Ally Financial (NYSE:ALLY) Price Target Increased to $37.00 by Analysts at BMO Capital Markets

Ally Financial (NYSE:ALLY) had its price target increased by investment analysts at BMO Capital Markets from $36.00 to $37.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ price objective points to a potential downside of 4.42% from the company’s current price.

Several other research firms have also weighed in on ALLY. Evercore ISI raised their price objective on shares of Ally Financial from $41.00 to $43.00 and gave the company an “in-line” rating in a research report on Thursday, March 28th. Bank of America upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and raised their price objective for the company from $42.00 to $46.00 in a research report on Tuesday, April 9th. The Goldman Sachs Group restated a “buy” rating on shares of Ally Financial in a research report on Thursday, February 1st. Morgan Stanley upgraded shares of Ally Financial from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $37.00 to $47.00 in a report on Thursday, February 8th. Finally, Wells Fargo & Company raised their target price on shares of Ally Financial from $29.00 to $33.00 and gave the stock an “underweight” rating in a report on Wednesday, April 10th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $37.59.

Ally Financial Stock Up 6.7 %

Ally Financial stock opened at $38.71 on Friday. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 0.53 and a beta of 1.40. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. The company’s 50-day moving average price is $37.65 and its two-hundred day moving average price is $32.82. Ally Financial has a 52 week low of $22.54 and a 52 week high of $41.56.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.12. Ally Financial had a net margin of 12.42% and a return on equity of 9.41%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the firm posted $0.82 EPS. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. On average, analysts expect that Ally Financial will post 2.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Ally Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALLY. Roundview Capital LLC bought a new position in Ally Financial during the first quarter valued at approximately $242,000. Cetera Advisor Networks LLC bought a new position in Ally Financial during the first quarter valued at approximately $214,000. D.A. Davidson & CO. bought a new position in Ally Financial during the first quarter valued at approximately $261,000. MetLife Investment Management LLC bought a new position in Ally Financial during the first quarter valued at approximately $294,000. Finally, Rhumbline Advisers raised its position in Ally Financial by 1.4% during the first quarter. Rhumbline Advisers now owns 291,312 shares of the financial services provider’s stock valued at $12,666,000 after acquiring an additional 4,099 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.