Ally Financial Inc. (NYSE:ALLY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Ally Financial Inc. (NYSE:ALLY) have received an average recommendation of “Hold” from the eighteen brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $42.53.

Several research analysts have recently commented on the company. Citigroup boosted their target price on Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Royal Bank of Canada restated an “outperform” rating and issued a $40.00 target price on shares of Ally Financial in a research note on Monday, October 21st. Keefe, Bruyette & Woods boosted their target price on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Evercore ISI dropped their price objective on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a research note on Monday, October 7th. Finally, TD Cowen lowered their price objective on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating for the company in a research report on Monday, September 23rd.

Ally Financial Stock Up 5.0 %

NYSE:ALLY opened at $37.09 on Thursday. The business’s fifty day moving average price is $36.89 and its 200 day moving average price is $38.02. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. Ally Financial has a 1-year low of $31.77 and a 1-year high of $45.46. The firm has a market capitalization of $11.30 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 0.46 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.38. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share. On average, sell-side analysts forecast that Ally Financial will post 3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its position in shares of Ally Financial by 68.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 68,986 shares of the financial services provider’s stock worth $2,455,000 after purchasing an additional 28,114 shares during the last quarter. Oak Thistle LLC acquired a new stake in Ally Financial during the fourth quarter worth approximately $1,112,000. CWA Asset Management Group LLC acquired a new position in shares of Ally Financial in the 3rd quarter valued at $1,338,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Ally Financial by 58.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 50,466 shares of the financial services provider’s stock worth $1,796,000 after purchasing an additional 18,671 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Ally Financial in the third quarter valued at about $21,571,000. 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.