Allison Transmission (NYSE:ALSN) Price Target Raised to $109.00 at Citigroup

Allison Transmission (NYSE:ALSN) had its target price boosted by stock analysts at Citigroup from $97.00 to $109.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. Citigroup’s price target suggests a potential upside of 11.02% from the company’s current price.

ALSN has been the subject of a number of other reports. The Goldman Sachs Group upped their target price on shares of Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. StockNews.com downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 2nd. Raymond James began coverage on shares of Allison Transmission in a research note on Friday, June 28th. They set an “outperform” rating and a $85.00 price objective for the company. Finally, Robert W. Baird increased their price objective on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $83.71.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $98.18 on Wednesday. The firm has a market cap of $8.59 billion, a PE ratio of 13.11, a PEG ratio of 1.64 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 1-year low of $50.13 and a 1-year high of $100.73. The company has a fifty day moving average price of $89.94 and a 200 day moving average price of $82.11.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.09. The firm had revenue of $816.00 million during the quarter, compared to analyst estimates of $799.44 million. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.92 EPS. Research analysts predict that Allison Transmission will post 7.85 earnings per share for the current fiscal year.

Insider Activity at Allison Transmission

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc increased its holdings in shares of Allison Transmission by 1,200.0% during the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 336 shares during the period. Triad Wealth Partners LLC bought a new position in shares of Allison Transmission during the second quarter worth approximately $33,000. Fifth Third Bancorp increased its stake in Allison Transmission by 139.8% in the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after acquiring an additional 506 shares during the last quarter. Quent Capital LLC increased its stake in Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after acquiring an additional 172 shares during the last quarter. Finally, Covestor Ltd increased its stake in 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 acquiring an additional 728 shares during 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.