Ally Financial (NYSE:ALLY) receives new price target of $49.00 at Barclays

Ally Financial (NYSE: ALLY – Get Rating) saw its price target lowered by Barclays equity researchers from $56.00 to $49.00 in a research report released Thursday to clients and investors, reports The Fly. Barclays’ price target would indicate a potential upside of 54.19% from the company’s current price.

A number of other research analysts have also recently published reports on ALLY. Raymond James cut his price target on Ally Financial shares from $50.00 to $43.00 and set an “outperform” rating for the company in a Thursday, July 7 report. Piper Sandler cut Ally Financial shares from a “neutral” rating to an “underweight” rating and lowered her price target for the stock from $45.00 to $34.00 in a report from the Wednesday, August 3. Morgan Stanley cut its price target on Ally Financial shares from $44.00 to $41.00 and set an “overweight” rating on the stock in a Wednesday, July 20 report. Credit Suisse Group cut its price target on Ally Financial shares to $55.00 in a Friday, July 22 report. Finally, Jefferies Financial Group restated a “buy” rating and set a price target of $50.00 on Ally Financial shares in a Wednesday, July 13 report. One analyst rated the stock with a sell rating, four gave the stock a hold rating and seven gave the stock a buy rating. According to data from MarketBeat.com, Ally Financial currently has an average rating of “Moderate Buy” and a consensus price target of $50.14.

Ally Financial Price Performance

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Undervalued Penny Stock

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NYSE ALLY shares opened at $31.78 on Thursday. Ally Financial has a 12-month low of $31.17 and a 12-month high of $56.28. The company has a fifty-day simple moving average of $33.81 and a 200-day simple moving average of $38.37. The company has a market capitalization of $9.81 billion, a PE ratio of 4.58, a P/E/G ratio of 0.15 and a beta of 1.31. The company has a quick ratio of 0.87, a current ratio of 0.88 and a leverage ratio of 1.46.

Ally Financial (NYSE:ALLY – Get Rating) last announced its results on Tuesday, July 19. The financial services provider reported earnings per share of $1.76 for the quarter, missing analyst consensus estimates of $1.90 per ($0.14). Ally Financial had a return on equity of 20.99% and a net margin of 29.79%. The company posted revenue of $2.08 billion for the quarter, versus a consensus estimate of $2.19 billion. During the same period of the previous year, the company achieved EPS of $2.33. On average, sell-side analysts expect Ally Financial to post an EPS of 7.16 for the current year.

Ally Financial Institutional Trading

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Blair William & Co. IL increased its stake in Ally Financial by 2.1% during the fourth quarter. Blair William & Co. IL now owns 10,233 shares of the financial services provider worth $487,000 after acquiring 206 additional shares during the period. Camden Capital LLC increased its stake in Ally Financial by 2.8% in the fourth quarter. Camden Capital LLC now owns 8,799 shares of the financial services provider worth $419,000 after buying 241 additional shares in the last quarter. Kinneret Advisory LLC increased its stake in Ally Financial by 2.3% in the 1st quarter. Kinneret Advisory LLC now owns 11,700 shares of the financial services provider worth $509,000 after buying 262 additional shares in the last quarter. Greenleaf Trust increased its stake in Ally Financial by 5.4% in Q1. Greenleaf Trust now owns 5,333 shares of the financial services provider worth $232,000 after buying an additional 271 shares last quarter. Finally, Rehmann Capital Advisory Group increased its stake in Ally Financial by 4.3% in the 4th quarter. Rehmann Capital Advisory Group now owns 7,137 shares of the financial services provider worth $340,000 after buying 297 additional shares last quarter. Institutional investors hold 91.57% of the company’s shares.

About Ally Financial

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Ally Financial Inc, a digital financial services company, provides various digital financial products and services to consumers, businesses and enterprises primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations and Corporate Finance Operations.

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Analyst Recommendations for Ally Financial (NYSE: ALLY)

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