Ally Financial (NYSE:ALLY) Price Target Raised to $43.00 at Evercore ISI

Ally Financial (NYSE:ALLY) had its price target hoisted by equities researchers at Evercore ISI from $41.00 to $43.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “in-line” rating on the financial services provider’s stock. Evercore ISI’s price target would indicate a potential upside of 6.57% from the company’s current price.

A number of other brokerages also recently weighed in on ALLY. Wolfe Research upgraded shares of Ally Financial from a “peer perform” rating to an “outperform” rating and set a $39.00 target price on the stock in a report on Thursday, November 30th. Wells Fargo & Company upped their price objective on shares of Ally Financial from $26.00 to $29.00 and gave the company an “underweight” rating in a report on Monday, January 22nd. Barclays upped their price objective on shares of Ally Financial from $32.00 to $43.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Raymond James downgraded shares of Ally Financial from a “market perform” rating to an “underperform” rating in a report on Friday, January 5th. Finally, Morgan Stanley upgraded shares of Ally Financial from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $37.00 to $47.00 in a report on Thursday, February 8th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.50.

Ally Financial Stock Up 1.4 %

ALLY traded up $0.54 during trading on Thursday, reaching $40.35. The company had a trading volume of 829,451 shares, compared to its average volume of 4,008,143. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.90 and a quick ratio of 0.90. Ally Financial has a 12 month low of $22.54 and a 12 month high of $41.56. The business’s fifty day moving average price is $36.98 and its 200 day moving average price is $31.65. The company has a market cap of $12.17 billion, a P/E ratio of 13.46 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Ally Financial had a net margin of 12.42% and a return on equity of 9.41%. The company had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the company earned $1.08 earnings per share. Equities analysts anticipate that Ally Financial will post 3.11 EPS for the current year.

Institutional Trading of Ally Financial

Several large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its position in shares of Ally Financial by 17.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 27,613 shares of the financial services provider’s stock worth $964,000 after buying an additional 4,021 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of Ally Financial by 6.9% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 86,150 shares of the financial services provider’s stock worth $3,008,000 after buying an additional 5,550 shares during the period. V Square Quantitative Management LLC grew its position in shares of Ally Financial by 46.7% during the 4th quarter. V Square Quantitative Management LLC now owns 3,498 shares of the financial services provider’s stock worth $122,000 after buying an additional 1,114 shares during the period. Quarry LP grew its position in Ally Financial by 165.7% in the 4th quarter. Quarry LP now owns 959 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 598 shares during the period. Finally, Hobbs Group Advisors LLC acquired a new stake in Ally Financial in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

About Ally Financial

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.