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Drexel Hamilton started coverage on shares of Ally Financial (NYSE:ALLY) in a research note issued on Wednesday, reports. The firm set a “buy” rating on the stock.

Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Ally Financial in a research note on Wednesday, July 16th. They now have a $30.00 price target on the stock. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $27.85.

Shares of Ally Financial (NYSE:ALLY) opened at 24.93 on Wednesday. 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 $11.961 billion.

Ally Financial (NYSE:ALLY) last released its earnings data on Tuesday, July 29th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.11. During the same quarter in the prior year, the company posted ($0.13) earnings per share. On average, analysts predict that Ally Financial will post $1.59 earnings per share for the current fiscal year.

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