Ally Financial (NYSE:ALLY) had its price target raised by investment analysts at BMO Capital Markets to $39.00 in a research note issued on Monday, The Fly reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 30.04% from the company’s current price.

A number of other brokerages have also weighed in on ALLY. Morgan Stanley increased their target price on Ally Financial from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday. Oppenheimer set a $33.00 price objective on Ally Financial and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Thursday, April 11th. Sandler O’Neill upgraded Ally Financial from a “hold” rating to a “buy” rating and raised their price objective for the stock from $29.00 to $33.00 in a research note on Tuesday, February 26th. They noted that the move was a valuation call. Finally, BTIG Research assumed coverage on Ally Financial in a research note on Thursday, January 24th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $32.85.

Shares of NYSE ALLY traded up $0.26 during trading hours on Monday, reaching $29.99. 729,816 shares of the stock were exchanged, compared to its average volume of 3,645,777. The firm has a market cap of $11.92 billion, a P/E ratio of 8.98, a price-to-earnings-growth ratio of 0.50 and a beta of 1.36. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.33. Ally Financial has a 52 week low of $20.60 and a 52 week high of $30.20.

Ally Financial (NYSE:ALLY) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.01. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.53 billion. Ally Financial had a return on equity of 11.01% and a net margin of 23.12%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share. Analysts forecast that Ally Financial will post 3.62 EPS for the current year.

In other Ally Financial news, CAO David J. Debrunner sold 2,222 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $27.73, for a total value of $61,616.06. Following the sale, the chief accounting officer now owns 112,423 shares of the company’s stock, valued at approximately $3,117,489.79. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael F. Steib bought 2,000 shares of Ally Financial stock in a transaction on Monday, February 11th. The stock was acquired at an average cost of $26.47 per share, for a total transaction of $52,940.00. Following the acquisition, the director now owns 29,027 shares in the company, valued at approximately $768,344.69. The disclosure for this purchase can be found here. 0.35% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of ALLY. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Ally Financial during the 1st quarter valued at $31,000. Private Capital Group LLC raised its holdings in Ally Financial by 53.5% during the 4th quarter. Private Capital Group LLC now owns 1,820 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 634 shares during the period. Enlightenment Research LLC bought a new stake in Ally Financial during the 4th quarter valued at $54,000. Truvestments Capital LLC bought a new stake in Ally Financial during the 1st quarter valued at $74,000. Finally, Oregon Public Employees Retirement Fund raised its holdings in Ally Financial by 2,129.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,394,346 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 2,286,941 shares during the period.

About Ally Financial

Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through 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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