Allison Transmission (NYSE:ALSN) Price Target Increased to $63.00 by Analysts at The Goldman Sachs Group

Allison Transmission (NYSE:ALSN) had its target price upped by equities researchers at The Goldman Sachs Group from $55.00 to $63.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “sell” rating on the auto parts company’s stock. The Goldman Sachs Group’s target price would suggest a potential downside of 21.03% from the stock’s current price.

ALSN has been the topic of several other reports. JPMorgan Chase & Co. upped their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday. Oppenheimer upped their target price on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 14th. Robert W. Baird upped their target price on shares of Allison Transmission from $63.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, Morgan Stanley started coverage on shares of Allison Transmission in a research report on Monday, January 8th. They set an “equal weight” rating and a $62.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $65.88.

Allison Transmission Trading Down 0.6 %

Shares of Allison Transmission stock opened at $79.78 on Tuesday. Allison Transmission has a 52-week low of $44.68 and a 52-week high of $83.42. The company has a quick ratio of 1.94, a current ratio of 2.49 and a debt-to-equity ratio of 2.03. The company’s 50-day simple moving average is $76.01 and its 200-day simple moving average is $63.40. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 1.50 and a beta of 1.03.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Tuesday, February 13th. The auto parts company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.49. Allison Transmission had a net margin of 22.17% and a return on equity of 60.35%. The firm had revenue of $775.00 million for the quarter, compared to the consensus estimate of $744.00 million. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts anticipate that Allison Transmission will post 7.72 earnings per share for the current year.

Insider Activity

In other news, VP Ryan A. Milburn sold 2,598 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $75.40, for a total value of $195,889.20. Following the sale, the vice president now directly owns 14,456 shares in the company, valued at $1,089,982.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO David S. Graziosi sold 76,318 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the sale, the chief executive officer now owns 125,479 shares in the company, valued at $8,855,053.03. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ryan A. Milburn sold 2,598 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $75.40, for a total transaction of $195,889.20. Following the sale, the vice president now owns 14,456 shares in the company, valued at approximately $1,089,982.40. The disclosure for this sale can be found here. Insiders have sold 87,843 shares of company stock worth $6,244,562 over the last ninety days. 0.93% of the stock is currently owned by insiders.

Institutional Trading of Allison Transmission

A number of hedge funds have recently bought and sold shares of ALSN. ICA Group Wealth Management LLC acquired a new stake in Allison Transmission during the fourth quarter worth approximately $25,000. Global Retirement Partners LLC raised its stake in Allison Transmission by 1,706.7% during the third quarter. Global Retirement Partners LLC now owns 542 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 512 shares during the period. SRS Capital Advisors Inc. raised its stake in Allison Transmission by 256.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock worth $34,000 after purchasing an additional 426 shares during the period. Loomis Sayles & Co. L P raised its stake in Allison Transmission by 222.5% during the third quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 416 shares during the period. Finally, Quent Capital LLC raised its stake in Allison Transmission by 42.3% during the fourth quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock worth $41,000 after purchasing an additional 210 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Company Profile

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.