Ally Financial (NYSE:ALLY – Get Rating) had its target price lowered by Piper Sandler from $34.00 to $31.00 in a report released on Monday, The Fly reports. The firm presently has an "underweight" rating on the financial services provider's stock. Piper Sandler's target price indicates a potential upside of 10.32% from the company's previous close.
Other research analysts have also recently issued reports about the stock. Compass Point lowered their price target on shares of Ally Financial to $54.00 in a research report on Monday, July 4th. Jefferies Financial Group reissued a "buy" rating and set a $50.00 price target on shares of Ally Financial in a research report on Wednesday, July 13th. Morgan Stanley lowered their price target on shares of Ally Financial from $44.00 to $41.00 and set an "overweight" rating for the company in a research report on Wednesday, July 20th. Raymond James decreased their target price on shares of Ally Financial from $50.00 to $43.00 and set an "outperform" rating for the company in a report on Thursday, July 7th. Finally, Credit Suisse Group decreased their target price on shares of Ally Financial to $55.00 in a report on Friday, July 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $48.64.
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Ally Financial Trading Down 1.4 %
Shares of ALLY opened at $28.10 on Monday. The firm's 50-day moving average price is $33.25 and its 200-day moving average price is $37.49. The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of 4.05, a PEG ratio of 0.13 and a beta of 1.31. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 1.46. Ally Financial has a 1-year low of $28.00 and a 1-year high of $56.28.
Ally Financial (NYSE:ALLY – Get Rating) last issued its quarterly earnings results on Tuesday, July 19th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.90 by ($0.14). Ally Financial had a net
margin of 29.79% and a return on equity of 20.99%. The business had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $2.19 billion. During the same period last year, the business earned $2.33 earnings per share. Sell-side analysts anticipate that Ally Financial will post 7.16 EPS for the current year.
Institutional Trading of Ally Financial
A number of large investors have recently made changes to their positions in ALLY. Syverson Strege & Co bought a new stake in shares of Ally Financial in the second quarter worth approximately $26,000. Salem Investment Counselors Inc. grew its position in Ally Financial by 115.0% during the first quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider's stock valued at $28,000 after buying an additional 345 shares during the period. Tobam bought a new stake in Ally Financial during the second quarter valued at approximately $32,000. Truvestments Capital LLC bought a new stake in Ally Financial during the second quarter valued at approximately $33,000. Finally, Atticus Wealth Management LLC bought a new stake in Ally Financial during the second quarter valued at approximately $39,000. 91.57% of the stock is currently owned by institutional investors.
About Ally Financial
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Ally Financial Inc, a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations.
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