Ally Financial Coverage Initiated by Analysts at Credit Suisse (ALLY)
Analysts at Credit Suisse initiated coverage on shares of Ally Financial (NYSE:ALLY) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $27.00 price target on the stock. Credit Suisse’s target price suggests a potential upside of 10.43% from the company’s current price.
Ally Financial (NYSE:ALLY) traded down 0.45% during mid-day trading on Tuesday, hitting $24.34. 597,268 shares of the company’s stock traded hands. Ally Financial has a 52 week low of $23.76 and a 52 week high of $27.9032. The stock’s 50-day moving average is $26.92 and its 200-day moving average is $26.62. The company’s market cap is $11.678 billion.
Ally Financial (NYSE:ALLY) last announced its earnings results on Thursday, May 1st. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.09. On average, analysts predict that Ally Financial will post $1.69 earnings per share for the current fiscal year.
A number of other firms have also recently commented on ALLY. Analysts at Deutsche Bank initiated coverage on shares of Ally Financial in a research note on Tuesday. They set a “hold” rating and a $26.00 price target on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of Ally Financial in a research note on Tuesday. They set a “buy” rating and a $29.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Ally Financial in a research note on Tuesday. They set an “overweight” rating and a $30.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $27.92.
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