Keefe, Bruyette & Woods Increases Ally Financial (NYSE:ALLY) Price Target to $48.00

Ally Financial (NYSE:ALLYGet Free Report) had its price target raised by investment analysts at Keefe, Bruyette & Woods from $45.00 to $48.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 16.99% from the company’s previous close.

Several other research analysts have also weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Ally Financial from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $39.00 to $45.00 in a research note on Monday. Evercore ISI increased their price objective on Ally Financial from $43.00 to $45.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Deutsche Bank Aktiengesellschaft lowered their target price on Ally Financial from $51.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, July 1st. StockNews.com raised Ally Financial from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Finally, BTIG Research initiated coverage on Ally Financial in a research note on Friday, June 7th. They issued a “buy” rating and a $51.00 price target for the company. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Ally Financial has an average rating of “Hold” and an average target price of $41.89.

Get Our Latest Stock Analysis on Ally Financial

Ally Financial Stock Performance

ALLY opened at $41.03 on Monday. The business has a fifty day simple moving average of $39.44 and a 200-day simple moving average of $37.79. The firm has a market cap of $12.47 billion, a PE ratio of 16.75, a P/E/G ratio of 0.48 and a beta of 1.41. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. Ally Financial has a fifty-two week low of $22.54 and a fifty-two week high of $41.77.

Ally Financial (NYSE:ALLYGet Free Report) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.33 by $0.12. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period last year, the company posted $0.82 earnings per share. As a group, equities analysts predict that Ally Financial will post 3 EPS for the current fiscal year.

Institutional Investors Weigh In On Ally Financial

Several institutional investors and hedge funds have recently made changes to their positions in ALLY. Transcendent Capital Group LLC bought a new stake in Ally Financial during the 1st quarter worth approximately $28,000. Rise Advisors LLC acquired a new position in Ally Financial in the first quarter worth $32,000. Northwest Financial Advisors bought a new stake in shares of Ally Financial during the fourth quarter worth $31,000. SYSTM Wealth Solutions LLC increased its stake in shares of Ally Financial by 571.7% in the first quarter. SYSTM Wealth Solutions LLC now owns 927 shares of the financial services provider’s stock valued at $38,000 after buying an additional 789 shares in the last quarter. Finally, Quarry LP increased its stake in shares of Ally Financial by 165.7% in the fourth quarter. Quarry LP now owns 959 shares of the financial services provider’s stock valued at $33,000 after buying an additional 598 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Ally Financial Company Profile

(Get Free Report)

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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Analyst Recommendations for Ally Financial (NYSE:ALLY)

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