Allison Transmission Holdings, Inc. (NYSE:ALSN) Given Average Rating of “Hold” by Brokerages

Allison Transmission Holdings, Inc. (NYSE:ALSNGet Rating) has earned a consensus recommendation of “Hold” from the nine analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $39.00.

Several analysts have recently weighed in on the company. Credit Suisse Group downgraded Allison Transmission from an “outperform” rating to a “neutral” rating and set a $48.00 target price for the company. in a research report on Tuesday, February 22nd. The Goldman Sachs Group lifted their price objective on Allison Transmission from $35.00 to $38.00 in a report on Thursday, February 17th. StockNews.com assumed coverage on Allison Transmission in a report on Thursday, March 31st. They issued a “buy” rating for the company. Citigroup decreased their price objective on Allison Transmission from $41.00 to $39.00 in a report on Tuesday, April 12th. Finally, Morgan Stanley lifted their price objective on Allison Transmission from $31.00 to $32.00 and gave the company an “underweight” rating in a report on Tuesday, April 5th.

NYSE:ALSN opened at $41.18 on Tuesday. Allison Transmission has a twelve month low of $32.55 and a twelve month high of $42.99. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 1.14 and a beta of 0.95. The stock has a fifty day simple moving average of $38.02 and a 200-day simple moving average of $38.09. The company has a current ratio of 1.52, a quick ratio of 1.09 and a debt-to-equity ratio of 3.69.

Allison Transmission (NYSE:ALSNGet Rating) last released its earnings results on Wednesday, April 27th. The auto parts company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.14. Allison Transmission had a return on equity of 65.55% and a net margin of 18.10%. During the same quarter in the prior year, the business earned $1.07 earnings per share. As a group, equities research analysts predict that Allison Transmission will post 5.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 27th. Shareholders of record on Monday, May 16th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, May 13th. This represents a $0.84 dividend on an annualized basis and a yield of 2.04%. Allison Transmission’s dividend payout ratio is presently 19.31%.

A number of institutional investors have recently made changes to their positions in ALSN. Point72 Hong Kong Ltd bought a new position in Allison Transmission in the third quarter worth about $38,000. First Horizon Advisors Inc. raised its holdings in Allison Transmission by 68.3% in the fourth quarter. First Horizon Advisors Inc. now owns 1,220 shares of the auto parts company’s stock worth $44,000 after purchasing an additional 495 shares in the last quarter. Fieldpoint Private Securities LLC raised its holdings in Allison Transmission by 40.2% in the fourth quarter. Fieldpoint Private Securities LLC now owns 1,235 shares of the auto parts company’s stock worth $45,000 after purchasing an additional 354 shares in the last quarter. UMB Bank N A MO bought a new position in Allison Transmission in the fourth quarter worth about $50,000. Finally, Canada Pension Plan Investment Board raised its holdings in Allison Transmission by 157.4% in the first quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the auto parts company’s stock worth $51,000 after purchasing an additional 795 shares in the last quarter.

Allison Transmission Company Profile (Get Rating)

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 transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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