Oppenheimer Reiterates a Buy Rating on Ally Financial

By Ryan Adsit

Oppenheimer analyst Ben Chittenden reiterated a Buy rating on Ally Financial (NYSE: ALLY) yesterday and set a price target of $35. The company’s shares closed yesterday at $27.60.

According to TipRanks.com, Chittenden is a 3-star analyst with an average return of 1.1% and a 53.7% success rate. Chittenden covers the Financial sector, focusing on stocks such as Discover Financial Services, Credit Acceptance Corp, and Santander Consumer USA.

Ally Financial has an analyst consensus of Moderate Buy, with a price target consensus of $33.90.

Ally Financial’s market cap is currently $12.06B and has a P/E ratio of 13.46. The company has a book value ratio of 0.8939.

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Ally Financial, Inc. is a holding company, which provides digital financial services to consumers, businesses, automotive dealers, and corporate clients. It operates through the following segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations.