Allison Transmission Holdings Inc (ALSN) Receives $46.42 Average Price Target from Brokerages
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.
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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