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

Allison Transmission (NYSE:ALSN) had its price target upped by investment analysts at Oppenheimer from $90.00 to $115.00 in a report released on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the auto parts company’s stock. Oppenheimer’s price target points to a potential upside of 7.60% from the company’s previous close.

Several other equities research analysts also recently weighed in on the stock. The Goldman Sachs Group raised their target price on shares of 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. increased their price target on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Robert W. Baird boosted their price target on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Finally, Citigroup boosted their target price 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 given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Allison Transmission has an average rating of “Hold” and a consensus target price of $91.00.

Allison Transmission Stock Down 1.1 %

Shares of NYSE ALSN opened at $106.88 on Wednesday. The stock has a market capitalization of $9.35 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99. The company has a current ratio of 2.78, a quick ratio of 2.19 and a debt-to-equity ratio of 1.62. Allison Transmission has a 12-month low of $50.13 and a 12-month high of $109.30. The stock’s fifty day simple moving average is $94.57 and its two-hundred day simple moving average is $84.10.

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 return on equity of 52.18% and a net margin of 21.95%. The company had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. During the same quarter in the previous year, the firm earned $1.76 earnings per share. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, analysts expect that Allison Transmission will post 7.85 EPS for the current fiscal year.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the sale, the senior vice president now directly owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the transaction, the senior vice president now directly owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $174,100.00. Following the sale, the vice president now directly owns 9,601 shares in the company, valued at $960,100. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,741 shares of company stock valued at $546,060 over the last 90 days. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

Several hedge funds have recently modified their holdings of ALSN. Renaissance Technologies LLC raised its holdings in Allison Transmission by 1.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company’s stock worth $267,359,000 after purchasing an additional 39,700 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Allison Transmission by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock worth $143,716,000 after buying an additional 41,168 shares during the period. Federated Hermes Inc. lifted its position in shares of Allison Transmission by 5.9% during the 2nd quarter. Federated Hermes Inc. now owns 906,370 shares of the auto parts company’s stock valued at $68,793,000 after buying an additional 50,625 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Allison Transmission by 12.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 683,831 shares of the auto parts company’s stock valued at $51,903,000 after acquiring an additional 77,649 shares during the period. Finally, Copeland Capital Management LLC increased its holdings in Allison Transmission by 0.9% in the 3rd quarter. Copeland Capital Management LLC now owns 636,205 shares of the auto parts company’s stock worth $61,120,000 after acquiring an additional 5,489 shares in the last quarter. 96.90% of the stock is 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.