Ally Financial Inc. (NYSE:ALLY)‘s stock had its “buy” rating reissued by research analysts at BMO Capital Markets in a note issued to investors on Friday. They presently have a $26.00 target price on the financial services provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 15.20% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Stephens lowered Ally Financial from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $23.00 to $20.00 in a report on Monday, July 17th. Sanford C. Bernstein reissued an “outperform” rating and set a $31.00 price objective (up from $30.00) on shares of Ally Financial in a report on Sunday, July 30th. Piper Jaffray Companies reissued a “buy” rating on shares of Ally Financial in a report on Friday, July 28th. BidaskClub raised Ally Financial from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $24.00 price objective on shares of Ally Financial in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. Ally Financial presently has a consensus rating of “Buy” and an average price target of $25.23.

Shares of Ally Financial (NYSE ALLY) traded up 1.1369% during midday trading on Friday, hitting $22.8266. The company had a trading volume of 992,918 shares. Ally Financial has a 12-month low of $16.68 and a 12-month high of $23.62. The firm has a market capitalization of $10.95 billion, a P/E ratio of 11.6344 and a beta of 1.42. The firm’s 50-day moving average is $22.02 and its 200-day moving average is $20.91.

Ally Financial (NYSE:ALLY) last released its earnings results on Thursday, July 27th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. Ally Financial had a return on equity of 7.55% and a net margin of 13.83%. During the same period in the prior year, the company posted $0.54 earnings per share. On average, analysts predict that Ally Financial will post $2.27 earnings per share for the current fiscal year.

Ally Financial declared that its board has approved a share buyback program on Wednesday, June 28th that authorizes the company to repurchase $760.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 7.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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Several institutional investors have recently bought and sold shares of the company. FTB Advisors Inc. raised its position in Ally Financial by 35.8% in the first quarter. FTB Advisors Inc. now owns 5,773 shares of the financial services provider’s stock worth $114,000 after buying an additional 1,523 shares during the last quarter. Toronto Dominion Bank raised its position in 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 buying an additional 1,070 shares during the last quarter. Creative Planning raised its position in Ally Financial by 385.0% in the first quarter. Creative Planning now owns 6,299 shares of the financial services provider’s stock worth $128,000 after buying an additional 8,509 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Ally Financial by 668.0% in the first quarter. Tower Research Capital LLC TRC now owns 6,950 shares of the financial services provider’s stock worth $141,000 after buying an additional 6,045 shares during the last quarter. Finally, First Mercantile Trust Co. raised its position in Ally Financial by 27.3% in the first quarter. First Mercantile Trust Co. now owns 9,800 shares of the financial services provider’s stock worth $199,000 after buying an additional 2,100 shares during the last quarter.

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.

Analyst Recommendations for Ally Financial (NYSE:ALLY)

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