Ally Financial Inc. (ALLY) Stock Rating Reaffirmed by Piper Jaffray Companies
Ally Financial Inc. (NYSE:ALLY)‘s stock had its “buy” rating restated by research analysts at Piper Jaffray Companies in a report issued on Wednesday.
Other analysts also recently issued reports about the stock. BidaskClub upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Stephens downgraded shares of Ally Financial from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $23.00 to $20.00 in a research report on Monday, July 17th. Sanford C. Bernstein restated an “outperform” rating and set a $31.00 price objective (up from $30.00) on shares of Ally Financial in a research report on Sunday, July 30th. Zacks Investment Research upgraded shares of Ally Financial from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Tuesday, September 26th. Finally, BMO Capital Markets restated a “buy” rating and set a $26.00 price objective on shares of Ally Financial in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $25.77.
Ally Financial (NYSE:ALLY) opened at 24.24 on Wednesday. The company has a market cap of $11.63 billion, a PE ratio of 12.35 and a beta of 1.44. The stock has a 50 day moving average of $22.90 and a 200 day moving average of $21.02. Ally Financial has a 12-month low of $16.68 and a 12-month high of $24.57.
Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.42 billion. Ally Financial had a net margin of 13.83% and a return on equity of 7.55%. During the same period last year, the firm earned $0.54 EPS. Equities analysts expect that Ally Financial will post $2.27 earnings per share for the current year.
Ally Financial announced that its Board of Directors has initiated a share repurchase plan on Wednesday, June 28th that authorizes the company to repurchase $760.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase up to 7.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
WARNING: “Ally Financial Inc. (ALLY) Stock Rating Reaffirmed by Piper Jaffray Companies” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/06/ally-financial-inc-ally-stock-rating-reaffirmed-by-piper-jaffray-companies.html.
Several institutional investors have recently bought and sold shares of ALLY. Toronto Dominion Bank increased its holdings in shares of Ally Financial by 23.0% in the 2nd 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. Tower Research Capital LLC TRC increased its holdings in shares of Ally Financial by 668.0% in the 1st 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. Capstone Asset Management Co. bought a new stake in shares of Ally Financial in the 2nd quarter worth about $208,000. Achmea Investment Management B.V. bought a new stake in shares of Ally Financial in the 1st quarter worth about $210,000. Finally, Twin Tree Management LP bought a new stake in shares of Ally Financial in the 2nd quarter worth about $215,000.
About Ally Financial
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.
Receive News & Stock Ratings for Ally Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ally Financial Inc. and related stocks with our FREE daily email newsletter.