Barclays Forecasts Strong Price Appreciation for Ally Financial (NYSE:ALLY) Stock

Ally Financial (NYSE:ALLY) had its price objective increased by equities research analysts at Barclays from $36.00 to $44.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s target price suggests a potential upside of 22.94% from the company’s current price.

ALLY has been the subject of a number of other reports. Wolfe Research lowered Ally Financial from an “outperform” rating to a “peer perform” rating in a research report on Thursday, December 5th. Bank of America lowered their target price on Ally Financial from $46.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Raymond James raised shares of Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. StockNews.com upgraded shares of Ally Financial from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. Finally, BTIG Research cut shares of Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.67.

Ally Financial Trading Down 1.2 %

Shares of Ally Financial stock opened at $35.79 on Monday. The firm has a market capitalization of $10.91 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 0.46 and a beta of 1.44. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The firm’s 50 day moving average is $36.86 and its 200 day moving average is $38.21. Ally Financial has a 1 year low of $31.77 and a 1 year high of $45.46.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.38. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.83 earnings per share. Equities research analysts forecast that Ally Financial will post 3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Everence Capital Management Inc. bought a new stake in shares of Ally Financial in the 4th quarter worth approximately $297,000. Franklin Resources Inc. raised its position in Ally Financial by 184.7% in the 3rd quarter. Franklin Resources Inc. now owns 532,090 shares of the financial services provider’s stock worth $19,044,000 after purchasing an additional 345,210 shares during the period. Tidal Investments LLC boosted its position in Ally Financial by 5.8% during the third quarter. Tidal Investments LLC now owns 25,999 shares of the financial services provider’s stock valued at $925,000 after buying an additional 1,416 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of Ally Financial by 26.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 22,516 shares of the financial services provider’s stock valued at $852,000 after acquiring an additional 4,663 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Ally Financial during the 3rd quarter valued at about $450,000. 88.76% of the stock is currently owned by hedge funds and other institutional investors.

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.