Ally Financial Inc (NYSE:ALLY) has been assigned an average rating of “Buy” from the twenty-four research firms that are covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $32.67.

ALLY has been the topic of a number of research analyst reports. Instinet initiated coverage on shares of Ally Financial in a research note on Tuesday, June 19th. They issued a “neutral” rating and a $28.00 target price on the stock. Stephens reiterated a “hold” rating and issued a $32.00 target price on shares of Ally Financial in a research note on Friday, July 27th. Nomura initiated coverage on shares of Ally Financial in a research note on Tuesday, June 19th. They issued a “neutral” rating and a $28.00 target price on the stock. Zacks Investment Research upgraded shares of Ally Financial from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Tuesday, July 17th. Finally, Bank of America upgraded shares of Ally Financial from a “neutral” rating to a “buy” rating and boosted their target price for the company from $33.00 to $35.00 in a research note on Monday, July 30th.

ALLY traded up $0.57 during midday trading on Friday, reaching $27.12. The company had a trading volume of 3,663,631 shares, compared to its average volume of 2,396,578. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.60. The stock has a market cap of $11.20 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 0.68 and a beta of 1.34. Ally Financial has a 12-month low of $22.21 and a 12-month high of $31.29.

Ally Financial (NYSE:ALLY) last released its earnings results on Thursday, July 26th. The financial services provider reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.12. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Ally Financial had a net margin of 15.62% and a return on equity of 9.45%. During the same period in the previous year, the company earned $0.55 earnings per share. sell-side analysts anticipate that Ally Financial will post 3.09 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in ALLY. BlackRock Inc. lifted its stake in shares of Ally Financial by 8.8% during the 2nd quarter. BlackRock Inc. now owns 26,537,339 shares of the financial services provider’s stock valued at $697,136,000 after buying an additional 2,148,484 shares in the last quarter. Unigestion Holding SA purchased a new stake in shares of Ally Financial during the 2nd quarter valued at approximately $32,286,000. LSV Asset Management lifted its stake in shares of Ally Financial by 32.6% during the 2nd quarter. LSV Asset Management now owns 4,152,079 shares of the financial services provider’s stock valued at $109,075,000 after buying an additional 1,021,238 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Ally Financial by 86.2% during the 2nd quarter. Janus Henderson Group PLC now owns 2,163,208 shares of the financial services provider’s stock valued at $56,827,000 after buying an additional 1,001,501 shares in the last quarter. Finally, Platinum Investment Management Ltd. lifted its stake in shares of Ally Financial by 26.5% during the 1st quarter. Platinum Investment Management Ltd. now owns 3,977,100 shares of the financial services provider’s stock valued at $107,978,000 after buying an additional 834,200 shares in the last quarter. Institutional investors own 98.97% of the company’s stock.

About Ally Financial

Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates 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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