Ally Financial (NYSE:ALLY) had its price objective lifted by analysts at Morgan Stanley from $28.00 to $34.00 in a research note issued to investors on Wednesday. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price target indicates a potential upside of 14.21% from the company’s current price.
ALLY has been the topic of several other research reports. Wells Fargo & Co assumed coverage on Ally Financial in a research report on Friday, December 1st. They set an “outperform” rating and a $30.00 price objective on the stock. Oppenheimer set a $38.00 price objective on Ally Financial and gave the stock a “buy” rating in a research report on Tuesday. Sandler O’Neill reiterated a “hold” rating on shares of Ally Financial in a research report on Monday, January 22nd. Barclays increased their price objective on Ally Financial from $26.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of Ally Financial in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $32.56.
Ally Financial (ALLY) traded down $1.06 during mid-day trading on Wednesday, reaching $29.77. The company’s stock had a trading volume of 10,726,345 shares, compared to its average volume of 3,570,000. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.32. The company has a market cap of $13,160.00, a PE ratio of 13.85, a price-to-earnings-growth ratio of 0.86 and a beta of 1.46. Ally Financial has a 1 year low of $18.11 and a 1 year high of $31.29.
Several hedge funds and other institutional investors have recently modified their holdings of ALLY. Tiedemann Wealth Management LLC increased its position in shares of Ally Financial by 70.4% in the third 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 period. Toronto Dominion Bank increased its position in shares of Ally Financial by 23.0% in 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 during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Ally Financial in the fourth quarter worth $132,000. Acadian Asset Management LLC bought a new position in shares of Ally Financial in the fourth quarter worth $178,000. Finally, Capital Management Associates NY bought a new position in shares of Ally Financial in the third quarter worth $203,000.
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.
