Allison Transmission (NYSE:ALSN) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Allison Transmission (NYSE:ALSN) had its target price increased by investment analysts at Morgan Stanley from $97.00 to $109.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the auto parts company’s stock. Morgan Stanley’s price target indicates a potential downside of 0.41% from the company’s previous close.

A number of other research firms have also weighed in on ALSN. Citigroup lifted their price objective on shares of Allison Transmission from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. JPMorgan Chase & Co. boosted their price target on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Raymond James Financial raised their price target on Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Monday, December 22nd. Wells Fargo & Company upped their price objective on shares of Allison Transmission from $85.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Allison Transmission in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Allison Transmission presently has a consensus rating of “Hold” and a consensus target price of $102.00.

Allison Transmission Trading Down 1.4%

NYSE ALSN traded down $1.59 during trading hours on Friday, hitting $109.45. 115,382 shares of the company’s stock were exchanged, compared to its average volume of 804,828. The stock has a 50-day simple moving average of $96.96 and a 200 day simple moving average of $90.12. The firm has a market cap of $9.11 billion, a price-to-earnings ratio of 13.41 and a beta of 0.98. The company has a current ratio of 3.82, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. Allison Transmission has a 1-year low of $76.01 and a 1-year high of $120.28.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.32). The business had revenue of $693.00 million for the quarter, compared to analyst estimates of $779.97 million. Allison Transmission had a return on equity of 40.46% and a net margin of 22.78%.The business’s quarterly revenue was down 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.27 EPS. On average, equities analysts forecast that Allison Transmission will post 9.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP John Coll sold 1,791 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total transaction of $176,932.89. Following the sale, the senior vice president owned 10,021 shares in the company, valued at $989,974.59. This represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

Several institutional investors have recently added to or reduced their stakes in ALSN. Rossby Financial LCC grew its position in Allison Transmission by 107.0% in the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 153 shares during the period. Trust Co. of Toledo NA OH purchased a new stake in Allison Transmission in the 2nd quarter worth $28,000. Cullen Frost Bankers Inc. grew its holdings in Allison Transmission by 3,108.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock valued at $37,000 after buying an additional 373 shares in the last quarter. Employees Retirement System of Texas purchased a new position in shares of Allison Transmission in the second quarter valued at $38,000. Finally, True Wealth Design LLC grew its stake in shares of Allison Transmission by 93.2% in the 3rd quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock worth $38,000 after buying an additional 218 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.