Allison Transmission (NYSE:ALSN) Now Covered by Raymond James

Stock analysts at Raymond James assumed coverage on shares of Allison Transmission (NYSE:ALSN) in a research report issued on Friday, Briefing.com reports. The firm set an “outperform” rating and a $85.00 price target on the auto parts company’s stock. Raymond James’ price objective points to a potential upside of 14.42% from the stock’s previous close.

ALSN has been the topic of several other reports. Oppenheimer lifted their target price on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Citigroup started coverage on shares of Allison Transmission in a research report on Wednesday. They set a “neutral” rating and a $80.00 price objective on the stock. The Goldman Sachs Group boosted their price objective on shares of Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research report on Tuesday, April 16th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 7th. Finally, Robert W. Baird boosted their price objective on shares of Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $75.25.

Allison Transmission Stock Performance

Shares of ALSN opened at $74.29 on Friday. The firm’s 50 day moving average is $75.31 and its 200-day moving average is $70.51. The stock has a market capitalization of $6.50 billion, a P/E ratio of 9.92, a P/E/G ratio of 1.40 and a beta of 1.02. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.51 and a quick ratio of 1.95. Allison Transmission has a 12-month low of $50.13 and a 12-month high of $83.42.

Allison Transmission (NYSE:ALSN) last released its earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.01. The business had revenue of $789.00 million for the quarter, compared to the consensus estimate of $772.37 million. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $1.85 earnings per share. Equities research analysts anticipate that Allison Transmission will post 7.56 EPS for the current fiscal year.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of Allison Transmission stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $74.48, for a total value of $940,235.52. Following the completion of the sale, the vice president now directly owns 4,624 shares in the company, valued at $344,395.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

A number of hedge funds have recently bought and sold shares of the stock. Keynote Financial Services LLC bought a new stake in Allison Transmission in the 1st quarter valued at $1,055,000. Cetera Advisors LLC raised its stake in shares of Allison Transmission by 10.1% in the 1st quarter. Cetera Advisors LLC now owns 4,461 shares of the auto parts company’s stock valued at $362,000 after buying an additional 408 shares in the last quarter. Burney Co. raised its stake in shares of Allison Transmission by 34.7% in the 1st quarter. Burney Co. now owns 395,752 shares of the auto parts company’s stock valued at $32,119,000 after buying an additional 101,920 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Allison Transmission by 11.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,661 shares of the auto parts company’s stock valued at $378,000 after buying an additional 472 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Allison Transmission by 25.3% in the 1st quarter. Janus Henderson Group PLC now owns 56,998 shares of the auto parts company’s stock valued at $4,627,000 after buying an additional 11,495 shares in 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.