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

Allison Transmission (NYSE:ALSN) had its price target raised by equities researchers at Citigroup from $110.00 to $130.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the auto parts company’s stock. Citigroup’s target price suggests a potential upside of 5.24% from the stock’s current price.

Several other equities research analysts also recently issued reports on ALSN. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 11th. Wells Fargo & Company upped their price target on shares of Allison Transmission from $85.00 to $98.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Oppenheimer increased their price target on Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday. JPMorgan Chase & Co. increased their target price on Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Finally, Morgan Stanley lifted their price objective on Allison Transmission from $97.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $107.89.

Allison Transmission Trading Up 1.3%

Allison Transmission stock traded up $1.53 during mid-day trading on Wednesday, hitting $123.52. The company’s stock had a trading volume of 678,776 shares, compared to its average volume of 849,343. The stock’s fifty day moving average is $108.36 and its two-hundred day moving average is $94.22. Allison Transmission has a 1 year low of $76.01 and a 1 year high of $125.66. The company has a current ratio of 3.82, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $10.28 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 1.22 and a beta of 0.97.

Insider Buying and Selling

In other Allison Transmission 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 transaction, the senior vice president owned 10,021 shares of the company’s stock, valued at $989,974.59. This trade represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Allison Transmission

Several large investors have recently made changes to their positions in ALSN. Jane Street Group LLC raised its holdings in shares of Allison Transmission by 341.3% during the 1st quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock valued at $27,617,000 after buying an additional 223,253 shares during the period. Goldman Sachs Group Inc. raised its holdings in Allison Transmission by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock valued at $20,560,000 after acquiring an additional 11,542 shares in the last quarter. Focus Partners Advisor Solutions LLC boosted its stake in Allison Transmission by 145.6% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 5,644 shares of the auto parts company’s stock valued at $536,000 after acquiring an additional 3,346 shares during the last quarter. Brighton Jones LLC bought a new position in Allison Transmission during the 2nd quarter valued at $231,000. Finally, Nisa Investment Advisors LLC grew its holdings in Allison Transmission by 5.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 34,127 shares of the auto parts company’s stock worth $3,242,000 after acquiring an additional 1,718 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

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.