Ally Financial (NYSE:ALLY) Price Target Raised to $44.00 at Barclays

Ally Financial (NYSE:ALLY) had its target price increased by investment analysts at Barclays from $43.00 to $44.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s target price suggests a potential upside of 1.38% from the company’s current price.

Several other equities analysts have also recently commented on the stock. BMO Capital Markets upped their target price on shares of Ally Financial from $36.00 to $37.00 and gave the company a “market perform” rating in a research note on Friday, April 19th. TD Cowen upped their target price on shares of Ally Financial from $42.00 to $43.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Ally Financial from $51.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, July 1st. Bank of America raised shares of Ally Financial from a “neutral” rating to a “buy” rating and boosted their price target for the company from $42.00 to $46.00 in a report on Tuesday, April 9th. Finally, Evercore ISI boosted their price target on shares of Ally Financial from $43.00 to $45.00 and gave the company an “in-line” rating in a report on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $42.44.

Ally Financial Stock Performance

NYSE:ALLY traded down $0.03 during trading hours on Thursday, hitting $43.40. 1,367,739 shares of the company traded hands, compared to its average volume of 3,391,907. The stock has a market capitalization of $13.19 billion, a price-to-earnings ratio of 17.77, a P/E/G ratio of 0.52 and a beta of 1.41. Ally Financial has a twelve month low of $22.54 and a twelve month high of $44.50. The firm has a 50-day moving average of $39.89 and a 200 day moving average of $38.11. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.50.

Ally Financial (NYSE:ALLY) last released its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.64 by $0.33. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 EPS. On average, analysts forecast that Ally Financial will post 2.98 EPS for the current year.

Institutional Investors Weigh In On Ally Financial

A number of hedge funds have recently added to or reduced their stakes in ALLY. Boston Partners bought a new stake in Ally Financial during the 1st quarter worth about $152,079,000. Scout Investments Inc. bought a new stake in Ally Financial during the 4th quarter worth about $63,080,000. Norges Bank bought a new stake in Ally Financial during the 4th quarter worth about $62,869,000. Jennison Associates LLC bought a new stake in Ally Financial during the 1st quarter worth about $52,252,000. Finally, Delta Global Management LP grew its holdings in Ally Financial by 3,262.3% during the 1st quarter. Delta Global Management LP now owns 1,035,994 shares of the financial services provider’s stock worth $42,051,000 after acquiring an additional 1,005,182 shares during the last quarter. 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.