BMO Capital analyst James Fotheringham maintained a Buy rating on Ally Financial (NYSE:ALLY) on Monday, setting a price target of $58, which is approximately 21.57% above the present share price of $47.71.
Fotheringham expects Ally Financial to post earnings per share (EPS) of $1.83 for the second quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in Ally Financial, with an average price target of $56.3.
The analysts price targets range from a high of $64 to a low of $52.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $2.03 billion and a net profit of $0. The company's market cap is $17.81 billion.
According to TipRanks.com, BMO Capital analyst James Fotheringham is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 19.9% and a 76.47% success rate.
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. The Automotive Finance Operations segment offers retail installment sales contracts, loans and leases, offering term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to companies, fleet financing, providing financing to companies and municipalities for the purchase or lease of vehicles and equipment, and vehicle remarketing services. The Insurance Operations segment focuses on finance protection and insurance products sold primarily through the automotive dealer channel, and commercial insurance products sold directly to dealers. The Mortgage Finance Operations segment consists of the management of a held-for-investment consumer mortgage finance loan portfolio, which includes bulk purchases of jumbo and LMI mortgage loans originated by third parties. The Corporate Finance Operations segment provides senior secured leveraged cash flow and asset-based loans to mostly United States based middle market companies focuses on businesses owned by private equity sponsors with loans typically used for leveraged buyouts, mergers and acquisitions, debt refinancing, restructurings, and working capital. The company was founded in 1919 and is headquartered in Detroit, MI.