StockNews.com Upgrades Allison Transmission (NYSE:ALSN) to “Strong-Buy”

Allison Transmission (NYSE:ALSN) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.

Other research analysts also recently issued reports about the company. Citigroup upped their price target on Allison Transmission from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, December 9th. The Goldman Sachs Group upped their target price 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. Robert W. Baird lifted their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Oppenheimer increased their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley raised their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $102.63.

Allison Transmission Stock Down 1.2 %

NYSE:ALSN opened at $108.74 on Thursday. The firm has a 50-day simple moving average of $112.31 and a two-hundred day simple moving average of $95.13. The firm has a market cap of $9.42 billion, a P/E ratio of 13.24, a P/E/G ratio of 2.03 and a beta of 0.98. Allison Transmission has a fifty-two week low of $55.19 and a fifty-two week high of $122.53. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.26. The company had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.76 earnings per share. Analysts predict that Allison Transmission will post 8.21 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the transaction, the vice president now owns 9,601 shares of the company’s stock, valued at approximately $960,100. This represents a 15.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David S. Graziosi sold 1,723 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total value of $207,207.98. Following the sale, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,303,856.58. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,380 shares of company stock valued at $2,640,837 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in Allison Transmission by 12.8% during 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 buying an additional 77,649 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Allison Transmission by 10.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,431 shares of the auto parts company’s stock valued at $1,627,000 after acquiring an additional 1,948 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Allison Transmission in the 2nd quarter worth $964,000. Empirical Finance LLC purchased a new stake in Allison Transmission in the 2nd quarter worth $594,000. Finally, Americana Partners LLC boosted its holdings in shares of Allison Transmission by 3.9% during the 2nd quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company’s stock valued at $385,000 after purchasing an additional 191 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.