Stifel Nicolaus Analysts Give Allison Transmission Holdings Inc (ALSN) a $41.00 Price Target
Allison Transmission Holdings Inc (NYSE:ALSN) has been given a $41.00 price target by analysts at Stifel Nicolaus in a report released on Thursday, August 3rd. The firm presently has a “hold” rating on the auto parts company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 7.87% from the company’s current price.
Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Allison Transmission Holdings in a research report on Friday, July 7th. BidaskClub raised Allison Transmission Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Deutsche Bank AG upped their target price on Allison Transmission Holdings from $43.00 to $44.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Zacks Investment Research cut Allison Transmission Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Finally, Seaport Global Securities started coverage on Allison Transmission Holdings in a research report on Thursday, April 6th. They set a “neutral” rating for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $40.56.
Allison Transmission Holdings (ALSN) traded down 2.13% on Thursday, hitting $37.20. 686,612 shares of the stock were exchanged. The company’s 50 day moving average price is $37.70 and its 200-day moving average price is $37.00. The company has a market cap of $5.54 billion and a P/E ratio of 21.12. Allison Transmission Holdings has a one year low of $26.74 and a one year high of $40.25.
Allison Transmission Holdings (NYSE:ALSN) last announced its earnings results on Monday, July 31st. The auto parts company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.16. The firm had revenue of $580 million during the quarter, compared to analysts’ expectations of $515.03 million. Allison Transmission Holdings had a return on equity of 36.64% and a net margin of 16.63%. The company’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 earnings per share. Equities research analysts predict that Allison Transmission Holdings will post $2.11 EPS for the current fiscal year.
In other news, CFO David S. Graziosi sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $38.19, for a total value of $1,909,500.00. Following the completion of the sale, the chief financial officer now directly owns 244,123 shares of the company’s stock, valued at $9,323,057.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Randall R. Kirk sold 7,222 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $38.73, for a total value of $279,708.06. Following the completion of the sale, the senior vice president now directly owns 75,212 shares of the company’s stock, valued at $2,912,960.76. The disclosure for this sale can be found here. Insiders sold 132,584 shares of company stock valued at $5,126,514 over the last three months.
About Allison Transmission Holdings
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 United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
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