Ally Financial (NYSE:ALLY) had its target price raised by stock analysts at BMO Capital Markets from $45.00 to $53.00 in a research note issued on Monday, The Fly reports. BMO Capital Markets' price objective indicates a potential upside of 34.62% from the stock's previous close.
ALLY has been the topic of several other reports. The Goldman Sachs Group lifted their target price on Ally Financial from $36.00 to $41.00 and gave the company a "buy" rating in a research report on Friday, December 4th. Royal Bank of Canada began coverage on Ally Financial in a research report on Monday, December 21st. They set an "outperform" rating and a $41.00 target price on the stock. Zacks Investment Research downgraded Ally Financial from a "strong-buy" rating to a "hold" rating and set a $36.00 target price on the stock. in a research report on Monday, December 21st. Barclays lifted their target price on Ally Financial from $48.00 to $52.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Morgan Stanley lifted their target price on Ally Financial from $47.00 to $51.00 and gave the company an "overweight" rating in a research report on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company's stock. The stock has a consensus rating of "Buy" and an average price target of $37.35.
ALLY stock traded down $1.24 on Monday, reaching $39.37. 316,029 shares of the company traded hands, compared to its average volume of 4,931,798. Ally Financial has a one year low of $10.22 and a one year high of $41.99. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $14.72 billion, a P/E ratio of 19.30 and a beta of 1.61. The firm has a fifty day simple moving average of $35.90 and a 200-day simple moving average of $27.82.
Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Thursday, January 21st. The financial services provider reported $1.60 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.05 by $0.55. Ally Financial had a return on equity of 6.43% and a net margin of 12.22%. On average, sell-side analysts forecast that Ally Financial will post 2.48 EPS for the current year.
In other Ally Financial news, CAO David J. Debrunner sold 22,500 shares of the business's stock in a transaction that occurred on Monday, November 16th. The stock was sold at an average price of $30.82, for a total transaction of $693,450.00. Following the sale, the chief accounting officer now directly owns 87,079 shares of the company's stock, valued at $2,683,774.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.36% of the company's stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Patriot Financial Group Insurance Agency LLC increased its stake in Ally Financial by 52.0% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 760 shares of the financial services provider's stock worth $27,000 after acquiring an additional 260 shares during the last quarter. Eudaimonia Partners LLC bought a new position in shares of Ally Financial during the third quarter valued at approximately $143,000. Global Retirement Partners LLC bought a new position in shares of Ally Financial during the third quarter valued at approximately $37,000. Leelyn Smith LLC bought a new position in shares of Ally Financial during the fourth quarter valued at approximately $53,000. Finally, Sandy Spring Bank bought a new position in shares of Ally Financial during the third quarter valued at approximately $38,000. 92.07% of the stock is currently owned by institutional investors.
About Ally Financial
Ally Financial Inc, a bank holding company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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