Morgan Stanley Lowers Ally Financial (NYSE:ALLY) Price Target to $41.00

Ally Financial (NYSE:ALLY) had its price objective dropped by research analysts at Morgan Stanley from $45.00 to $41.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s target price indicates a potential upside of 18.05% from the stock’s current price.

ALLY has been the subject of a number of other research reports. Royal Bank of Canada decreased their price objective on shares of Ally Financial from $49.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, September 12th. Citigroup initiated coverage on shares of Ally Financial in a research note on Monday, June 24th. They set a “buy” rating and a $50.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Ally Financial from $51.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, July 1st. StockNews.com upgraded Ally Financial from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Barclays cut their price target on Ally Financial from $44.00 to $36.00 and set an “equal weight” rating for the company in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Ally Financial currently has a consensus rating of “Hold” and an average target price of $40.38.

Ally Financial Trading Up 0.2 %

Shares of Ally Financial stock opened at $34.73 on Monday. The stock has a market capitalization of $10.56 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. Ally Financial has a 52 week low of $22.54 and a 52 week high of $45.46. The stock has a 50 day moving average price of $37.38 and a two-hundred day moving average price of $39.07. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.91 and a current ratio of 0.92.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm posted $0.83 EPS. Ally Financial’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts anticipate that Ally Financial will post 2.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ally Financial

A number of institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC grew its stake in Ally Financial by 752.7% in the 3rd quarter. International Assets Investment Management LLC now owns 50,694 shares of the financial services provider’s stock worth $18,040,000 after buying an additional 44,749 shares in the last quarter. Oldfield Partners LLP increased its stake in Ally Financial by 3.7% in the third quarter. Oldfield Partners LLP now owns 30,600 shares of the financial services provider’s stock valued at $1,089,000 after acquiring an additional 1,100 shares during the last quarter. Barden Capital Management Inc. lifted its stake in Ally Financial by 4.3% during the third quarter. Barden Capital Management Inc. now owns 27,093 shares of the financial services provider’s stock worth $964,000 after purchasing an additional 1,124 shares during the last quarter. Penn Davis Mcfarland Inc. purchased a new position in shares of Ally Financial in the 3rd quarter worth about $2,700,000. Finally, Vest Financial LLC increased its position in shares of Ally Financial by 56.9% during the 3rd quarter. Vest Financial LLC now owns 43,449 shares of the financial services provider’s stock valued at $1,546,000 after purchasing an additional 15,765 shares during the last quarter. 88.76% of the stock is currently owned by institutional investors.

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.