Ally Financial (ALLY) Given a $38.00 Price Target at Oppenheimer

Ally Financial (NYSE:ALLY) has been given a $38.00 target price by equities research analysts at Oppenheimer in a research report issued on Tuesday. The firm presently has a “buy” rating on the financial services provider’s stock. Oppenheimer’s target price suggests a potential upside of 23.26% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Co initiated coverage on shares of Ally Financial in a research note on Friday, December 1st. They issued an “outperform” rating and a $30.00 price objective for the company. Sandler O’Neill reaffirmed a “hold” rating on shares of Ally Financial in a research note on Monday, January 22nd. Barclays lifted their price objective on shares of Ally Financial from $26.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Piper Jaffray Companies reiterated a “buy” rating on shares of Ally Financial in a report on Wednesday, October 4th. Finally, Credit Suisse Group lifted their target price on shares of Ally Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $31.06.

Ally Financial (NYSE ALLY) traded up $0.54 on Tuesday, hitting $30.83. The stock had a trading volume of 5,999,907 shares, compared to its average volume of 3,549,370. The company has a market capitalization of $13,630.00, a PE ratio of 14.34, a PEG ratio of 0.87 and a beta of 1.46. 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 $31.29.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.11. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $0.54 earnings per share. equities analysts forecast that Ally Financial will post 2.3 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd acquired a new position in Ally Financial in the fourth quarter valued at about $132,000. Toronto Dominion Bank lifted its position in shares of Ally Financial by 23.0% during the second quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 1,070 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Ally Financial during the fourth quarter worth approximately $178,000. Capital Management Associates NY acquired a new position in shares of Ally Financial during the third quarter worth approximately $203,000. Finally, Creative Planning acquired a new position in shares of Ally Financial during the fourth quarter worth approximately $247,000.

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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.