JPMorgan Chase & Co. Lowers Allison Transmission (NYSE:ALSN) Price Target to $110.00

Allison Transmission (NYSE:ALSN) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from $129.00 to $110.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 10.92% from the company’s previous close.

Several other analysts have also issued reports on the company. Citigroup lowered their target price on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 13th. Morgan Stanley increased their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group upped their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $102.00.

Allison Transmission Stock Performance

NYSE ALSN opened at $99.17 on Tuesday. The company has a fifty day moving average price of $107.37 and a 200-day moving average price of $105.81. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 11.93 and a beta of 1.02. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. Allison Transmission has a 1 year low of $71.49 and a 1 year high of $122.53.

Allison Transmission (NYSE:ALSN) last released its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. As a group, equities research analysts predict that Allison Transmission will post 9.06 EPS for the current fiscal year.

Allison Transmission announced that its board has authorized a share buyback program on Thursday, February 20th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the auto parts company to buy up to 57.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Allison Transmission

In other news, VP Ryan A. Milburn sold 4,546 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total transaction of $437,325.20. Following the completion of the sale, the vice president now owns 14,138 shares of the company’s stock, valued at approximately $1,360,075.60. This represents a 24.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total transaction of $216,800.00. Following the sale, the senior vice president now owns 6,420 shares of the company’s stock, valued at $695,928. This represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

Institutional investors have recently modified their holdings of the company. Transce3nd LLC bought a new stake in shares of Allison Transmission during the 4th quarter valued at about $25,000. SRH Advisors LLC bought a new stake in Allison Transmission during the 4th quarter valued at approximately $26,000. Kestra Investment Management LLC purchased a new position in shares of Allison Transmission during the 4th quarter worth approximately $30,000. Vermillion Wealth Management Inc. purchased a new position in shares of Allison Transmission in the 4th quarter valued at approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Allison Transmission during the fourth quarter valued at approximately $31,000. 96.90% of the stock is currently owned by hedge funds and other 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.