Stock analysts at Instinet initiated coverage on shares of Ally Financial (NYSE:ALLY) in a report issued on Tuesday, June 19th. The firm set a “neutral” rating and a $28.00 price target on the financial services provider’s stock. Instinet’s price objective points to a potential upside of 6.59% from the stock’s previous close.
A number of other analysts have also weighed in on the stock. UBS Group began coverage on shares of Ally Financial in a report on Tuesday, March 27th. They issued a “buy” rating and a $33.00 price target for the company. Oppenheimer set a $35.00 price target on shares of Ally Financial and gave the stock a “buy” rating in a research report on Thursday, April 12th. Sandler O’Neill reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Ally Financial in a research report on Friday, February 23rd. Zacks Investment Research raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Finally, BMO Capital Markets lifted their price target on shares of Ally Financial from $32.00 to $33.00 and gave the company a “market perform” rating in a research note on Monday, March 19th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $32.50.
ALLY stock opened at $26.27 on Tuesday. The company has a debt-to-equity ratio of 3.45, a current ratio of 1.19 and a quick ratio of 1.19. Ally Financial has a 52-week low of $20.65 and a 52-week high of $31.29. The stock has a market cap of $11.06 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 0.68 and a beta of 1.37.
Ally Financial (NYSE:ALLY) last released its earnings results on Thursday, April 26th. The financial services provider reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.02. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Ally Financial had a net margin of 14.20% and a return on equity of 8.71%. During the same quarter last year, the company earned $0.48 earnings per share. equities analysts anticipate that Ally Financial will post 2.97 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC bought a new position in shares of Ally Financial during the first quarter valued at about $109,000. Focused Wealth Management Inc purchased a new stake in Ally Financial during the first quarter worth about $163,000. Ostrum Asset Management purchased a new position in shares of Ally Financial in the first quarter worth about $221,000. Commonwealth Equity Services LLC purchased a new position in shares of Ally Financial in the first quarter worth about $223,000. Finally, ETRADE Capital Management LLC bought a new position in shares of Ally Financial in the first quarter valued at approximately $226,000. 97.95% of the stock is currently owned by institutional investors.
About Ally Financial
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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