TD Cowen Upgrades Ally Financial (NYSE:ALLY) to Buy

Key Points

• TD Cowen has upgraded Ally Financial from a "hold" rating to a "buy" rating, increasing its price target from $43.00 to $50.00, indicating a potential upside of 25.71% from the last closing price.
• Other analysts have also shown positive sentiment, with Morgan Stanley raising its price target from $47.00 to $52.00 and Citigroup setting a target of $70.00 for the stock.
• Ally Financial has a consensus rating of "Moderate Buy" among analysts, with 11 recommending "Buy" and 8 rating it as "Hold." The average price target stands at $45.47.

Ally Financial (NYSE:ALLY - Get Free Report) was upgraded by equities research analysts at TD Cowen from a "hold" rating to a "buy" rating in a research report issued on Monday,Benzinga reports. The brokerage currently has a $50.00 price objective on the financial services provider's stock, up from their previous price objective of $43.00. TD Cowen's price target suggests a potential upside of 25.71% from the company's previous close.

Several other research analysts also recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Ally Financial from $47.00 to $52.00 and gave the stock an "overweight" rating in a report on Monday, September 29th. Wells Fargo & Company upgraded shares of Ally Financial from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $37.00 to $45.00 in a report on Tuesday, September 2nd. Citigroup boosted their price objective on shares of Ally Financial from $59.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, September 15th. BTIG Research upgraded shares of Ally Financial from a "sell" rating to a "neutral" rating in a report on Monday, July 14th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Ally Financial in a report on Tuesday, October 14th. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ally Financial currently has a consensus rating of "Moderate Buy" and an average price target of $45.47.

Ally Financial Stock Performance

Shares of ALLY opened at $39.77 on Monday. The company has a market capitalization of $12.24 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 0.30 and a beta of 1.18. Ally Financial has a one year low of $29.52 and a one year high of $44.83. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.92 and a quick ratio of 0.92. The company's fifty day moving average price is $40.40 and its 200 day moving average price is $37.51.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its earnings results on Monday, July 28th. The financial services provider reported $0.99 EPS for the quarter. The firm had revenue of $2.06 billion for the quarter. Ally Financial had a net margin of 8.10% and a return on equity of 9.96%. As a group, analysts expect that Ally Financial will post 3.57 earnings per share for the current year.

Institutional Trading of Ally Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. WPG Advisers LLC acquired a new position in Ally Financial in the first quarter valued at about $25,000. SVB Wealth LLC acquired a new position in Ally Financial in the first quarter valued at about $27,000. Allworth Financial LP boosted its position in Ally Financial by 385.2% in the second quarter. Allworth Financial LP now owns 752 shares of the financial services provider's stock valued at $29,000 after buying an additional 597 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Ally Financial by 662.0% in the second quarter. Hantz Financial Services Inc. now owns 823 shares of the financial services provider's stock valued at $32,000 after buying an additional 715 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in Ally Financial by 125.7% in the first quarter. Private Trust Co. NA now owns 914 shares of the financial services provider's stock valued at $33,000 after buying an additional 509 shares in the last quarter. Institutional investors own 88.76% of the company's stock.

Ally Financial Company Profile

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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