Brokerages Set Allison Transmission Holdings Inc (ALSN) Price Target at $34.00
Allison Transmission Holdings Inc (NASDAQ:ALSN) has been assigned a consensus rating of “Buy” from the ten brokerages that are covering the company. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $34.00.
ALSN has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Allison Transmission Holdings from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Thursday, October 27th. J P Morgan Chase & Co upgraded shares of Allison Transmission Holdings from a “neutral” rating to an “overweight” rating in a report on Friday, December 9th. Piper Jaffray Companies downgraded shares of Allison Transmission Holdings from a “neutral” rating to an “underweight” rating and upped their price target for the stock from $28.00 to $30.00 in a report on Friday, December 9th. Macquarie began coverage on shares of Allison Transmission Holdings in a report on Tuesday, December 13th. They set a “neutral” rating for the company. Finally, Citigroup Inc. upgraded shares of Allison Transmission Holdings from a “neutral” rating to a “buy” rating in a report on Tuesday, January 24th.
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In other news, CFO David S. Graziosi sold 26,969 shares of the company’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $33.42, for a total transaction of $901,303.98. Following the completion of the transaction, the chief financial officer now directly owns 193,861 shares in the company, valued at $6,478,834.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Valueact Capital Master Fund, sold 4,300,000 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $31.96, for a total transaction of $137,428,000.00. The disclosure for this sale can be found here. Insiders have sold 4,611,313 shares of company stock valued at $148,667,424 over the last quarter.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Castleark Management LLC bought a new position in shares of Allison Transmission Holdings during the fourth quarter valued at about $3,274,000. Barings LLC increased its position in shares of Allison Transmission Holdings by 7.6% in the fourth quarter. Barings LLC now owns 93,050 shares of the company’s stock valued at $3,135,000 after buying an additional 6,600 shares during the period. Cigna Investments Inc. New bought a new position in shares of Allison Transmission Holdings during the fourth quarter valued at about $1,888,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Allison Transmission Holdings by 432.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,632 shares of the company’s stock valued at $224,000 after buying an additional 5,387 shares during the period. Finally, Seven Eight Capital LP bought a new position in shares of Allison Transmission Holdings during the fourth quarter valued at about $1,639,000.
Shares of Allison Transmission Holdings (NASDAQ:ALSN) opened at 37.30 on Friday. The firm has a market cap of $6.17 billion and a P/E ratio of 29.37. Allison Transmission Holdings has a 52 week low of $21.58 and a 52 week high of $38.17. The company’s 50-day moving average price is $34.95 and its 200 day moving average price is $30.97.
Allison Transmission Holdings (NASDAQ:ALSN) last announced its quarterly earnings data on Monday, February 6th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.27 by $0.09. The firm had revenue of $469 million for the quarter, compared to analyst estimates of $429.58 million. During the same quarter in the prior year, the firm earned $0.76 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities analysts anticipate that Allison Transmission Holdings will post $1.52 earnings per share for the current year.
Allison Transmission Holdings Company Profile
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles and medium-and heavy-tactical the United States defense vehicles. The Company operates through manufacture and distribution of fully-automatic transmissions segment.
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