Allison Transmission Holdings, Inc. (ALSN) Given a $26.00 Price Target at Piper Jaffray Companies
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.
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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).
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