Jefferies Group restated their buy rating on shares of Ally Financial (NYSE:ALLY) in a research report sent to investors on Thursday morning. The firm currently has a $35.00 target price on the financial services provider’s stock. Jefferies Group also issued estimates for Ally Financial’s Q4 2017 earnings at $0.60 EPS, FY2017 earnings at $2.30 EPS, Q1 2018 earnings at $0.69 EPS, Q2 2018 earnings at $0.75 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.69 EPS and FY2018 earnings at $2.95 EPS.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research upgraded Ally Financial from a hold rating to a buy rating and set a $26.00 target price for the company in a research note on Tuesday, September 26th. BMO Capital Markets upped their target price on Ally Financial from $26.00 to $27.00 and gave the stock an outperform rating in a research note on Thursday, October 26th. Morgan Stanley upped their price target on shares of Ally Financial from $24.00 to $26.00 and gave the stock an overweight rating in a report on Thursday, October 26th. Oppenheimer started coverage on shares of Ally Financial in a report on Monday, January 8th. They set a buy rating and a $38.00 price target for the company. Finally, Citigroup started coverage on shares of Ally Financial in a report on Monday, October 16th. They set a buy rating and a $30.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $30.88.
Ally Financial (ALLY) traded up $0.03 during midday trading on Thursday, reaching $30.53. The company’s stock had a trading volume of 3,730,000 shares, compared to its average volume of 3,770,000. 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 has a 12-month low of $18.11 and a 12-month high of $30.65. The company has a market capitalization of $13,500.00, a PE ratio of 14.20, a PEG ratio of 0.90 and a beta of 1.46.
Ally Financial (NYSE:ALLY) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, topping 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 firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the company earned $0.56 earnings per share. equities research analysts expect that Ally Financial will post 2.28 earnings per share for the current year.
Several large investors have recently made changes to their positions in the company. Tiedemann Wealth Management LLC increased its holdings in Ally Financial by 70.4% in the third quarter. Tiedemann Wealth Management LLC now owns 20,169 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 8,332 shares during the period. Toronto Dominion Bank increased its holdings in Ally Financial by 23.0% in the second quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 1,070 shares during the period. Capital Management Associates NY acquired a new stake in Ally Financial in the third quarter valued at $203,000. Tower Research Capital LLC TRC increased its holdings in Ally Financial by 50.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,455 shares of the financial services provider’s stock valued at $219,000 after purchasing an additional 3,505 shares during the period. Finally, QS Investors LLC increased its holdings in Ally Financial by 0.7% in the second quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock valued at $229,000 after purchasing an additional 74 shares during the period.
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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.
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