Allison Transmission (NYSE:ALSN) Price Target Raised to $100.00

Allison Transmission (NYSE:ALSN) had its price objective upped by JPMorgan Chase & Co. from $80.00 to $100.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 0.03% from the company’s previous close.

A number of other brokerages have also issued reports on ALSN. Raymond James assumed coverage on Allison Transmission in a research report on Friday, June 28th. They set an “outperform” rating and a $85.00 target price on the stock. Robert W. Baird increased their price objective on shares of Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, July 26th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Citigroup raised their price target on shares of Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, The Goldman Sachs Group boosted their price objective on Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Allison Transmission has a consensus rating of “Hold” and an average price target of $86.86.

Allison Transmission Stock Up 1.8 %

ALSN stock opened at $99.97 on Friday. Allison Transmission has a one year low of $50.13 and a one year high of $100.73. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78. The firm’s fifty day moving average is $89.94 and its 200 day moving average is $82.11. The firm has a market cap of $8.71 billion, a PE ratio of 12.75, a P/E/G ratio of 1.78 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.09. The firm had revenue of $816.00 million for the quarter, compared to analysts’ expectations of $799.44 million. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $1.92 EPS. On average, research analysts forecast that Allison Transmission will post 7.85 EPS for the current year.

Insider Activity

In related news, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the transaction, the vice president now owns 9,601 shares in the company, valued at approximately $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP Thomas Eifert sold 1,741 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the sale, the vice president now directly owns 9,601 shares in the company, valued at approximately $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the transaction, the senior vice president now directly owns 12,420 shares in the company, valued at $1,129,971.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,741 shares of company stock worth $546,060 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new stake in shares of Allison Transmission during the first quarter valued at about $1,229,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Allison Transmission in the first quarter valued at approximately $1,342,000. Susquehanna Fundamental Investments LLC acquired a new position in Allison Transmission during the first quarter worth $1,120,000. State Board of Administration of Florida Retirement System lifted its stake in Allison Transmission by 11.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 99,254 shares of the auto parts company’s stock worth $8,055,000 after purchasing an additional 10,196 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Allison Transmission by 238.0% during the second quarter. Harbor Capital Advisors Inc. now owns 16,191 shares of the auto parts company’s stock worth $1,229,000 after buying an additional 11,401 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.