Ally Financial (NYSE:ALLY)‘s stock had its “buy” rating reaffirmed by investment analysts at Piper Jaffray Companies in a report released on Thursday. They presently have a $32.00 target price on the financial services provider’s stock. Piper Jaffray Companies’ price objective suggests a potential upside of 14.74% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $26.00 price target on shares of Ally Financial in a research note on Friday, August 25th. Morgan Stanley reaffirmed an “equal weight” rating and set a $28.00 price objective (up from $26.00) on shares of Ally Financial in a research report on Thursday, November 30th. Credit Suisse Group reiterated a “buy” rating and issued a $28.00 target price on shares of Ally Financial in a research note on Wednesday, October 4th. Zacks Investment Research upgraded shares of Ally Financial from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Tuesday, September 26th. Finally, Goldman Sachs Group initiated coverage on shares of Ally Financial in a research note on Monday. They issued a “buy” rating and a $32.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given 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 price target of $28.00.

Ally Financial (ALLY) opened at $27.89 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.32. Ally Financial has a 12 month low of $18.11 and a 12 month high of $28.24. The firm has a market cap of $12,359.10, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 2.46 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 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the company posted $0.56 EPS. sell-side analysts predict that Ally Financial will post 2.27 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in ALLY. Global X Management Co. LLC raised its holdings in shares of Ally Financial by 89.2% in the 3rd quarter. Global X Management Co. LLC now owns 5,121 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 2,414 shares in the last quarter. Toronto Dominion Bank grew its position in shares of Ally Financial by 23.0% in the 2nd quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock worth $119,000 after buying an additional 1,070 shares during the last quarter. FTB Advisors Inc. grew its position in shares of Ally Financial by 35.8% in the 1st quarter. FTB Advisors Inc. now owns 5,773 shares of the financial services provider’s stock worth $114,000 after buying an additional 1,523 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in shares of Ally Financial by 85.8% in the 3rd quarter. Commonwealth Bank of Australia now owns 6,010 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 2,775 shares during the period. Finally, Creative Planning lifted its stake in shares of Ally Financial by 385.0% in the 1st quarter. Creative Planning now owns 6,299 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 8,509 shares during the period.

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Ally Financial Company Profile

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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