Allison Transmission (NYSE:ALSN) Stock Price Expected to Rise, Citigroup Analyst Says

Allison Transmission (NYSE:ALSN) had its target price increased by research analysts at Citigroup from $130.00 to $135.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the auto parts company’s stock. Citigroup’s price objective would suggest a potential upside of 5.55% from the company’s current price.

Several other research analysts have also issued reports on ALSN. JPMorgan Chase & Co. increased their target price on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Zacks Research lowered shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Weiss Ratings lowered shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 25th. Oppenheimer increased their target price on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Finally, Wells Fargo & Company increased their target price on shares of Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $112.56.

Allison Transmission Trading Down 0.5%

Shares of ALSN traded down $0.61 during trading hours on Monday, hitting $127.90. 150,011 shares of the stock were exchanged, compared to its average volume of 852,172. Allison Transmission has a fifty-two week low of $76.01 and a fifty-two week high of $128.95. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.85 and a quick ratio of 4.17. The business has a 50-day moving average of $117.62 and a 200-day moving average of $101.19. The firm has a market capitalization of $10.63 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, insider Eric C. Scroggins sold 1,313 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $114.40, for a total value of $150,207.20. Following the transaction, the insider directly owned 17,654 shares of the company’s stock, valued at approximately $2,019,617.60. This trade represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ALSN. Rossby Financial LCC lifted its stake in shares of Allison Transmission by 107.0% in the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after buying an additional 153 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Allison Transmission by 536.7% in the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after buying an additional 263 shares in the last quarter. Transamerica Financial Advisors LLC lifted its stake in shares of Allison Transmission by 2,112.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock valued at $35,000 after buying an additional 338 shares in the last quarter. True Wealth Design LLC grew its holdings in Allison Transmission by 93.2% during the third quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock worth $38,000 after buying an additional 218 shares in the last quarter. Finally, First Horizon Corp bought a new stake in Allison Transmission during the third quarter worth $40,000. 96.90% of the stock is owned by institutional investors.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.