Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives $102.00 Consensus Price Target from Analysts

Allison Transmission Holdings, Inc. (NYSE:ALSN) has been assigned an average recommendation of “Hold” from the ten brokerages that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $102.00.

Several analysts have recently commented on the stock. Morgan Stanley increased their price target on shares of Allison Transmission from $97.00 to $109.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Raymond James Financial increased their target price on Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a report on Monday, December 22nd. JPMorgan Chase & Co. boosted their price target on Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Zacks Research raised Allison Transmission from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Wells Fargo & Company boosted their target price on shares of Allison Transmission from $85.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd.

Insider Buying and Selling at Allison Transmission

In related news, SVP John Coll sold 1,791 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total transaction of $176,932.89. Following the transaction, the senior vice president owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. This represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bank of Montreal Can boosted its holdings in shares of Allison Transmission by 4,032.3% during the fourth quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock worth $210,668,000 after purchasing an additional 2,099,797 shares during the last quarter. Norges Bank purchased a new position in Allison Transmission during the fourth quarter worth about $115,674,000. Boston Partners boosted its stake in Allison Transmission by 117.6% in the 3rd quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock worth $173,093,000 after buying an additional 1,101,824 shares during the last quarter. Millennium Management LLC boosted its stake in Allison Transmission by 191.7% in the 4th quarter. Millennium Management LLC now owns 1,257,353 shares of the auto parts company’s stock worth $123,095,000 after buying an additional 826,352 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in Allison Transmission by 128.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock valued at $115,498,000 after buying an additional 683,035 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Price Performance

Allison Transmission stock opened at $119.00 on Monday. The firm has a market capitalization of $9.90 billion, a PE ratio of 14.58, a P/E/G ratio of 1.24 and a beta of 0.97. Allison Transmission has a 52 week low of $76.01 and a 52 week high of $119.48. The firm’s 50-day simple moving average is $107.54 and its 200 day simple moving average is $93.77. The company has a quick ratio of 3.06, a current ratio of 3.82 and a debt-to-equity ratio of 1.30.

Allison Transmission Company Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.