Robert W. Baird Forecasts Strong Price Appreciation for Allison Transmission (NYSE:ALSN) Stock

Allison Transmission (NYSE:ALSN) had its price objective lifted by investment analysts at Robert W. Baird from $103.00 to $108.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s price target suggests a potential upside of 1.05% from the stock’s current price.

A number of other analysts have also commented on the company. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. The Goldman Sachs Group boosted their target price on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. raised their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. Finally, Citigroup boosted their price objective on shares of Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $91.00.

Allison Transmission Stock Down 1.1 %

Shares of NYSE ALSN opened at $106.88 on Wednesday. Allison Transmission has a 52-week low of $50.13 and a 52-week high of $109.30. 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 stock has a market cap of $9.35 billion, a P/E ratio of 14.27, a P/E/G ratio of 1.78 and a beta of 0.99. The firm has a 50 day moving average price of $94.57 and a 200 day moving average price of $84.10.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The business had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. During the same quarter in the prior year, the company earned $1.76 EPS. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. Analysts expect that Allison Transmission will post 7.85 EPS for the current year.

Insider Buying and Selling

In other news, VP Thomas Eifert sold 1,741 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other 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 owns 9,601 shares in the company, valued at approximately $960,100. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 sale, the senior vice president now directly owns 12,420 shares of the company’s stock, valued at $1,129,971.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,741 shares of company stock worth $546,060. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

Several hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after buying an additional 336 shares during the period. Triad Wealth Partners LLC acquired a new stake in Allison Transmission in the 2nd quarter worth about $33,000. Fifth Third Bancorp grew its position in shares of Allison Transmission by 139.8% during the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after purchasing an additional 506 shares in the last quarter. Quent Capital LLC increased its holdings in shares of Allison Transmission by 24.0% during the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after purchasing an additional 172 shares during the period. Finally, Covestor Ltd raised its position in shares of 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 in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

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.