Ally Financial (NYSE:ALLY) had its target price increased by stock analysts at BTIG Research to $32.00 in a research note issued on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. BTIG Research’s price objective suggests a potential upside of 25.59% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Piper Jaffray Companies set a $34.00 price objective on shares of Ally Financial and gave the company a “buy” rating in a research report on Monday, October 29th. Zacks Investment Research reissued a “buy” rating and issued a $27.00 price objective on shares of Ally Financial in a research report on Monday, November 12th. Oppenheimer set a $32.00 price objective on shares of Ally Financial and gave the company a “buy” rating in a research report on Thursday, October 25th. Finally, ValuEngine raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Ally Financial currently has a consensus rating of “Buy” and an average target price of $32.19.

Ally Financial stock traded down $0.18 during trading on Wednesday, reaching $25.48. 3,477,000 shares of the company’s stock were exchanged, compared to its average volume of 3,219,940. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.48. Ally Financial has a 52-week low of $20.60 and a 52-week high of $31.29. The stock has a market cap of $10.80 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 0.57 and a beta of 1.29.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. Ally Financial had a net margin of 16.87% and a return on equity of 10.25%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Analysts forecast that Ally Financial will post 3.25 earnings per share for the current year.

In related news, CAO David J. Debrunner sold 25,000 shares of the stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $26.35, for a total transaction of $658,750.00. Following the sale, the chief accounting officer now owns 102,155 shares in the company, valued at $2,691,784.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.19% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in ALLY. Tower Research Capital LLC TRC acquired a new stake in shares of Ally Financial in the second quarter valued at approximately $149,000. NEXT Financial Group Inc acquired a new stake in shares of Ally Financial in the third quarter valued at approximately $153,000. Legacy Financial Advisors Inc. increased its stake in shares of Ally Financial by 58.1% in the third quarter. Legacy Financial Advisors Inc. now owns 6,152 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 2,261 shares during the period. First Hawaiian Bank acquired a new stake in shares of Ally Financial in the third quarter valued at approximately $268,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Ally Financial in the third quarter valued at approximately $273,000. Institutional investors own 98.25% of the company’s stock.

About Ally Financial

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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Analyst Recommendations for Ally Financial (NYSE:ALLY)

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