Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Ally Financial (NYSE:ALLY) Stock

Ally Financial (NYSE:ALLY) had its price objective boosted by research analysts at Keefe, Bruyette & Woods from $44.00 to $56.00 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 target points to a potential upside of 43.30% from the company’s current price.

Other research analysts have also issued research reports about the company. Royal Bank of Canada reissued an “outperform” rating and set a $40.00 price objective on shares of Ally Financial in a report on Monday, October 21st. StockNews.com raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research report on Saturday, October 19th. Bank of America reduced their price objective on shares of Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Citigroup lifted their target price on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Evercore ISI lowered their price target on Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $41.60.

Ally Financial Stock Up 1.4 %

Shares of ALLY traded up $0.53 during trading hours on Monday, reaching $39.08. The company’s stock had a trading volume of 588,431 shares, compared to its average volume of 3,444,080. The company has a 50 day moving average of $36.33 and a two-hundred day moving average of $38.59. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 0.46 and a beta of 1.42. Ally Financial has a 1-year low of $29.68 and a 1-year high of $45.46.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 earnings per share. As a group, research analysts predict that Ally Financial will post 3 EPS for the current fiscal year.

Hedge Funds Weigh In On Ally Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its position in shares of Ally Financial by 510.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 526 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Ally Financial by 153.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock worth $34,000 after buying an additional 577 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Ally Financial during the 2nd quarter worth $41,000. Allworth Financial LP boosted its position in Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock valued at $51,000 after buying an additional 421 shares during the last quarter. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of Ally Financial in the 2nd quarter valued at $52,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

About Ally Financial

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.