JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Allison Transmission (NYSE:ALSN) Stock

Allison Transmission (NYSE:ALSN) had its target price raised by analysts at JPMorgan Chase & Co. from $87.00 to $115.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 6.66% from the stock’s current price.

A number of other research analysts have also issued reports on the stock. Zacks Research upgraded shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Citigroup upped their target price on Allison Transmission from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday. Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Wells Fargo & Company initiated coverage on Allison Transmission in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $85.00 price target for the company. Finally, Raymond James Financial increased their price objective on shares of Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Allison Transmission has an average rating of “Hold” and an average price target of $99.25.

Allison Transmission Stock Performance

Shares of NYSE ALSN traded up $1.86 during trading hours on Wednesday, reaching $107.82. 487,910 shares of the stock were exchanged, compared to its average volume of 752,634. The firm has a market capitalization of $8.97 billion, a price-to-earnings ratio of 13.21 and a beta of 0.98. The stock’s fifty day simple moving average is $92.99 and its 200 day simple moving average is $89.37. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.82. Allison Transmission has a 52 week low of $76.01 and a 52 week high of $121.81.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.32). The firm had revenue of $693.00 million during the quarter, compared to the consensus estimate of $779.97 million. Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.27 earnings per share. Sell-side analysts predict that Allison Transmission will post 9.06 EPS for the current year.

Insider Buying and Selling at Allison Transmission

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ALSN. Signaturefd LLC boosted its position in shares of Allison Transmission by 38.7% during the second quarter. Signaturefd LLC now owns 853 shares of the auto parts company’s stock valued at $81,000 after buying an additional 238 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Allison Transmission by 2,937.4% in the second quarter. Mackenzie Financial Corp now owns 185,345 shares of the auto parts company’s stock valued at $17,606,000 after purchasing an additional 179,243 shares during the last quarter. Arcus Capital Partners LLC bought a new position in shares of Allison Transmission during the second quarter valued at about $381,000. Pallas Capital Advisors LLC boosted its holdings in Allison Transmission by 146.3% during the second quarter. Pallas Capital Advisors LLC now owns 10,433 shares of the auto parts company’s stock worth $991,000 after purchasing an additional 6,197 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Allison Transmission during the 2nd quarter worth approximately $1,041,000. Institutional investors own 96.90% of the company’s stock.

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.