BMO Capital Markets Increases Ally Financial (NYSE:ALLY) Price Target to $37.00

Ally Financial (NYSE:ALLY) had its target price boosted by research analysts at BMO Capital Markets from $36.00 to $37.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. BMO Capital Markets’ price objective would indicate a potential downside of 5.25% from the company’s previous close.

A number of other research firms also recently commented on ALLY. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 target price on shares of Ally Financial in a report on Monday, January 22nd. Bank of America raised shares of Ally Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $42.00 to $46.00 in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft started coverage on shares of Ally Financial in a report on Wednesday, January 10th. They set a “buy” rating and a $47.00 target price on the stock. Raymond James lowered shares of Ally Financial from a “market perform” rating to an “underperform” rating in a report on Friday, January 5th. Finally, Compass Point increased their price objective on shares of Ally Financial from $28.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Ally Financial currently has a consensus rating of “Hold” and a consensus price target of $38.47.

Ally Financial Price Performance

ALLY opened at $39.05 on Friday. Ally Financial has a twelve month low of $22.54 and a twelve month high of $41.56. The firm has a market cap of $11.87 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 0.57 and a beta of 1.40. The company has a current ratio of 0.92, a quick ratio of 0.90 and a debt-to-equity ratio of 1.50. The company has a fifty day simple moving average of $37.71 and a 200 day simple moving average of $32.97.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. Ally Financial had a return on equity of 8.35% and a net margin of 10.59%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the business posted $0.82 earnings per share. Ally Financial’s revenue for the quarter was down 5.4% on a year-over-year basis. Equities research analysts expect that Ally Financial will post 2.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Kinneret Advisory LLC lifted its stake in Ally Financial by 2.3% during the first quarter. Kinneret Advisory LLC now owns 11,700 shares of the financial services provider’s stock valued at $509,000 after buying an additional 262 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Ally Financial by 2.6% in the 1st quarter. Blair William & Co. IL now owns 10,497 shares of the financial services provider’s stock valued at $456,000 after acquiring an additional 264 shares in the last quarter. Trust Co. of Toledo NA OH lifted its position in shares of Ally Financial by 1.7% in the 1st quarter. Trust Co. of Toledo NA OH now owns 17,622 shares of the financial services provider’s stock valued at $715,000 after acquiring an additional 287 shares in the last quarter. WBI Investments LLC grew its position in Ally Financial by 2.2% during the 4th quarter. WBI Investments LLC now owns 14,635 shares of the financial services provider’s stock worth $511,000 after purchasing an additional 316 shares in the last quarter. Finally, Signet Financial Management LLC raised its stake in Ally Financial by 4.8% during the 1st quarter. Signet Financial Management LLC now owns 7,273 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 330 shares during the period. Institutional investors own 88.76% of the company’s stock.

About Ally Financial

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.