Ally Financial (NYSE:ALLY) Given New $37.00 Price Target at Compass Point

Ally Financial (NYSE:ALLY) had its price target raised by analysts at Compass Point from $28.00 to $37.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Compass Point’s target price indicates a potential downside of 0.59% from the stock’s current price.

A number of other equities analysts also recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Ally Financial from $29.00 to $33.00 and gave the stock an “underweight” rating in a report on Wednesday. Evercore ISI boosted their price target on shares of Ally Financial from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 price objective on shares of Ally Financial in a research note on Monday, January 22nd. Raymond James downgraded Ally Financial from a “market perform” rating to an “underperform” rating in a research note on Friday, January 5th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Ally Financial in a research report on Thursday, February 1st. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $37.59.

Ally Financial Trading Down 2.1 %

ALLY opened at $37.22 on Thursday. The firm has a market capitalization of $11.31 billion, a PE ratio of 12.45, a P/E/G ratio of 0.55 and a beta of 1.40. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.90 and a quick ratio of 0.90. Ally Financial has a fifty-two week low of $22.54 and a fifty-two week high of $41.56. The company’s 50-day moving average is $37.57 and its 200 day moving average is $32.53.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The firm had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.99 billion. Ally Financial had a return on equity of 9.41% and a net margin of 12.42%. During the same period in the prior year, the business posted $1.08 earnings per share. As a group, research analysts predict that Ally Financial will post 2.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ally Financial

Several institutional investors have recently added to or reduced their stakes in ALLY. Kinneret Advisory LLC raised its position in shares of Ally Financial by 2.3% in the first quarter. Kinneret Advisory LLC now owns 11,700 shares of the financial services provider’s stock valued at $509,000 after purchasing an additional 262 shares during the period. Blair William & Co. IL grew its stake in 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 buying an additional 264 shares in the last quarter. Trust Co. of Toledo NA OH raised its holdings in Ally Financial by 1.7% during 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 during the period. WBI Investments LLC lifted its position in shares of Ally Financial by 2.2% during the fourth quarter. WBI Investments LLC now owns 14,635 shares of the financial services provider’s stock worth $511,000 after acquiring an additional 316 shares in the last quarter. Finally, Salem Investment Counselors Inc. boosted its holdings in shares of Ally Financial by 115.0% in the first quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 345 shares during the period. 88.76% of the stock is owned by hedge funds and other institutional investors.

Ally Financial Company Profile

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.