Ally Financial (NYSE:ALLY) Price Target Raised to $48.00

Ally Financial (NYSE:ALLY) had its target price lifted by equities researchers at The Goldman Sachs Group from $42.00 to $48.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 21.98% from the stock’s current price.

A number of other research analysts have also issued reports on ALLY. Keefe, Bruyette & Woods raised their price target on shares of Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Citigroup raised their target price on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. dropped their price objective on Ally Financial from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Barclays boosted their price target on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $40.00 target price on shares of Ally Financial in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $42.82.

Ally Financial Stock Performance

Shares of Ally Financial stock traded down $0.30 during trading on Thursday, reaching $39.35. The company’s stock had a trading volume of 1,079,416 shares, compared to its average volume of 3,870,975. 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 fifty-two week low of $31.95 and a fifty-two week high of $45.46. The company has a 50-day moving average price of $36.92 and a two-hundred day moving average price of $37.93. The firm has a market cap of $11.99 billion, a PE ratio of 15.74, a P/E/G ratio of 0.40 and a beta of 1.44.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.21. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2,021,808.41 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. Ally Financial’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. On average, analysts forecast that Ally Financial will post 2.96 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Venturi Wealth Management LLC lifted its stake in Ally Financial by 153.9% during the third quarter. Venturi Wealth Management LLC now owns 952 shares of the financial services provider’s stock valued at $34,000 after buying an additional 577 shares in the last quarter. Allworth Financial LP grew its position in Ally Financial by 41.9% during the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 421 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Ally Financial by 218.8% during the fourth quarter. UMB Bank n.a. now owns 1,546 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,061 shares in the last quarter. Quarry LP lifted its stake in Ally Financial by 311.4% in the 2nd quarter. Quarry LP now owns 1,510 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 1,143 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Ally Financial in the 3rd quarter valued at about $63,000. 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.