Allison Transmission (NYSE:ALSN) Coverage Initiated at Citigroup

Equities researchers at Citigroup began coverage on shares of Allison Transmission (NYSE:ALSN) in a research note issued on Wednesday, Marketbeat reports. The brokerage set a “neutral” rating and a $80.00 price target on the auto parts company’s stock. Citigroup’s target price would indicate a potential upside of 7.69% from the stock’s previous close.

Several other analysts have also issued reports on ALSN. Oppenheimer upped their target price on shares of Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 7th. JPMorgan Chase & Co. boosted their target price on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. The Goldman Sachs Group raised their price target on Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research report on Tuesday, April 16th. Finally, Robert W. Baird boosted their price objective on Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $73.86.

Allison Transmission Trading Up 0.1 %

Allison Transmission stock opened at $74.29 on Wednesday. Allison Transmission has a 12 month low of $50.13 and a 12 month high of $83.42. The firm has a market cap of $6.50 billion, a PE ratio of 9.92, a P/E/G ratio of 1.40 and a beta of 1.02. The stock’s 50 day simple moving average is $75.31 and its two-hundred day simple moving average is $70.51. The company has a current ratio of 2.51, a quick ratio of 1.95 and a debt-to-equity ratio of 1.79.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The business had revenue of $789.00 million during the quarter, compared to the consensus estimate of $772.37 million. During the same quarter last year, the firm earned $1.85 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. Analysts anticipate that Allison Transmission will post 7.56 earnings per share for the current year.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $74.48, for a total transaction of $940,235.52. Following the completion of the transaction, the vice president now owns 4,624 shares in the company, valued at approximately $344,395.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Allison Transmission

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SRS Capital Advisors Inc. boosted its holdings in shares of Allison Transmission by 256.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock valued at $34,000 after buying an additional 426 shares in the last quarter. Quent Capital LLC boosted its stake in Allison Transmission by 42.3% in the fourth quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after acquiring an additional 210 shares in the last quarter. TFO Wealth Partners LLC grew its holdings in shares of Allison Transmission by 8,975.0% during the fourth quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 718 shares during the last quarter. Headlands Technologies LLC increased its position in shares of Allison Transmission by 237.4% during the fourth quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock worth $65,000 after purchasing an additional 781 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Allison Transmission by 20.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock valued at $71,000 after purchasing an additional 212 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

About Allison Transmission

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.