Ally Financial (NYSE:ALLY) Price Target Lowered to $45.00 at Morgan Stanley

Ally Financial (NYSE:ALLY) had its price objective cut by stock analysts at Morgan Stanley from $49.00 to $45.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 37.70% from the company’s current price.

ALLY has been the topic of a number of other research reports. Citigroup began coverage on shares of Ally Financial in a research note on Monday, June 24th. They issued a “buy” rating and a $50.00 target price on the stock. Barclays lifted their price objective on Ally Financial from $43.00 to $44.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. upgraded Ally Financial from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $39.00 to $45.00 in a research report on Monday, July 8th. Deutsche Bank Aktiengesellschaft lowered their price target on Ally Financial from $51.00 to $50.00 and set a “buy” rating on the stock in a research report on Monday, July 1st. Finally, Evercore ISI increased their price objective on Ally Financial from $43.00 to $45.00 and gave the stock an “in-line” rating in a research note on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $42.65.

Ally Financial Price Performance

Shares of ALLY stock opened at $32.68 on Wednesday. Ally Financial has a 12 month low of $22.54 and a 12 month high of $45.46. The company has a market capitalization of $9.93 billion, a P/E ratio of 13.34, a P/E/G ratio of 0.38 and a beta of 1.41. The stock has a 50 day moving average of $41.74 and a two-hundred day moving average of $39.82. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.39.

Ally Financial (NYSE:ALLY) last issued its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.64 by $0.33. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the business earned $0.96 earnings per share. As a group, equities analysts expect that Ally Financial will post 3.51 EPS for the current year.

Hedge Funds Weigh In On Ally Financial

Several large investors have recently made changes to their positions in ALLY. Victory Capital Management Inc. lifted its holdings in Ally Financial by 17.1% in the fourth quarter. Victory Capital Management Inc. now owns 91,263 shares of the financial services provider’s stock valued at $3,187,000 after buying an additional 13,352 shares during the period. Natixis Advisors L.P. bought a new position in shares of Ally Financial in the 4th quarter worth $955,000. BNP Paribas Financial Markets grew its stake in shares of Ally Financial by 133.6% during the fourth quarter. BNP Paribas Financial Markets now owns 95,397 shares of the financial services provider’s stock worth $3,331,000 after purchasing an additional 54,562 shares during the period. Avantax Advisory Services Inc. grew its stake in shares of Ally Financial by 10.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 17,835 shares of the financial services provider’s stock worth $623,000 after purchasing an additional 1,749 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Ally Financial by 53.7% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 51,697 shares of the financial services provider’s stock valued at $1,805,000 after purchasing an additional 18,057 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

About Ally Financial

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.