Ally Financial (NYSE:ALLY)‘s stock had its “buy” rating reaffirmed by equities researchers at Piper Jaffray Companies in a research report issued on Thursday. They currently have a $32.00 price target on the financial services provider’s stock. Piper Jaffray Companies’ target price points to a potential upside of 14.74% from the stock’s previous close.
A number of other research analysts also recently issued reports on ALLY. Jefferies Group reissued a “buy” rating and issued a $28.00 price objective on shares of Ally Financial in a research note on Wednesday, August 23rd. BMO Capital Markets reissued a “buy” rating and issued a $26.00 price objective on shares of Ally Financial in a research note on Friday, August 25th. ValuEngine raised Ally Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 22nd. Zacks Investment Research raised Ally Financial from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Tuesday, September 26th. Finally, BidaskClub raised Ally Financial from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $28.00.
Ally Financial (NYSE ALLY) opened at $27.89 on Thursday. The stock has a market capitalization of $12,359.10, a PE ratio of 12.42, a PEG ratio of 2.46 and a beta of 1.46. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.21 and a quick ratio of 1.21. Ally Financial has a 52 week low of $18.11 and a 52 week high of $28.24.
Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. Ally Financial had a return on equity of 7.72% and a net margin of 14.75%. During the same period in the previous year, the business earned $0.56 EPS. sell-side analysts predict that Ally Financial will post 2.27 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Toronto Dominion Bank increased its holdings in 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 purchasing an additional 1,070 shares in the last quarter. Capital Management Associates NY bought a new stake in Ally Financial during the 3rd quarter worth approximately $203,000. Capstone Asset Management Co. bought a new stake in Ally Financial during the 2nd quarter worth approximately $208,000. Crossmark Global Holdings Inc. bought a new stake in Ally Financial during the 3rd quarter worth approximately $241,000. Finally, Twin Tree Management LP bought a new stake in Ally Financial during the 2nd quarter worth approximately $215,000.
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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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