Allison Transmission (NYSE:ALSN – Get Free Report) had its price objective upped by stock analysts at Freedom Broker from $144.00 to $147.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the auto parts company’s stock. Freedom Broker‘s price objective points to a potential upside of 25.92% from the company’s current price.
Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. reduced their price target on Allison Transmission from $145.00 to $142.00 and set a “neutral” rating for the company in a research report on Thursday, October 8th. Zacks Research upgraded Allison Transmission from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Wells Fargo & Company decreased their target price on shares of Allison Transmission from $137.00 to $120.00 and set an “equal weight” rating on the stock in a report on Thursday, October 8th. Citigroup increased their target price on shares of Allison Transmission from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wolfe Research set a $147.00 price target on shares of Allison Transmission in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.62.
Check Out Our Latest Research Report on ALSN
Allison Transmission Stock Performance
ALSN traded up $0.29 on Friday, hitting $116.74. The company’s stock had a trading volume of 1,058,862 shares, compared to its average volume of 923,925. The company’s 50 day simple moving average is $116.66 and its 200-day simple moving average is $118.44. The firm has a market cap of $9.64 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 0.60 and a beta of 1.06. Allison Transmission has a 12 month low of $78.77 and a 12 month high of $137.62. The company has a quick ratio of 1.17, a current ratio of 1.77 and a debt-to-equity ratio of 1.92.
Allison Transmission (NYSE:ALSN – Get Free Report) last issued its earnings results on Monday, November 2nd. The auto parts company reported $2.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.58. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Allison Transmission had a net margin of 11.12% and a return on equity of 42.33%. The business’s revenue for the quarter was up 121.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 EPS. Analysts forecast that Allison Transmission will post 10.28 EPS for the current year.
Insiders Place Their Bets
In other Allison Transmission news, insider Eric C. Scroggins sold 1,050 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total value of $131,250.00. Following the completion of the sale, the insider directly owned 16,604 shares of the company’s stock, valued at $2,075,500. The trade was a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David S. Graziosi sold 26,708 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the completion of the sale, the chief executive officer directly owned 304,843 shares of the company’s stock, valued at $40,534,973.71. This represents a 8.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of ALSN. Millstone Evans Group LLC bought a new position in Allison Transmission during the 1st quarter worth approximately $26,000. Cedar Mountain Advisors LLC purchased a new position in shares of Allison Transmission in the first quarter worth $27,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Allison Transmission in the first quarter worth $28,000. Mather Group LLC. raised its holdings in Allison Transmission by 68.2% during the 3rd quarter. Mather Group LLC. now owns 291 shares of the auto parts company’s stock valued at $33,000 after buying an additional 118 shares during the last quarter. Finally, Gen Wealth Partners Inc bought a new stake in Allison Transmission during the 3rd quarter valued at $33,000. 96.90% of the stock is owned by institutional investors.
About Allison Transmission
Allison Transmission, Inc designs and manufactures propulsion solutions for commercial, defense and off-highway vehicles. The company is best known for its fully automatic transmissions, which are used in applications including refuse collection, construction, distribution, emergency services, public transportation and mining.
Its product portfolio also includes electric and hybrid-electric propulsion systems, including the eGen Power electric axle and other electrification technologies.
Further Reading
- Five stocks we like better than Allison Transmission
- Q3 Earnings Have Investors Wondering: Is Mercado Libre Finally a Buy?
- CVS Raised Its Outlook and Announced a Breakup—So Why Did the Stock Drop?
- Array and Shoals Are Merging: Who Really Wins the All-Stock Solar Deal?
- Duolingo’s User Growth Is Outpacing Bookings, But Is Its Strategy Paying Off?
Receive News & Ratings for Allison Transmission Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission and related companies with MarketBeat.com's FREE daily email newsletter.
