Piper Jaffray Companies set a $26.00 price target on Allison Transmission Holdings, Inc. (NYSE:ALSN) in a research report sent to investors on Wednesday morning. The brokerage currently has a sell rating on the auto parts company’s stock.

Several other analysts have also issued reports on ALSN. BidaskClub upgraded shares of Allison Transmission Holdings from a buy rating to a strong-buy rating in a research report on Friday, October 27th. J P Morgan Chase & Co lowered shares of Allison Transmission Holdings from an overweight rating to a neutral rating and reduced their price target for the stock from $45.00 to $39.00 in a research report on Thursday, August 17th. Royal Bank Of Canada reiterated a buy rating on shares of Allison Transmission Holdings in a research report on Wednesday, August 2nd. Robert W. Baird upgraded shares of Allison Transmission Holdings from a neutral rating to an outperform rating and increased their price target for the stock from $43.00 to $51.00 in a research report on Tuesday, August 1st. Finally, Stifel Nicolaus set a $41.00 price target on shares of Allison Transmission Holdings and gave the stock a hold rating in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $43.40.

Allison Transmission Holdings (ALSN) opened at $43.68 on Wednesday. Allison Transmission Holdings has a fifty-two week low of $28.29 and a fifty-two week high of $45.69. The company has a market cap of $6,192.12, a P/E ratio of 19.33, a PEG ratio of 1.80 and a beta of 1.24. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 4.57.

Allison Transmission Holdings (NYSE:ALSN) last announced its earnings results on Monday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.27. The company had revenue of $595.00 million for the quarter, compared to analysts’ expectations of $533.53 million. Allison Transmission Holdings had a net margin of 16.34% and a return on equity of 45.65%. The business’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same period last year, the firm earned $0.27 earnings per share. research analysts predict that Allison Transmission Holdings will post 2.43 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://www.watchlistnews.com/allison-transmission-holdings-inc-alsn-given-a-26-00-price-target-at-piper-jaffray-companies/1680515.html.

In other Allison Transmission Holdings news, CFO David S. Graziosi sold 39,264 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $37.23, for a total value of $1,461,798.72. Following the sale, the chief financial officer now owns 233,387 shares in the company, valued at $8,688,998.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Randall R. Kirk sold 7,541 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $34.27, for a total transaction of $258,430.07. Following the completion of the sale, the senior vice president now owns 84,494 shares in the company, valued at approximately $2,895,609.38. The disclosure for this sale can be found here. Company insiders own 7.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its holdings in shares of Allison Transmission Holdings by 7,314.3% during the second quarter. Tower Research Capital LLC TRC now owns 5,190 shares of the auto parts company’s stock worth $195,000 after purchasing an additional 5,120 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Allison Transmission Holdings by 12.8% during the second quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock worth $201,000 after purchasing an additional 607 shares during the period. Menta Capital LLC acquired a new position in shares of Allison Transmission Holdings during the second quarter worth $206,000. BlueCrest Capital Management Ltd acquired a new position in shares of Allison Transmission Holdings during the second quarter worth $208,000. Finally, ARP Americas LLC acquired a new position in shares of Allison Transmission Holdings during the third quarter worth $242,000.

Allison Transmission Holdings Company Profile

Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).

Analyst Recommendations for Allison Transmission Holdings (NYSE:ALSN)

Receive News & Ratings for Allison Transmission Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.