Allison Transmission Holdings Inc (NYSE:ALSN) has been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $46.42.

ALSN has been the topic of several analyst reports. ValuEngine upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Bank of America increased their price target on shares of Allison Transmission from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 31st. Buckingham Research set a $50.00 price target on shares of Allison Transmission and gave the stock a “hold” rating in a research note on Thursday, October 11th. Zacks Investment Research lowered shares of Allison Transmission from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. Finally, Mizuho initiated coverage on shares of Allison Transmission in a research note on Friday, June 29th. They set a “buy” rating and a $50.00 price target on the stock.

ALSN stock opened at $49.92 on Friday. Allison Transmission has a 12-month low of $37.20 and a 12-month high of $53.76. The company has a debt-to-equity ratio of 4.19, a current ratio of 1.43 and a quick ratio of 1.05. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 1.17 and a beta of 1.26.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Monday, July 30th. The auto parts company reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.29. Allison Transmission had a net margin of 25.46% and a return on equity of 86.52%. The company had revenue of $711.00 million for the quarter, compared to analyst estimates of $655.33 million. During the same quarter in the prior year, the business posted $0.63 EPS. Allison Transmission’s quarterly revenue was up 22.6% on a year-over-year basis. On average, research analysts expect that Allison Transmission will post 4.43 earnings per share for the current fiscal year.

In related news, Director Lawrence E. Dewey sold 111,459 shares of the firm’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $51.77, for a total value of $5,770,232.43. Following the transaction, the director now directly owns 400,133 shares in the company, valued at approximately $20,714,885.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lawrence E. Dewey sold 262,795 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $51.61, for a total transaction of $13,562,849.95. Following the completion of the transaction, the director now owns 479,870 shares in the company, valued at $24,766,090.70. The disclosure for this sale can be found here. Insiders sold a total of 393,604 shares of company stock worth $20,280,466 over the last quarter. 8.40% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of ALSN. Townsend & Associates Inc acquired a new position in Allison Transmission in the 2nd quarter valued at $111,000. Sun Life Financial INC acquired a new position in Allison Transmission in the 2nd quarter valued at $115,000. Moneta Group Investment Advisors LLC grew its stake in Allison Transmission by 96.4% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 4,095 shares of the auto parts company’s stock valued at $166,000 after buying an additional 2,010 shares during the last quarter. Sigma Planning Corp acquired a new stake in Allison Transmission in the 2nd quarter worth $232,000. Finally, Murphy Capital Management Inc. acquired a new stake in Allison Transmission in the 2nd quarter worth $249,000.

About Allison Transmission

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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Analyst Recommendations for Allison Transmission (NYSE:ALSN)

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