Ally Financial (NYSE:ALLY) Price Target Lowered to $50.00 at Deutsche Bank Aktiengesellschaft

Ally Financial (NYSE:ALLY) had its price target reduced by equities research analysts at Deutsche Bank Aktiengesellschaft from $51.00 to $50.00 in a report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 24.04% from the company’s current price.

Several other analysts have also recently weighed in on the company. Citigroup started coverage on Ally Financial in a research report on Monday, June 24th. They set a “buy” rating and a $50.00 price objective on the stock. Bank of America upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $42.00 to $46.00 in a report on Tuesday, April 9th. BTIG Research began coverage on shares of Ally Financial in a report on Friday, June 7th. They issued a “buy” rating and a $51.00 price objective on the stock. Wells Fargo & Company upped their price objective 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. Finally, JPMorgan Chase & Co. cut shares of Ally Financial from a “neutral” rating to an “underweight” rating and upped their price objective for the stock from $37.00 to $39.00 in a report on Wednesday, April 3rd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Ally Financial has a consensus rating of “Hold” and an average price target of $41.18.

Ally Financial Stock Performance

NYSE:ALLY opened at $40.31 on Monday. The business’s 50-day moving average price is $39.31 and its two-hundred day moving average price is $37.57. Ally Financial has a twelve month low of $22.54 and a twelve month high of $41.77. The stock has a market cap of $12.25 billion, a P/E ratio of 16.45, a PEG ratio of 0.48 and a beta of 1.42. 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 (NYSE:ALLY) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. Ally Financial’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period last year, the firm posted $0.82 EPS. As a group, equities analysts predict that Ally Financial will post 3 EPS for the current fiscal year.

Institutional Trading of Ally Financial

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

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.