Ally Financial (ALLY) PT Set at $33.00 by Oppenheimer

Share on StockTwits

Ally Financial (NYSE:ALLY) has been given a $33.00 price objective by equities research analysts at Oppenheimer in a research report issued to clients and investors on Wednesday, TipRanks reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Oppenheimer’s price objective points to a potential upside of 11.00% from the stock’s previous close.

Several other equities analysts have also recently weighed in on ALLY. Zacks Investment Research raised shares of Ally Financial from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Thursday, April 11th. Sandler O’Neill raised shares of Ally Financial from a “hold” rating to a “buy” rating and raised their price target for the stock from $29.00 to $33.00 in a research note on Tuesday, February 26th. They noted that the move was a valuation call. ValuEngine raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. BTIG Research raised their price target on shares of Ally Financial to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Finally, Barclays cut their price objective on Ally Financial from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, January 2nd. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Ally Financial has a consensus rating of “Buy” and a consensus target price of $32.33.

Shares of ALLY opened at $29.73 on Wednesday. The company has a market cap of $11.74 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 0.50 and a beta of 1.36. Ally Financial has a twelve month low of $20.60 and a twelve month high of $30.20. The company has a debt-to-equity ratio of 3.33, a current ratio of 1.15 and a quick ratio of 1.15.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Ally Financial had a net margin of 21.76% and a return on equity of 10.84%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the business earned $0.68 EPS. As a group, sell-side analysts expect that Ally Financial will post 3.6 EPS for the current fiscal year.

In other news, CEO Jeffrey Jonathan Brown sold 97,311 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $27.01, for a total value of $2,628,370.11. Following the completion of the sale, the chief executive officer now owns 632,569 shares of the company’s stock, valued at approximately $17,085,688.69. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael F. Steib acquired 2,000 shares of the business’s stock in a transaction dated Monday, February 11th. The stock was bought at an average cost of $26.47 per share, with a total value of $52,940.00. Following the acquisition, the director now owns 29,027 shares in the company, valued at approximately $768,344.69. The disclosure for this purchase can be found here. Corporate insiders own 0.35% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Ally Financial by 1.2% during the 4th quarter. BlackRock Inc. now owns 27,716,879 shares of the financial services provider’s stock valued at $628,066,000 after purchasing an additional 333,971 shares during the last quarter. Oaktree Capital Management LP lifted its holdings in Ally Financial by 34.6% during the 4th quarter. Oaktree Capital Management LP now owns 11,723,541 shares of the financial services provider’s stock valued at $265,655,000 after purchasing an additional 3,011,141 shares during the last quarter. Lakewood Capital Management LP lifted its holdings in Ally Financial by 20.3% during the 4th quarter. Lakewood Capital Management LP now owns 10,864,809 shares of the financial services provider’s stock valued at $246,197,000 after purchasing an additional 1,829,956 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Ally Financial by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,022,630 shares of the financial services provider’s stock valued at $159,132,000 after purchasing an additional 39,461 shares during the last quarter. Finally, Norges Bank acquired a new stake in Ally Financial during the 4th quarter valued at $109,098,000.

About Ally Financial

Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

Read More: Investing in Dividend Stocks

Analyst Recommendations for Ally Financial (NYSE:ALLY)

Receive News & Ratings for Ally Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ally Financial and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Hilton Hotels Co.  Shares Bought by Janney Montgomery Scott LLC
Hilton Hotels Co. Shares Bought by Janney Montgomery Scott LLC
Evimeria Trading Down 45.4% This Week
Evimeria Trading Down 45.4% This Week
MetLife Investment Advisors LLC Has $48.71 Million Holdings in Boeing Co
MetLife Investment Advisors LLC Has $48.71 Million Holdings in Boeing Co
Geode Capital Management LLC Grows Holdings in Allergan plc
Geode Capital Management LLC Grows Holdings in Allergan plc
Magnolia Oil & Gas  Coverage Initiated by Analysts at Wells Fargo & Co
Magnolia Oil & Gas Coverage Initiated by Analysts at Wells Fargo & Co
Superior Energy Services  Downgraded to Underweight at Barclays
Superior Energy Services Downgraded to Underweight at Barclays


© 2006-2019 Ticker Report