Ally Financial Inc (ALLY) Receives $32.82 Average Target Price from Analysts
Ally Financial Inc (NYSE:ALLY) has been given a consensus rating of “Buy” by the twenty-two analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $32.82.
Several analysts recently commented on the company. TheStreet raised Ally Financial from a “c+” rating to a “b-” rating in a report on Thursday, July 19th. Oppenheimer set a $32.00 target price on Ally Financial and gave the stock a “buy” rating in a report on Thursday, October 25th. Zacks Investment Research lowered Ally Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Nomura dropped their target price on Ally Financial from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, October 26th. Finally, ValuEngine lowered Ally Financial from a “hold” rating to a “sell” rating in a report on Friday, November 2nd.
Ally Financial stock traded down $0.53 during midday trading on Monday, hitting $25.76. 3,304,353 shares of the company were exchanged, compared to its average volume of 3,917,809. The firm has a market cap of $10.82 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 0.64 and a beta of 1.23. Ally Financial has a fifty-two week low of $23.69 and a fifty-two week high of $31.29. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 3.48.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $0.60 dividend on an annualized basis and a yield of 2.33%. Ally Financial’s dividend payout ratio is currently 25.10%.
Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new position in Ally Financial during the second quarter worth approximately $149,000. NEXT Financial Group Inc purchased a new position in Ally Financial during the third quarter worth approximately $153,000. NumerixS Investment Technologies Inc purchased a new position in Ally Financial during the second quarter worth approximately $159,000. Legacy Financial Advisors Inc. boosted its position in Ally Financial by 58.1% during the third quarter. Legacy Financial Advisors Inc. now owns 6,152 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 2,261 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new position in Ally Financial during the first quarter worth approximately $223,000. Institutional investors own 98.73% of the company’s stock.
Ally Financial Company Profile
Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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