quarter. Advantage Investment Management LLC now owns 19,180 shares of the financial services provider’s stock valued at $465,000 after acquiring an additional 1,975 shares during the last quarter. Finally, Sterling Capital Management LLC increased its stake in Ally Financial by 14.6% in the third 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.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://www.watchlistnews.com/ally-financial-ally-now-covered-by-analysts-at-oppenheimer/1800293.html.

About Ally Financial

Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.

Analyst Recommendations for Ally Financial (NYSE:ALLY)

Receive News & Ratings for Ally Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ally Financial and related companies with Analyst Ratings Network's FREE daily email newsletter.