Ally Financial (ALLY) Stock Rating Upgraded by ValuEngine

Ally Financial (NYSE:ALLY) was upgraded by stock analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Sunday.

Other analysts also recently issued research reports about the company. Zacks Investment Research raised Ally Financial from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Tuesday, September 26th. BMO Capital Markets lifted their target price on Ally Financial from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Morgan Stanley lifted their target price on Ally Financial from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Citigroup assumed coverage on Ally Financial in a research note on Monday, October 16th. They set a “buy” rating and a $30.00 target price on the stock. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of Ally Financial in a research note on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Ally Financial presently has an average rating of “Buy” and an average target price of $28.69.

Shares of Ally Financial (ALLY) opened at $29.16 on Friday. The stock has a market capitalization of $12,894.14, a P/E ratio of 13.50, a P/E/G ratio of 1.28 and a beta of 1.46. Ally Financial has a 1-year low of $18.11 and a 1-year high of $29.50. 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 (NYSE:ALLY) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.08. The business 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 quarter last year, the business posted $0.56 EPS. analysts forecast that Ally Financial will post 2.27 earnings per share for the current year.

Several hedge funds have recently modified their holdings of ALLY. Tiedemann Wealth Management LLC increased its position in shares of Ally Financial by 70.4% during the 3rd 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 position in shares of Ally Financial by 23.0% during the 2nd 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 position in shares of Ally Financial during the 3rd quarter valued at $203,000. Twin Tree Management LP acquired a new position in shares of Ally Financial during the 2nd quarter valued at $215,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Ally Financial by 50.4% during the 2nd 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.

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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.

Analyst Recommendations for Ally Financial (NYSE:ALLY)

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