Investment analysts at Oppenheimer assumed coverage on shares of Ally Financial (NYSE:ALLY) in a research note issued to investors on Monday. The brokerage set a “buy” rating and a $38.00 price target on the financial services provider’s stock. Oppenheimer’s price objective indicates a potential upside of 25.74% from the stock’s current price.
ALLY has been the subject of a number of other reports. Barclays raised their price target on Ally Financial from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. BMO Capital Markets restated a “buy” rating and issued a $26.00 price target on shares of Ally Financial in a research report on Friday, October 6th. Credit Suisse Group restated a “buy” rating and issued a $28.00 price target on shares of Ally Financial in a research report on Wednesday, October 4th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $35.00 price target on shares of Ally Financial in a research report on Friday, December 22nd. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $32.00 price target on shares of Ally Financial in a research report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Ally Financial has an average rating of “Buy” and an average price target of $30.47.
Shares of Ally Financial (NYSE:ALLY) traded up $0.50 on Monday, reaching $30.22. The company had a trading volume of 5,312,800 shares, compared to its average volume of 3,540,600. The company has a market capitalization of $13,160.00, a P/E ratio of 14.06, a PEG ratio of 1.16 and a beta of 1.46. Ally Financial has a 12 month low of $18.11 and a 12 month high of $30.24. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.21 and a current ratio of 1.21.
Several large investors have recently added to or reduced their stakes in the company. Global X Management Co. LLC increased its stake in shares of Ally Financial by 89.2% during the third quarter. Global X Management Co. LLC now owns 5,121 shares of the financial services provider’s stock valued at $100,000 after buying an additional 2,414 shares during the period. Toronto Dominion Bank increased its stake 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 valued at $119,000 after buying an additional 1,070 shares during the period. FTB Advisors Inc. increased its stake in shares of Ally Financial by 35.8% during the first quarter. FTB Advisors Inc. now owns 5,773 shares of the financial services provider’s stock valued at $114,000 after buying an additional 1,523 shares during the period. Commonwealth Bank of Australia increased its stake in shares of Ally Financial by 85.8% during the third quarter. Commonwealth Bank of Australia now owns 6,010 shares of the financial services provider’s stock valued at $117,000 after buying an additional 2,775 shares during the period. Finally, Creative Planning increased its stake in shares of Ally Financial by 385.0% during the first quarter. Creative Planning now owns 6,299 shares of the financial services provider’s stock valued at $128,000 after buying an additional 8,509 shares during the period.
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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.
