Ally Financial (ALLY) Research Coverage Started at Wells Fargo & Company

Analysts at Wells Fargo & Company began coverage on shares of Ally Financial (NYSE:ALLY) in a research note issued on Friday, Marketbeat.com reports. The firm set an “outperform” rating and a $30.00 price target on the financial services provider’s stock. Wells Fargo & Company’s price objective suggests a potential upside of 10.09% from the company’s previous close.

Several other equities analysts have also commented on ALLY. Jefferies Group reaffirmed a “buy” rating and set a $28.00 target price on shares of Ally Financial in a report on Wednesday, August 23rd. BMO Capital Markets reaffirmed a “buy” rating and set a $26.00 target price on shares of Ally Financial in a report on Friday, August 25th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Ally Financial in a report on Friday, September 1st. ValuEngine raised shares of Ally Financial from a “buy” rating to a “strong-buy” rating in a report on Friday, September 22nd. Finally, Zacks Investment Research raised shares of Ally Financial from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Ally Financial currently has a consensus rating of “Buy” and a consensus target price of $27.27.

Ally Financial (NYSE ALLY) traded up $0.39 during mid-day trading on Friday, hitting $27.25. 4,299,590 shares of the company traded hands, compared to its average volume of 4,308,311. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.21 and a current ratio of 1.21. Ally Financial has a 52 week low of $18.11 and a 52 week high of $27.42. The company has a market cap of $11,722.35, a price-to-earnings ratio of 11.78, a P/E/G ratio of 2.33 and a beta of 1.46.

Ally Financial (NYSE:ALLY) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.08. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the firm earned $0.56 EPS. equities analysts predict that Ally Financial will post 2.27 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Wetherby Asset Management Inc. grew its holdings in Ally Financial by 0.5% in the 2nd quarter. Wetherby Asset Management Inc. now owns 12,247 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 56 shares during the last quarter. QS Investors LLC grew its holdings in Ally Financial by 0.7% in the 2nd quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock worth $229,000 after acquiring an additional 74 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Ally Financial by 0.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 28,029 shares of the financial services provider’s stock worth $586,000 after acquiring an additional 107 shares during the last quarter. Cadence Capital Management LLC grew its holdings in Ally Financial by 0.8% in the 2nd quarter. Cadence Capital Management LLC now owns 14,986 shares of the financial services provider’s stock worth $313,000 after acquiring an additional 126 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its holdings in Ally Financial by 0.5% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 86,776 shares of the financial services provider’s stock worth $1,814,000 after acquiring an additional 411 shares during the last quarter.

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About Ally Financial

Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.

Analyst Recommendations for Ally Financial (NYSE:ALLY)

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