Ally Financial Receives New Coverage from Analysts at Evercore Partners (ALLY)
Analysts at Evercore Partners started 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 an “equal weight” rating and a $26.00 price target on the stock. Evercore Partners’ target price points to a potential upside of 6.34% from the company’s current price.
A number of other analysts have also recently weighed in on ALLY. Analysts at Credit Suisse initiated coverage on shares of Ally Financial in a research note on Tuesday. They set a “neutral” rating and a $27.00 price target on the stock. Separately, 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. Finally, 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. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Ally Financial has an average rating of “Buy” and an average target price of $27.92.
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 one year low of $23.76 and a one year high of $27.9032. The stock has a 50-day moving average of $26.92 and a 200-day moving average of $26.62. The company’s market cap is $11.678 billion.
Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.09. Analysts expect that Ally Financial will post $1.69 EPS for the current fiscal year.
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