Ally Financial (NYSE:ALLY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $31.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 13.30% from the company’s previous close.

According to Zacks, “Shares of Ally Financial have outperformed the industry over the past 12 months. The company also possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in each of the trailing four quarters. The company’s initiatives to diversify revenue base will likely support profitability in the quarters ahead. While persistently increasing expenses and high debt levels remain major concerns, improving net interest margin (driven by higher rates and loan growth) will likely aid top-line growth. Also, the company's enhanced capital deployment plan reflects strong balance sheet position.”

A number of other equities analysts also recently weighed in on ALLY. TheStreet raised shares of Ally Financial from a “c+” rating to a “b-” rating in a research note on Thursday, July 19th. ValuEngine downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a research note on Friday, June 1st. Janney Montgomery Scott raised shares of Ally Financial from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Friday, June 29th. Bank of America raised shares of Ally Financial from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $33.00 to $35.00 in a research note on Monday, July 30th. Finally, Nomura started coverage on shares of Ally Financial in a research note on Tuesday, June 19th. They issued a “neutral” rating and a $28.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $32.75.

NYSE:ALLY traded up $0.06 on Tuesday, reaching $27.36. The stock had a trading volume of 116,971 shares, compared to its average volume of 2,828,157. The firm has a market cap of $11.62 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 0.70 and a beta of 1.34. Ally Financial has a 1-year low of $23.15 and a 1-year high of $31.29. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.60.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.12. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. Ally Financial had a net margin of 15.62% and a return on equity of 9.45%. During the same period in the previous year, the business earned $0.55 earnings per share. research analysts expect that Ally Financial will post 3.09 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Freestone Capital Holdings LLC raised its stake in shares of 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 worth $1,110,000 after buying an additional 1,904 shares during the last quarter. Putnam Investments LLC raised its stake in shares of Ally Financial by 0.3% during the second quarter. Putnam Investments LLC now owns 839,837 shares of the financial services provider’s stock worth $22,062,000 after buying an additional 2,225 shares during the last quarter. First Republic Investment Management Inc. raised its stake in shares of 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 worth $353,000 after buying an additional 2,292 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Ally Financial by 13.4% during the first quarter. Stifel Financial Corp now owns 20,086 shares of the financial services provider’s stock worth $547,000 after buying an additional 2,381 shares during the last quarter. Finally, First Mercantile Trust Co. raised its stake in shares of 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 worth $295,000 after buying an additional 2,430 shares during the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Ally Financial (NYSE:ALLY)

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