JPMorgan Chase & Co. upgrades Ally Financial (NYSE:ALLY) to Neutral.

Ally Financial (NYSE:ALLY – Get Free Report) was raised by equity analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued to investors on Monday, Briefing.com reports. The firm currently has a $45.00 price target on the financial services provider’s stock, up from its previous $39.00 target price. The JPMorgan Chase & Co. price target indicates a potential upside of 12.95% from the stock’s previous close.

Several other analysts have also recently released reports on ALLY. Compass Point raised their price objective for Ally Financial from $28.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, April 11. TD Cowen raised their price objective for shares of Ally Financial from $42.00 to $43.00 and gave the stock a “hold” rating in a research note on Friday, April 19. BMO Capital Markets raised their price objective for Ally Financial from $36.00 to $37.00 and gave the company a “market perform” rating in a research note on Friday, April 19. Wells Fargo & Company raised their price objective for shares of Ally Financial from $29.00 to $33.00 and gave the company an “underweight” rating in a research note on Wednesday, April 10. Finally, Bank of America raised shares of Ally Financial from a “neutral” rating to a “buy” rating and raised their price target for the stock from $42.00 to $46.00 in a report on Tuesday, April 9. Two analysts rated the stock a “sell,” nine gave a “hold” rating, and eight gave a “buy” rating. According to MarketBeat.com, Ally Financial has an average rating of “hold” and an average price target of $41.53.

Read our latest analysis of Ally Financial stock

Ally Financial Trading shares down 1.5%

ALLY shares opened at $39.84 on Monday. The stock has a 50-day simple moving average of $39.36 and a 200-day simple moving average of $37.70. Ally Financial has a one-year low of $22.54 and a one-year high of $41.77. The company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 0.48 and a beta of 1.41. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a current ratio of 0.92.

Ally Financial (NYSE:ALLY – Get Free Report) last released its quarterly earnings results on Thursday, April 18. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.12. Ally Financial had a net margin of 10.59% and a return on equity of 8.35%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ estimates of $1.96 billion. During the same period last year, the company posted $0.82 earnings per share. Ally Financial’s quarterly revenue was down 5.4% compared to the same quarter last year. Equity research analysts, on average, expect Ally Financial to post 3 EPS for the current fiscal year.

Hedge funds rate Ally Financial

Several institutional investors and hedge funds have recently bought and sold shares of ALLY. Transcendent Capital Group LLC acquired a new share of Ally Financial in the first quarter worth about $28,000. Northwest Financial Advisors acquired a new position in shares of Ally Financial in the fourth quarter worth $31,000. Rise Advisors LLC acquired a new position in Ally Financial in the first quarter worth $32,000. Quarry LP increased its holdings in Ally Financial by 165.7% in the fourth quarter. Quarry LP now owns 959 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 598 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC increased its holdings in Ally Financial by 571.7% in the first quarter. SYSTM Wealth Solutions LLC now owns 927 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 789 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

About Ally Financial

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Ally Financial Inc., a digital financial services company, offers 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.

Ally Financial Trading shares down 1.5%

Hedge funds rate Ally Financial

About Ally Financial

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