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

Ally Financial (NYSE:ALLY - Get Free Report) had its target price boosted by investment analysts at Barclays from $36.00 to $44.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the financial services provider's stock. Barclays's price objective would indicate a potential upside of 21.61% from the company's previous close.

ALLY has been the topic of a number of other research reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $40.00 price objective on shares of Ally Financial in a report on Monday, October 21st. JPMorgan Chase & Co. increased their price target on shares of Ally Financial from $40.00 to $42.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Keefe, Bruyette & Woods raised their price objective on shares of Ally Financial from $44.00 to $56.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Wolfe Research lowered shares of Ally Financial from an "outperform" rating to a "peer perform" rating in a research report on Thursday, December 5th. Finally, TD Cowen reduced their price target on shares of Ally Financial from $45.00 to $37.00 and set a "hold" rating for the company in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Ally Financial presently has a consensus rating of "Hold" and a consensus price target of $42.71.

Ally Financial Stock Performance

Ally Financial stock traded up $0.33 during trading hours on Monday, reaching $36.18. 2,799,454 shares of the stock were exchanged, compared to its average volume of 2,453,116. Ally Financial has a 52-week low of $31.77 and a 52-week high of $45.46. The stock has a market cap of $11.02 billion, a P/E ratio of 14.47, a P/E/G ratio of 0.46 and a beta of 1.44. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92. The firm's 50 day moving average is $36.84 and its 200 day moving average is $38.24.

Ally Financial (NYSE:ALLY - Get Free Report) last announced its quarterly earnings data 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 net margin of 10.84% and a return on equity of 8.39%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The firm's revenue was up 6.9% compared to the same quarter last year. Analysts predict that Ally Financial will post 3 EPS for the current fiscal year.

Institutional Trading of Ally Financial

Hedge funds have recently bought and sold shares of the company. CIBC Asset Management Inc lifted its stake in shares of Ally Financial by 1.9% during the 3rd quarter. CIBC Asset Management Inc now owns 15,638 shares of the financial services provider's stock worth $557,000 after purchasing an additional 293 shares during the period. Maverick Capital Ltd. lifted its position in Ally Financial by 1.2% during the third quarter. Maverick Capital Ltd. now owns 26,120 shares of the financial services provider's stock worth $930,000 after buying an additional 299 shares during the period. Blue Trust Inc. boosted its stake in Ally Financial by 8.2% in the 3rd quarter. Blue Trust Inc. now owns 4,660 shares of the financial services provider's stock worth $166,000 after buying an additional 352 shares during the last quarter. Allworth Financial LP grew its holdings in Ally Financial by 41.9% in the 3rd quarter. Allworth Financial LP now owns 1,426 shares of the financial services provider's stock valued at $51,000 after buying an additional 421 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of Ally Financial by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 75,147 shares of the financial services provider's stock valued at $2,981,000 after acquiring an additional 480 shares during the last quarter. Institutional investors and hedge funds 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.