Ally Financial (ALLY) Lowered to “Neutral” at JPMorgan Chase & Co.
Ally Financial (NYSE:ALLY) was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report issued on Friday, Marketbeat reports.
A number of other equities analysts have also weighed in on the stock. Jefferies Group reiterated a “buy” rating and issued a $35.00 price target on shares of Ally Financial in a research report on Thursday. Oppenheimer began coverage on shares of Ally Financial in a research report on Monday, January 8th. They issued a “buy” rating and a $38.00 price target for the company. Stephens set a $27.00 price target on shares of Ally Financial and gave the stock a “sell” rating in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Ally Financial from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Tuesday, January 2nd. Finally, Barclays upped their price target on shares of Ally Financial from $26.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $30.88.
Ally Financial (NYSE:ALLY) opened at $30.53 on Friday. The firm has a market cap of $13,499.94, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 0.90 and a beta of 1.46. Ally Financial has a 12-month low of $18.11 and a 12-month high of $30.65. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.21 and a quick ratio of 1.21.
Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.08. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.46 billion. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. During the same period in the prior year, the business posted $0.56 earnings per share. sell-side analysts anticipate that Ally Financial will post 2.28 EPS for the current year.
Several large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its position in shares of Ally Financial by 32.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 73,267 shares of the financial services provider’s stock worth $2,136,000 after acquiring an additional 17,814 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Ally Financial by 8.2% during the third quarter. Public Employees Retirement System of Ohio now owns 196,023 shares of the financial services provider’s stock valued at $4,756,000 after purchasing an additional 14,834 shares in the last quarter. Independent Advisor Alliance purchased a new stake in Ally Financial during the third quarter valued at $342,000. Sterling Capital Management LLC raised its stake in Ally Financial by 14.6% during the third quarter. Sterling Capital Management LLC now owns 18,000 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 2,300 shares in the last quarter. Finally, First Heartland Consultants Inc. raised its stake in Ally Financial by 7.1% during the third quarter. First Heartland Consultants Inc. now owns 53,181 shares of the financial services provider’s stock valued at $1,290,000 after purchasing an additional 3,513 shares in the last quarter.
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About Ally Financial
Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.
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