Allison Transmission (NYSE:ALSN) Price Target Raised to $115.00 at Oppenheimer

by · The Markets Daily

Allison Transmission (NYSE:ALSN – Get Free Report) had its price target raised by research analysts at Oppenheimer from $90.00 to $115.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the auto parts company’s stock. Oppenheimer’s price objective points to a potential upside of 6.15% from the company’s previous close.

ALSN has been the subject of several other reports. The Goldman Sachs Group boosted their price objective on shares of Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a report on Monday, July 29th. JPMorgan Chase & Co. increased their target price on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research report 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 report on Wednesday. Citigroup upped their price target on Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $93.00.

Check Out Our Latest Stock Report on ALSN

Allison Transmission Stock Up 8.2 %

Shares of NYSE ALSN traded up $8.19 during mid-day trading on Wednesday, hitting $108.34. 434,053 shares of the stock traded hands, compared to its average volume of 614,884. The company has a market cap of $9.48 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 1.78 and a beta of 0.99. The stock has a fifty day moving average price of $93.79 and a 200-day moving average price of $83.77. Allison Transmission has a 52 week low of $50.13 and a 52 week high of $109.13. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78.

Allison Transmission (NYSE:ALSN – Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, topping 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 firm had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. During the same quarter in the previous year, the business earned $1.76 earnings per share. The company’s revenue was up 12.0% on a year-over-year basis. Research analysts anticipate that Allison Transmission will post 7.85 EPS for the current year.

Insiders Place Their Bets

In other news, VP Thomas Eifert sold 1,741 shares of the stock in a transaction 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 transaction, the vice president now owns 9,601 shares of the company’s stock, valued at approximately $960,100. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Thomas Eifert sold 1,741 shares of the business’s stock in a transaction dated 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 owns 9,601 shares in the company, valued at approximately $960,100. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction 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 $1,129,971.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,741 shares of company stock worth $546,060 in the last ninety days. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Allison Transmission

A number of large investors have recently made changes to their positions in ALSN. GSA Capital Partners LLP purchased a new position in shares of Allison Transmission in the 1st quarter valued at about $1,229,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Allison Transmission during the 1st quarter worth approximately $1,342,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Allison Transmission during the 1st quarter valued at approximately $1,120,000. State Board of Administration of Florida Retirement System grew its stake in Allison Transmission by 11.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 99,254 shares of the auto parts company’s stock valued at $8,055,000 after acquiring an additional 10,196 shares during the period. Finally, Harbor Capital Advisors Inc. raised its position in Allison Transmission by 238.0% during the second quarter. Harbor Capital Advisors Inc. now owns 16,191 shares of the auto parts company’s stock worth $1,229,000 after acquiring an additional 11,401 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

About Allison Transmission

(Get Free Report)

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.

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