Morgan Stanley Increases Allison Transmission (NYSE:ALSN) Price Target to $112.00

Allison Transmission (NYSE:ALSN) had its price target increased by investment analysts at Morgan Stanley from $110.00 to $112.00 in a research note issued on Tuesday,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 2.22% from the company’s current price.

ALSN has been the topic of several other research reports. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Oppenheimer lifted their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group lifted their price target on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 12th. Bank of America lifted their price target on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird lifted their price objective on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Allison Transmission currently has an average rating of “Hold” and an average target price of $102.63.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $114.54 on Tuesday. The firm has a market cap of $9.92 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 2.03 and a beta of 0.98. The business has a 50 day moving average price of $110.57 and a two-hundred day moving average price of $93.23. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. Allison Transmission has a fifty-two week low of $55.19 and a fifty-two week high of $122.53.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.01 by $0.26. The company had revenue of $824.00 million during the quarter, compared to analyst estimates of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.76 EPS. Sell-side analysts expect that Allison Transmission will post 8.21 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Thomas Eifert sold 1,741 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the transaction, the vice president now owns 9,601 shares of the company’s stock, valued at $960,100. This represents a 15.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David S. Graziosi sold 11,590 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $119.44, for a total value of $1,384,309.60. Following the completion of the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,165,413.52. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,380 shares of company stock worth $2,830,837. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

Several hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its stake in Allison Transmission by 46.8% during the 3rd quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock worth $24,955,000 after buying an additional 79,745 shares during the period. Tri Ri Asset Management Corp acquired a new stake in Allison Transmission during the 3rd quarter worth $5,932,000. Wilmington Savings Fund Society FSB acquired a new stake in Allison Transmission during the 3rd quarter worth $67,000. World Investment Advisors LLC acquired a new stake in Allison Transmission during the 3rd quarter worth $29,000. Finally, Sanctuary Advisors LLC raised its stake in shares of Allison Transmission by 88.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 200,997 shares of the auto parts company’s stock valued at $19,310,000 after purchasing an additional 94,229 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.