Allison Transmission (NYSE: ALSN) has recently received a number of price target changes and ratings updates:
- 11/2/2018 – Allison Transmission had its price target lowered by analysts at Citigroup Inc from $55.00 to $53.00. They now have a “buy” rating on the stock.
- 10/31/2018 – Allison Transmission was given a new $55.00 price target on by analysts at Mizuho. They now have a “buy” rating on the stock.
- 10/29/2018 – Allison Transmission was given a new $50.00 price target on by analysts at Oppenheimer Holdings Inc.. They now have a “buy” rating on the stock.
- 10/24/2018 – Allison Transmission was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
- 10/11/2018 – Allison Transmission was given a new $50.00 price target on by analysts at Buckingham Research. They now have a “hold” rating on the stock.
ALSN traded up $0.48 on Wednesday, hitting $46.85. The company had a trading volume of 46,851 shares, compared to its average volume of 1,609,928. The firm has a market cap of $5.79 billion, a P/E ratio of 17.61, a P/E/G ratio of 0.97 and a beta of 1.43. Allison Transmission Holdings Inc has a 12-month low of $37.41 and a 12-month high of $53.76. The company has a current ratio of 1.71, a quick ratio of 1.33 and a debt-to-equity ratio of 3.69.
Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Monday, October 29th. The auto parts company reported $1.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.17. The company had revenue of $692.00 million during the quarter, compared to analyst estimates of $656.52 million. Allison Transmission had a return on equity of 90.71% and a net margin of 26.64%. The firm’s revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the business posted $0.75 earnings per share. On average, research analysts forecast that Allison Transmission Holdings Inc will post 4.61 earnings per share for the current fiscal year.
In other Allison Transmission news, VP Eric C. Scroggins sold 4,470 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $51.20, for a total transaction of $228,864.00. Following the completion of the transaction, the vice president now owns 23,423 shares in the company, valued at $1,199,257.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David S. Graziosi sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $48.52, for a total value of $242,600.00. Following the transaction, the chief executive officer now owns 196,921 shares of the company’s stock, valued at approximately $9,554,606.92. The disclosure for this sale can be found here. Insiders have sold 388,664 shares of company stock valued at $20,046,606 in the last 90 days. Company insiders own 8.40% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in ALSN. Townsend & Associates Inc purchased a new stake in shares of Allison Transmission in the second quarter valued at approximately $111,000. Sun Life Financial INC purchased a new stake in shares of Allison Transmission in the second quarter valued at approximately $115,000. Moneta Group Investment Advisors LLC boosted its holdings in shares of Allison Transmission by 96.4% in the second quarter. Moneta Group Investment Advisors LLC now owns 4,095 shares of the auto parts company’s stock valued at $166,000 after purchasing an additional 2,010 shares during the period. Sigma Planning Corp purchased a new stake in shares of Allison Transmission in the second quarter valued at approximately $232,000. Finally, Murphy Capital Management Inc. purchased a new stake in shares of Allison Transmission in the second quarter valued at approximately $249,000.
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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