Ally Financial (NYSE:ALLY) Price Target Raised to $43.00 at Evercore ISI

Ally Financial (NYSE:ALLY) had its price target upped by Evercore ISI from $41.00 to $43.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “in-line” rating on the financial services provider’s stock. Evercore ISI’s target price indicates a potential upside of 6.57% from the company’s previous close.

ALLY has been the subject of a number of other research reports. TheStreet upgraded Ally Financial from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 target price on shares of Ally Financial in a report on Monday, January 22nd. Wolfe Research upgraded Ally Financial from a “peer perform” rating to an “outperform” rating and set a $39.00 price objective for the company in a report on Thursday, November 30th. Deutsche Bank Aktiengesellschaft started coverage on Ally Financial in a report on Wednesday, January 10th. They set a “buy” rating and a $47.00 price objective for the company. Finally, BMO Capital Markets boosted their price objective on Ally Financial from $36.00 to $37.00 and gave the company a “market perform” rating in a report on Tuesday, January 23rd. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $35.50.

Ally Financial Trading Up 1.4 %

Shares of Ally Financial stock traded up $0.54 during midday trading on Thursday, reaching $40.35. 829,451 shares of the company’s stock traded hands, compared to its average volume of 4,008,143. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $12.17 billion, a PE ratio of 13.46 and a beta of 1.40. The stock has a 50 day moving average of $36.98 and a 200-day moving average of $31.65. Ally Financial has a 12 month low of $22.54 and a 12 month high of $41.56.

Ally Financial (NYSE:ALLY) last announced its earnings results on Friday, January 19th. The financial services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.99 billion. Ally Financial had a return on equity of 9.41% and a net margin of 12.42%. During the same quarter in the prior year, the company earned $1.08 earnings per share. As a group, equities analysts expect that Ally Financial will post 3.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ALLY. Salem Investment Counselors Inc. grew its stake in Ally Financial by 115.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 345 shares during the last quarter. Northwest Financial Advisors purchased a new stake in Ally Financial during the 4th quarter valued at about $31,000. Quarry LP grew its stake in Ally Financial by 165.7% during the 4th quarter. Quarry LP now owns 959 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 598 shares during the last quarter. NBC Securities Inc. purchased a new stake in Ally Financial during the 3rd quarter valued at about $26,000. Finally, PCA Investment Advisory Services Inc. purchased a new stake in Ally Financial during the 2nd quarter valued at about $30,000. 88.76% of the stock is owned by institutional investors and hedge funds.

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.