Ally Financial (ALLY) Coverage Initiated by Analysts at Oppenheimer
Investment analysts at Oppenheimer started coverage on shares of Ally Financial (NYSE:ALLY) in a report issued on Monday. The firm set a “buy” rating and a $38.00 price target on the financial services provider’s stock. Oppenheimer’s price objective would suggest a potential upside of 25.08% from the company’s current price.
ALLY has been the subject of a number of other research reports. Barclays raised their price objective on Ally Financial from $26.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Tuesday, January 2nd. BidaskClub upgraded Ally Financial from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Stephens set a $27.00 price objective on Ally Financial and gave the company a “sell” rating in a research note on Wednesday, January 3rd. Finally, ValuEngine upgraded Ally Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $30.47.
Shares of Ally Financial (NYSE:ALLY) opened at $30.38 on Monday. The company has a market capitalization of $13,460.00, a PE ratio of 14.13, a P/E/G ratio of 1.16 and a beta of 1.46. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 3.32. Ally Financial has a twelve month low of $18.11 and a twelve month high of $30.45.
Several institutional investors and hedge funds have recently modified their holdings of ALLY. Tiedemann Wealth Management LLC grew its position in shares of Ally Financial by 70.4% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 20,169 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 8,332 shares in the last quarter. Toronto Dominion Bank grew its position 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 acquiring an additional 1,070 shares in the last quarter. Capital Management Associates NY acquired a new position in shares of Ally Financial in the 3rd quarter worth approximately $203,000. Tower Research Capital LLC TRC boosted its position in Ally Financial by 50.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,455 shares of the financial services provider’s stock valued at $219,000 after purchasing an additional 3,505 shares during the period. Finally, QS Investors LLC boosted its position in Ally Financial by 0.7% during the 2nd quarter. QS Investors LLC now owns 10,946 shares of the financial services provider’s stock valued at $229,000 after purchasing an additional 74 shares during the period.
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.
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