StockNews.com Downgrades Ally Financial (NYSE:ALLY) to Sell

Ally Financial (NYSE:ALLY) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

ALLY has been the subject of a number of other reports. Barclays raised their target price on Ally Financial from $32.00 to $43.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. BMO Capital Markets lifted their price objective on Ally Financial from $36.00 to $37.00 and gave the company a “market perform” rating in a research note on Tuesday, January 23rd. TheStreet raised shares of Ally Financial from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 price target on shares of Ally Financial in a research note on Monday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ally Financial in a report on Wednesday, January 10th. They issued a “buy” rating and a $47.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.00.

Ally Financial Stock Performance

Shares of ALLY stock opened at $39.78 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. Ally Financial has a 12-month low of $22.54 and a 12-month high of $41.56. The business’s 50 day moving average is $36.98 and its two-hundred day moving average is $31.65. The company has a market capitalization of $12.00 billion, a P/E ratio of 13.30 and a beta of 1.40.

Ally Financial (NYSE:ALLY) last announced its earnings results 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. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $1.99 billion. Ally Financial had a return on equity of 9.41% and a net margin of 12.42%. During the same quarter last year, the firm posted $1.08 EPS. Analysts expect that Ally Financial will post 3.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Ally Financial

Large investors have recently bought and sold shares of the company. Roundview Capital LLC acquired a new stake in Ally Financial in the first quarter valued at about $242,000. Cetera Advisor Networks LLC acquired a new stake in shares of Ally Financial in the 1st quarter valued at approximately $214,000. D.A. Davidson & CO. purchased a new stake in shares of Ally Financial in the first quarter valued at approximately $261,000. MetLife Investment Management LLC acquired a new position in Ally Financial during the first quarter worth $294,000. Finally, Rhumbline Advisers raised its position in Ally Financial by 1.4% in the first quarter. Rhumbline Advisers now owns 291,312 shares of the financial services provider’s stock worth $12,666,000 after acquiring an additional 4,099 shares in the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Ally Financial Company Profile

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.