Ally Financial (NYSE:ALLY) Receives Downgrade From Stephens \u0026 Co.. Will Other Analysts Follow Suit?

July 17, 2017 - By Maria Brooks

 Ally Financial (NYSE:ALLY) Receives Downgrade From Stephens \u0026 Co.. Will Other Analysts Follow Suit?

Ally Financial (NYSE:ALLY) Receives a Downgrade

In analysts note sent to clients and investors on 17 July, Stephens \u0026 Co. announced that they will be downgrading shares of Ally Financial (NYSE:ALLY) from a “Equal-Weight” to a “Underweight” rating.

Ally Financial Inc (NYSE:ALLY) Ratings Coverage

Among 16 analysts covering Ally Financial (NYSE:ALLY), 11 have Buy rating, 1 Sell and 4 Hold. Therefore 69% are positive. Ally Financial has $27 highest and $22 lowest target. $24.18’s average target is 12.67% above currents $21.46 stock price. Ally Financial had 26 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Ally Financial Inc (NYSE:ALLY) has “Underweight” rating given on Monday, July 17 by Stephens. The firm earned “Buy” rating on Friday, April 7 by Wood. The stock has “Buy” rating by Deutsche Bank on Wednesday, May 4. The company was downgraded on Wednesday, April 27 by Wells Fargo. Zacks upgraded the stock to “Buy” rating in Wednesday, September 2 report. The firm earned “Buy” rating on Thursday, June 22 by Keefe Bruyette & Woods. The stock of Ally Financial Inc (NYSE:ALLY) has “Buy” rating given on Wednesday, February 3 by Compass Point. The stock of Ally Financial Inc (NYSE:ALLY) has “Neutral” rating given on Wednesday, May 11 by Macquarie Research. The company was upgraded on Wednesday, July 29 by Credit Suisse. BMO Capital Markets upgraded Ally Financial Inc (NYSE:ALLY) on Wednesday, September 16 to “Outperform” rating.

The stock increased 0.05% or $0.01 on July 14, reaching $21.46. About 3,300 shares traded. Ally Financial Inc (NYSE:ALLY) has risen 12.72% since July 17, 2016 and is uptrending. It has underperformed by 3.98% the S&P500.

Analysts expect Ally Financial Inc (NYSE:ALLY) to report $0.54 EPS on July, 25.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $0.54 EPS. ALLY’s profit would be $247.35 million giving it 9.94 P/E if the $0.54 EPS is correct. After having $0.48 EPS previously, Ally Financial Inc’s analysts see 12.50 % EPS growth.

Ally Financial Inc. is a digital financial services company. The company has market cap of $9.83 billion. The Firm is a bank and financial holding company. It has a 9.67 P/E ratio. The Company’s divisions include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other.

More important recent Ally Financial Inc (NYSE:ALLY) news were published by: Prnewswire.com which released: “Ally Financial Schedules Release of Second Quarter 2017 Financial Results” on June 21, 2017, also Prnewswire.com published article titled: “Ally Announces Non-Objection to 2017 Capital Plan”, Seekingalpha.com published: “2 Banks To Buy In Anticipation Of Earnings Season” on July 12, 2017. More interesting news about Ally Financial Inc (NYSE:ALLY) was released by: Globenewswire.com and their article: “Check Your Dollars, Salt Lake City! Ally’s “Hardest Working Dollars” Offer …” with publication date: July 13, 2017.

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