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

Allison Transmission (NYSE:ALSN) had its target price lifted by research analysts at Morgan Stanley from $110.00 to $112.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the auto parts company’s stock. Morgan Stanley’s target price suggests a potential upside of 4.82% from the company’s previous close.

Several other research firms have also weighed in on ALSN. Bank of America upped their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. Oppenheimer lifted their price objective on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group upped their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. Finally, StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $102.63.

Allison Transmission Stock Performance

ALSN opened at $106.85 on Tuesday. The stock has a market cap of $9.26 billion, a PE ratio of 13.01, a P/E/G ratio of 2.03 and a beta of 0.98. Allison Transmission has a 1 year low of $55.19 and a 1 year high of $122.53. The stock’s 50 day simple moving average is $111.01 and its 200-day simple moving average is $93.58. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The company had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.76 EPS. Sell-side analysts forecast that Allison Transmission will post 8.21 EPS for the current year.

Insider Activity

In other Allison Transmission news, CEO David S. Graziosi sold 5,326 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $120.12, for a total transaction of $639,759.12. Following the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,280,219.96. This represents a 3.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Thomas Eifert sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $95.00, for a total transaction of $190,000.00. Following the sale, the vice president now owns 9,601 shares of the company’s stock, valued at approximately $912,095. This represents a 17.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,380 shares of company stock valued at $2,830,837 over the last three months. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Allison Transmission

A number of hedge funds and other institutional investors have recently bought and sold shares of ALSN. Quarry LP lifted its stake in shares of Allison Transmission by 46.7% in the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 114 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Allison Transmission in the third quarter valued at about $67,000. Venturi Wealth Management LLC boosted its holdings in Allison Transmission by 27.8% during the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after buying an additional 162 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Allison Transmission during the 3rd quarter worth about $82,000. Finally, Fifth Third Bancorp increased its stake in shares of Allison Transmission by 139.8% in the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after acquiring an additional 506 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Allison Transmission Company Profile

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.