Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives $95.13 Consensus Price Target from Brokerages

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have received an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $95.1250.

Several analysts have commented on ALSN shares. Zacks Research raised shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Weiss Ratings lowered Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Wells Fargo & Company initiated coverage on Allison Transmission in a research note on Thursday, November 13th. They set an “equal weight” rating and a $85.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on Allison Transmission from $90.00 to $87.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Finally, Citigroup upped their price objective on Allison Transmission from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, December 19th.

Institutional Investors Weigh In On Allison Transmission

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rossby Financial LCC grew its holdings in Allison Transmission by 107.0% during the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 153 shares during the period. Trust Co. of Toledo NA OH bought a new stake in Allison Transmission during the second quarter valued at approximately $28,000. WPG Advisers LLC purchased a new position in Allison Transmission in the 1st quarter worth approximately $34,000. Cullen Frost Bankers Inc. increased its position in shares of Allison Transmission by 3,108.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 373 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new position in shares of Allison Transmission during the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $98.97 on Friday. The stock’s 50 day moving average price is $89.20 and its 200 day moving average price is $88.81. The stock has a market cap of $8.24 billion, a price-to-earnings ratio of 12.13 and a beta of 0.99. Allison Transmission has a 12 month low of $76.01 and a 12 month high of $121.81. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.82 and a quick ratio of 3.06.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.32). Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The business had revenue of $693.00 million during the quarter, compared to analyst estimates of $779.97 million. During the same period in the previous year, the company posted $2.27 earnings per share. Allison Transmission’s revenue was down 15.9% compared to the same quarter last year. Equities research analysts anticipate that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Allison Transmission’s dividend payout ratio is 13.24%.

About Allison Transmission

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.