Allison Transmission Holdings, Inc. (ALSN) PT Raised to $50.00 at Citigroup Inc.
Allison Transmission Holdings, Inc. (NYSE:ALSN) had its target price upped by Citigroup Inc. from $45.00 to $50.00 in a report released on Thursday. The firm currently has a buy rating on the auto parts company’s stock.
Other equities research analysts have also issued reports about the company. Royal Bank Of Canada restated a buy rating on shares of Allison Transmission Holdings in a research note on Friday, July 7th. ValuEngine upgraded Allison Transmission Holdings from a hold rating to a buy rating in a research note on Friday, September 1st. BidaskClub upgraded Allison Transmission Holdings from a hold rating to a buy rating in a research note on Tuesday, October 3rd. Robert W. Baird restated a buy rating and issued a $52.00 price objective on shares of Allison Transmission Holdings in a research note on Wednesday, November 1st. Finally, Stifel Nicolaus restated a hold rating and issued a $41.00 price objective (up from $40.00) on shares of Allison Transmission Holdings in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Allison Transmission Holdings currently has a consensus rating of Hold and a consensus target price of $43.40.
Allison Transmission Holdings (ALSN) traded down $0.14 during trading hours on Thursday, hitting $43.54. The stock had a trading volume of 21,318 shares, compared to its average volume of 2,124,992. The company has a debt-to-equity ratio of 4.57, a current ratio of 1.50 and a quick ratio of 1.15. The stock has a market cap of $6,192.11, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. Allison Transmission Holdings has a 52-week low of $28.29 and a 52-week high of $45.69.
Allison Transmission Holdings (NYSE:ALSN) last posted its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.48 by $0.27. The firm had revenue of $595.00 million during the quarter, compared to analyst estimates of $533.53 million. Allison Transmission Holdings had a return on equity of 45.65% and a net margin of 16.34%. Allison Transmission Holdings’s revenue was up 37.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 EPS. research analysts anticipate that Allison Transmission Holdings will post 2.43 earnings per share for the current year.
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In other Allison Transmission Holdings news, SVP Randall R. Kirk sold 7,541 shares of the stock in a transaction dated 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 transaction, the senior vice president now owns 84,494 shares of the company’s stock, valued at approximately $2,895,609.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David S. Graziosi sold 39,264 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $37.23, for a total transaction of $1,461,798.72. Following the transaction, the chief financial officer now directly owns 233,387 shares of the company’s stock, valued at approximately $8,688,998.01. The disclosure for this sale can be found here. 7.90% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA boosted its holdings in shares of Allison Transmission Holdings by 97.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 115,702 shares of the auto parts company’s stock valued at $4,342,000 after purchasing an additional 57,148 shares during the last quarter. Alps Advisors Inc. bought a new position in shares of Allison Transmission Holdings during the 3rd quarter valued at about $510,000. Jennison Associates LLC boosted its holdings in shares of Allison Transmission Holdings by 3.8% during the 3rd quarter. Jennison Associates LLC now owns 1,788,436 shares of the auto parts company’s stock valued at $67,120,000 after purchasing an additional 65,743 shares during the last quarter. Isthmus Partners LLC boosted its holdings in shares of Allison Transmission Holdings by 1.5% during the 3rd quarter. Isthmus Partners LLC now owns 165,872 shares of the auto parts company’s stock valued at $6,225,000 after purchasing an additional 2,450 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Allison Transmission Holdings by 1,430.1% during the 3rd quarter. American Century Companies Inc. now owns 268,707 shares of the auto parts company’s stock valued at $10,085,000 after purchasing an additional 251,146 shares during the last quarter.
About Allison Transmission Holdings
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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