Weekly Investment Analysts’ Ratings Updates for Ally Financial (ALLY)

A number of firms have modified their ratings and price targets on shares of Ally Financial (NYSE: ALLY) recently:

  • 10/27/2017 – Ally Financial was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $29.00 price target on the stock. According to Zacks, “Ally Financial’s shares have outperformed the industry over the past six months. The performance was supported by the company’s impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. The company’s third-quarter 2017 results were aided by a rise in revenues, partially offset by higher expenses. The gradual improvement in net interest margin (NIM) with the rise in rates should support top-line growth. Also, it’s initiatives to diversify revenue base should support profitability in the quarters ahead. However, persistently increasing expenses are likely to hurt the company’s bottom-line growth in the near term. Moreover, the company’s dependence on high debt levels to finance operations remains a matter of concern.”
  • 10/26/2017 – Ally Financial had its price target raised by analysts at Morgan Stanley from $24.00 to $26.00. They now have an “overweight” rating on the stock.
  • 10/26/2017 – Ally Financial had its price target raised by analysts at BMO Capital Markets from $26.00 to $27.00. They now have an “outperform” rating on the stock.
  • 10/26/2017 – Ally Financial had its price target raised by analysts at Barclays PLC from $24.00 to $26.00. They now have an “overweight” rating on the stock.
  • 10/26/2017 – Ally Financial had its price target raised by analysts at Credit Suisse Group from $28.00 to $30.00. They now have an “outperform” rating on the stock.
  • 10/26/2017 – Ally Financial had its “buy” rating reaffirmed by analysts at BTIG Research. They now have a $30.00 price target on the stock.
  • 10/16/2017 – Ally Financial is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $30.00 price target on the stock.
  • 10/6/2017 – Ally Financial had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $26.00 price target on the stock.
  • 10/4/2017 – Ally Financial had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies.
  • 10/4/2017 – Ally Financial had its “buy” rating reaffirmed by analysts at Credit Suisse Group. They now have a $28.00 price target on the stock.
  • 9/29/2017 – Ally Financial had its “buy” rating reaffirmed by analysts at Jefferies Group LLC.
  • 9/28/2017 – Ally Financial was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 9/26/2017 – Ally Financial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $26.00 price target on the stock. According to Zacks, “Ally Financial’s shares have outperformed the industry over the past six months. The performance was supported by the company’s decent earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in two of the trailing four quarters. The company’s efforts to diversify its revenue sources by enhancing digital offerings and introducing new products will help bottom-line growth. Further, the company’s encouraging capital deployment activities reflect a strong balance sheet position. However, persistently increasing expenses and high debt levels are the near-term concerns for the company.”
  • 9/22/2017 – Ally Financial was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.

Ally Financial (NYSE:ALLY) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.08. Ally Financial had a return on equity of 7.74% and a net margin of 14.75%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the company earned $0.56 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a $0.12 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.84%. Ally Financial’s dividend payout ratio is presently 22.22%.

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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