Allison Transmission (NYSE:ALSN) Price Target Raised to $82.00

Allison Transmission (NYSE:ALSN) had its price objective boosted by research analysts at The Goldman Sachs Group from $72.00 to $82.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “sell” rating on the auto parts company’s stock. The Goldman Sachs Group’s price objective would indicate a potential downside of 23.56% from the stock’s current price.

Several other research firms have also recently issued reports on ALSN. Bank of America boosted their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday. Citigroup boosted their price target on shares of Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Oppenheimer boosted their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Finally, StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $92.25.

Allison Transmission Stock Performance

ALSN opened at $107.27 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.78 and a quick ratio of 2.19. The firm has a fifty day moving average price of $94.90 and a 200 day moving average price of $84.31. Allison Transmission has a 1 year low of $51.19 and a 1 year high of $109.30. The stock has a market cap of $9.35 billion, a P/E ratio of 13.07, a P/E/G ratio of 1.89 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 53.66%. The firm had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. During the same period in the previous year, the business posted $1.76 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. Equities research analysts anticipate that Allison Transmission will post 8.07 earnings per share for the current year.

Insider Transactions at Allison Transmission

In other news, VP Thomas Eifert sold 2,000 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $95.00, for a total transaction of $190,000.00. Following the completion of the sale, the vice president now owns 9,601 shares of the company’s stock, valued at $912,095. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 5,741 shares of company stock valued at $546,060 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Allison Transmission

A number of hedge funds have recently modified their holdings of ALSN. Versant Capital Management Inc grew its holdings in shares of Allison Transmission by 1,200.0% in the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 336 shares during the period. Triad Wealth Partners LLC purchased a new stake in shares of Allison Transmission in the second quarter valued at about $33,000. Fifth Third Bancorp grew its holdings in shares of Allison Transmission by 139.8% in the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after purchasing an additional 506 shares during the period. Quent Capital LLC grew its holdings in shares of Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after purchasing an additional 172 shares during the period. Finally, Covestor Ltd lifted its position in Allison Transmission by 307.2% in the first quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock valued at $78,000 after buying an additional 728 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

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.