Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives $102.00 Average Price Target from Analysts

Allison Transmission Holdings, Inc. (NYSE:ALSN) has received an average recommendation of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $102.00.

A number of research analysts recently weighed in on ALSN shares. Citigroup raised their target price on shares of Allison Transmission from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. raised their price objective on Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Zacks Research raised Allison Transmission from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Raymond James Financial increased 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. Finally, Wells Fargo & Company boosted their price target on Allison Transmission from $85.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 1,791 shares of the company’s stock in a transaction 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 directly owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. This represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Rossby Financial LCC grew its holdings in Allison Transmission by 107.0% during the third 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. Larson Financial Group LLC boosted its stake in shares of Allison Transmission by 536.7% during the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 263 shares during the period. Transamerica Financial Advisors LLC increased its holdings in shares of Allison Transmission by 2,112.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock worth $35,000 after acquiring an additional 338 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in Allison Transmission by 3,108.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock valued at $37,000 after acquiring an additional 373 shares during the period. Finally, Employees Retirement System of Texas acquired a new stake in Allison Transmission during the 2nd quarter valued at $38,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Stock Down 0.4%

NYSE:ALSN opened at $117.03 on Monday. The stock has a 50-day simple moving average of $106.78 and a 200 day simple moving average of $93.29. Allison Transmission has a 52-week low of $76.01 and a 52-week high of $119.45. The company has a market cap of $9.74 billion, a PE ratio of 14.34, a PEG ratio of 1.22 and a beta of 0.97. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.82.

Allison Transmission Company Profile

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.