Ally Financial (NYSE:ALLY) had its price objective hoisted by Credit Suisse Group from $32.00 to $34.00 in a research report issued on Wednesday. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Credit Suisse Group’s target price would suggest a potential upside of 14.21% from the stock’s previous close.
Several other brokerages also recently issued reports on ALLY. Oppenheimer set a $38.00 price target on shares of Ally Financial and gave the stock a “buy” rating in a research report on Tuesday. BMO Capital Markets downgraded shares of Ally Financial from an “outperform” rating to a “market perform” rating and set a $32.00 price target on the stock. in a research report on Wednesday. Wells Fargo & Co reiterated an “outperform” rating and set a $35.00 price target (up previously from $30.00) on shares of Ally Financial in a research report on Wednesday. Morgan Stanley upped their price target on shares of Ally Financial from $28.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. downgraded shares of Ally Financial from an “overweight” rating to a “neutral” rating in a research report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $32.56.
Shares of Ally Financial (NYSE ALLY) traded down $1.06 during midday trading on Wednesday, reaching $29.77. 10,726,345 shares of the company traded hands, compared to its average volume of 3,570,000. The firm has a market cap of $13,160.00, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 0.86 and a beta of 1.46. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 3.32. Ally Financial has a 1-year low of $18.11 and a 1-year high of $31.29.
A number of large investors have recently made changes to their positions in ALLY. Tiedemann Wealth Management LLC raised its holdings in Ally Financial by 70.4% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 20,169 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 8,332 shares during the last quarter. Toronto Dominion Bank raised its holdings in Ally Financial by 23.0% during the 2nd 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 during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Ally Financial in the 4th quarter valued at about $132,000. Acadian Asset Management LLC bought a new stake in shares of Ally Financial in the 4th quarter valued at about $178,000. Finally, Capital Management Associates NY bought a new stake in shares of Ally Financial in the 3rd quarter valued at about $203,000.
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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.
