Ally Financial (ALLY) PT Set at $27.00 by Stephens
Ally Financial (NYSE:ALLY) has been given a $27.00 price objective by Stephens in a note issued to investors on Wednesday. The firm currently has a “sell” rating on the financial services provider’s stock. Stephens’ target price points to a potential downside of 7.82% from the stock’s previous close.
A number of other research analysts also recently weighed in on ALLY. Zacks Investment Research raised Ally Financial from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Tuesday. Barclays increased their target price on Ally Financial from $26.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday. BidaskClub raised Ally Financial from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. ValuEngine raised Ally Financial from a “buy” rating to a “strong-buy” rating in a report on Friday, September 22nd. Finally, Morgan Stanley increased their target price on Ally Financial from $24.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $30.00.
Ally Financial (ALLY) traded down $0.14 during mid-day trading on Wednesday, reaching $29.29. The company’s stock had a trading volume of 3,697,912 shares, compared to its average volume of 2,834,400. Ally Financial has a 52 week low of $18.11 and a 52 week high of $29.52. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $12,950.00, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 1.12 and a beta of 1.46.
Several hedge funds and other institutional investors have recently bought and sold shares of ALLY. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Ally Financial by 262.5% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 5,275,900 shares of the financial services provider’s stock worth $110,266,000 after buying an additional 3,820,400 shares during the period. Thrivent Financial For Lutherans bought a new position in shares of Ally Financial in the second quarter worth about $54,346,000. FMR LLC raised its stake in shares of Ally Financial by 72.4% in the second quarter. FMR LLC now owns 5,860,209 shares of the financial services provider’s stock worth $122,479,000 after buying an additional 2,461,343 shares during the period. State Treasurer State of Michigan raised its stake in shares of Ally Financial by 163.0% in the third quarter. State Treasurer State of Michigan now owns 3,762,933 shares of the financial services provider’s stock worth $91,289,000 after buying an additional 2,331,967 shares during the period. Finally, King Street Capital Management L.P. raised its stake in shares of Ally Financial by 40.5% in the third quarter. King Street Capital Management L.P. now owns 6,933,000 shares of the financial services provider’s stock worth $168,195,000 after buying an additional 2,000,000 shares during the period.
COPYRIGHT VIOLATION WARNING: This report was originally published by American Banking News and is the property of of American Banking News. If you are reading this report on another site, it was illegally copied and republished in violation of international copyright and trademark legislation. The correct version of this report can be read at https://www.americanbankingnews.com/2018/01/03/ally-financial-ally-stock-rating-reaffirmed-by-stephens.html.
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.
Receive News & Ratings for Ally Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ally Financial and related companies with MarketBeat.com's FREE daily email newsletter.