Ally Financial Inc (ALLY) Given Average Recommendation of “Buy” by Brokerages
Shares of Ally Financial Inc (NYSE:ALLY) have been given an average rating of “Buy” by the twenty-one brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, fifteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $30.63.
ALLY has been the topic of several recent research reports. Morgan Stanley restated an “equal weight” rating and set a $28.00 price target (up previously from $26.00) on shares of Ally Financial in a report on Thursday, November 30th. Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Tuesday, January 2nd. ValuEngine upgraded Ally Financial from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Credit Suisse Group restated a “buy” rating and set a $28.00 price target on shares of Ally Financial in a report on Wednesday, October 4th. Finally, Oppenheimer initiated coverage on Ally Financial in a report on Monday. They set a “buy” rating and a $38.00 price target on the stock.
A number of institutional investors have recently made changes to their positions in ALLY. Toronto Dominion Bank grew its position in shares of Ally Financial by 23.0% during the 2nd quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock worth $119,000 after buying an additional 1,070 shares in the last quarter. Capital Management Associates NY bought a new position in shares of Ally Financial during the 3rd quarter worth $203,000. Crossmark Global Holdings Inc. bought a new position in shares of Ally Financial during the 3rd quarter worth $241,000. Tower Research Capital LLC TRC grew its position in shares of Ally Financial by 50.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,455 shares of the financial services provider’s stock worth $219,000 after buying an additional 3,505 shares in the last quarter. Finally, QS Investors LLC grew its position in shares of Ally Financial by 0.7% during the 2nd quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock worth $229,000 after buying an additional 74 shares in the last quarter.
Ally Financial (NYSE ALLY) traded down $0.39 during trading hours on Tuesday, reaching $29.83. The company had a trading volume of 3,084,600 shares, compared to its average volume of 3,449,400. Ally Financial has a one year low of $18.11 and a one year high of $30.25. The stock has a market cap of $13,190.00, a price-to-earnings ratio of 13.87, a PEG ratio of 1.16 and a beta of 1.46. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.32.
Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the firm posted $0.56 EPS. analysts anticipate that Ally Financial will post 2.28 earnings per share for the current fiscal year.
Ally Financial Company Profile
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.
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