Ally Financial (NYSE:ALLY) Given New $36.00 Price Target at Barclays

Ally Financial (NYSE:ALLY - Get Free Report) had its price objective cut by analysts at Barclays from $44.00 to $36.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an "equal weight" rating on the financial services provider's stock. Barclays's target price would indicate a potential upside of 9.59% from the stock's current price.

A number of other research analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Ally Financial from $51.00 to $50.00 and set a "buy" rating for the company in a research note on Monday, July 1st. Morgan Stanley cut their price target on shares of Ally Financial from $49.00 to $45.00 and set an "overweight" rating for the company in a research note on Wednesday. Keefe, Bruyette & Woods raised their price target on shares of Ally Financial from $45.00 to $48.00 and gave the stock an "outperform" rating in a research note on Monday, July 8th. 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. Finally, Evercore ISI raised their price objective on shares of Ally Financial from $43.00 to $45.00 and gave the stock an "in-line" rating in a report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Ally Financial currently has a consensus rating of "Hold" and a consensus target price of $41.65.

Ally Financial Stock Performance

Shares of NYSE ALLY traded down $0.02 during mid-day trading on Thursday, hitting $32.85. The company had a trading volume of 5,787,305 shares, compared to its average volume of 3,419,480. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.92 and a quick ratio of 0.91. The business's 50-day simple moving average is $41.58 and its 200-day simple moving average is $39.77. Ally Financial has a 12 month low of $22.54 and a 12 month high of $45.46. The firm has a market cap of $9.99 billion, a P/E ratio of 13.48, a PEG ratio of 0.38 and a beta of 1.41.

Ally Financial (NYSE:ALLY - Get Free Report) last released its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.33. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The business had revenue of $2 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter last year, the company earned $0.96 earnings per share. The firm's revenue was down 3.8% on a year-over-year basis. As a group, analysts predict that Ally Financial will post 3.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ally Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of ALLY. Victory Capital Management Inc. boosted its stake in Ally Financial by 17.1% in the fourth quarter. Victory Capital Management Inc. now owns 91,263 shares of the financial services provider's stock valued at $3,187,000 after acquiring an additional 13,352 shares during the last quarter. Natixis Advisors L.P. bought a new position in shares of Ally Financial during the fourth quarter worth $955,000. BNP Paribas Financial Markets boosted its position in shares of Ally Financial by 133.6% during the fourth quarter. BNP Paribas Financial Markets now owns 95,397 shares of the financial services provider's stock worth $3,331,000 after purchasing an additional 54,562 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Ally Financial by 10.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 17,835 shares of the financial services provider's stock worth $623,000 after purchasing an additional 1,749 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Ally Financial by 53.7% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 51,697 shares of the financial services provider's stock worth $1,805,000 after purchasing an additional 18,057 shares in the last quarter. 88.76% of the stock is 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.