Allison Transmission (NYSE:ALSN) Rating Increased to Strong-Buy at StockNews.com

Allison Transmission (NYSE:ALSNGet Free Report) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

Several other analysts have also recently weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research note on Tuesday, April 16th. Oppenheimer lifted their price objective on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Robert W. Baird lifted their price objective on shares of Allison Transmission from $84.00 to $87.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $71.71.

View Our Latest Stock Report on Allison Transmission

Allison Transmission Stock Performance

Shares of ALSN stock opened at $73.06 on Friday. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 1.38 and a beta of 1.02. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.95 and a current ratio of 2.51. The company has a 50-day simple moving average of $77.41 and a 200 day simple moving average of $68.40. Allison Transmission has a 52 week low of $50.13 and a 52 week high of $83.42.

Allison Transmission (NYSE:ALSNGet Free Report) last announced its earnings results on Thursday, April 25th. The auto parts company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.89 by $0.01. The business had revenue of $789.00 million during the quarter, compared to the consensus estimate of $772.37 million. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. Allison Transmission’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.85 EPS. On average, sell-side analysts predict that Allison Transmission will post 7.56 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Rafael Basso sold 12,624 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $74.48, for a total value of $940,235.52. Following the sale, the vice president now directly owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ALSN. Norges Bank bought a new position in Allison Transmission during the fourth quarter worth $56,334,000. Federated Hermes Inc. raised its holdings in Allison Transmission by 62.5% during the third quarter. Federated Hermes Inc. now owns 799,312 shares of the auto parts company’s stock worth $47,207,000 after buying an additional 307,322 shares during the last quarter. Vision One Management Partners LP acquired a new position in Allison Transmission during the fourth quarter worth $17,848,000. Prevatt Capital Ltd acquired a new position in Allison Transmission during the fourth quarter worth $14,538,000. Finally, Invesco Ltd. raised its holdings in Allison Transmission by 17.8% during the third quarter. Invesco Ltd. now owns 1,477,554 shares of the auto parts company’s stock worth $87,264,000 after buying an additional 222,863 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Allison Transmission Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Allison Transmission (NYSE:ALSN)

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