Ally Financial (NYSE:ALLY) Rating Increased to Neutral at JPMorgan Chase & Co.

Ally Financial (NYSE:ALLYGet Free Report) was upgraded by equities researchers at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued to investors on Monday, Briefing.com reports. The firm presently has a $45.00 price target on the financial services provider’s stock, up from their previous price target of $39.00. JPMorgan Chase & Co.‘s price target points to a potential upside of 12.95% from the stock’s previous close.

Several other analysts have also recently issued reports on ALLY. Compass Point increased their price objective on Ally Financial from $28.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. TD Cowen increased their price target on shares of Ally Financial from $42.00 to $43.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. BMO Capital Markets boosted their price target on Ally Financial from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Friday, April 19th. Wells Fargo & Company lifted their price objective on shares of Ally Financial from $29.00 to $33.00 and gave the company an “underweight” rating in a research report on Wednesday, April 10th. Finally, Bank of America raised shares of Ally Financial from a “neutral” rating to a “buy” rating and increased their price target for the stock from $42.00 to $46.00 in a report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Ally Financial has an average rating of “Hold” and an average price target of $41.53.

Read Our Latest Stock Analysis on Ally Financial

Ally Financial Trading Down 1.5 %

Shares of ALLY stock opened at $39.84 on Monday. The stock has a 50 day simple moving average of $39.36 and a 200-day simple moving average of $37.70. Ally Financial has a 1-year low of $22.54 and a 1-year high of $41.77. The company has a market cap of $12.11 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 0.48 and a beta of 1.41. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.92.

Ally Financial (NYSE:ALLYGet Free Report) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company posted $0.82 EPS. Ally Financial’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, equities research analysts expect that Ally Financial will post 3 EPS for the current fiscal year.

Hedge Funds Weigh In On Ally Financial

Several institutional investors and hedge funds have recently bought and sold shares of ALLY. Transcendent Capital Group LLC acquired a new stake in Ally Financial during the first quarter worth about $28,000. Northwest Financial Advisors purchased a new position in shares of Ally Financial in the fourth quarter valued at $31,000. Rise Advisors LLC purchased a new stake in Ally Financial during the 1st quarter worth $32,000. Quarry LP lifted its holdings in Ally Financial by 165.7% in the 4th quarter. Quarry LP now owns 959 shares of the financial services provider’s stock worth $33,000 after buying an additional 598 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC lifted its holdings in Ally Financial by 571.7% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 927 shares of the financial services provider’s stock worth $38,000 after buying an additional 789 shares in the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

About Ally Financial

(Get Free Report)

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.

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Analyst Recommendations for Ally Financial (NYSE:ALLY)

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