Allison Transmission (ALSN) PT Set at $50.00 by Buckingham Research

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Allison Transmission (NYSE:ALSN) has been given a $50.00 price target by stock analysts at Buckingham Research in a report released on Thursday. The firm presently has a “hold” rating on the auto parts company’s stock. Buckingham Research’s price objective would indicate a potential upside of 1.75% from the company’s current price.

A number of other analysts have also recently weighed in on ALSN. Mizuho started coverage on Allison Transmission in a research report on Friday, June 29th. They issued a “buy” rating and a $50.00 price target on the stock. Zacks Investment Research cut Allison Transmission from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. Piper Jaffray Companies set a $26.00 price target on Allison Transmission and gave the company a “sell” rating in a research report on Tuesday, July 31st. Bank of America upped their price target on Allison Transmission from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday, July 31st. Finally, ValuEngine upgraded Allison Transmission from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Allison Transmission currently has a consensus rating of “Hold” and an average target price of $46.42.

Shares of NYSE:ALSN opened at $49.14 on Thursday. Allison Transmission has a fifty-two week low of $36.92 and a fifty-two week high of $53.76. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.17 and a beta of 1.26. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 4.19.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Monday, July 30th. The auto parts company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.29. Allison Transmission had a return on equity of 86.52% and a net margin of 25.46%. The firm had revenue of $711.00 million for the quarter, compared to analysts’ expectations of $655.33 million. During the same period in the prior year, the business posted $0.63 earnings per share. The business’s revenue was up 22.6% compared to the same quarter last year. As a group, research analysts predict that Allison Transmission will post 4.43 EPS for the current fiscal year.

In other news, VP Eric C. Scroggins sold 4,940 shares of the stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $47.34, for a total transaction of $233,859.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David S. Graziosi sold 5,000 shares of the stock in a transaction on Monday, August 20th. The stock was sold at an average price of $48.52, for a total value of $242,600.00. Following the sale, the chief executive officer now owns 196,921 shares in the company, valued at approximately $9,554,606.92. The disclosure for this sale can be found here. Insiders have sold 393,604 shares of company stock worth $20,280,466 in the last 90 days. Company insiders own 8.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in ALSN. Schroder Investment Management Group lifted its stake in shares of Allison Transmission by 49.8% during the second quarter. Schroder Investment Management Group now owns 3,725,693 shares of the auto parts company’s stock valued at $179,746,000 after acquiring an additional 1,238,955 shares during the period. BlackRock Inc. lifted its stake in shares of Allison Transmission by 19.3% during the second quarter. BlackRock Inc. now owns 7,225,286 shares of the auto parts company’s stock valued at $292,550,000 after acquiring an additional 1,169,447 shares during the period. LSV Asset Management lifted its stake in shares of Allison Transmission by 60.8% during the second quarter. LSV Asset Management now owns 2,922,631 shares of the auto parts company’s stock valued at $118,337,000 after acquiring an additional 1,104,587 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Allison Transmission by 83.5% during the second quarter. Wells Fargo & Company MN now owns 1,029,286 shares of the auto parts company’s stock valued at $41,676,000 after acquiring an additional 468,387 shares during the period. Finally, CIBC World Markets Inc. acquired a new position in shares of Allison Transmission during the second quarter valued at $17,515,000.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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Analyst Recommendations for Allison Transmission (NYSE:ALSN)

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