Deutsche Bank AG Analysts Give Allison Transmission Holdings, Inc. (ALSN) a $37.00 Price Target

Deutsche Bank AG set a $37.00 target price on Allison Transmission Holdings, Inc. (NYSE:ALSN) in a report issued on Wednesday. The brokerage currently has a sell rating on the auto parts company’s stock.

ALSN has been the topic of several other research reports. Buckingham Research began coverage on shares of Allison Transmission Holdings in a research note on Tuesday, September 5th. They issued a neutral rating and a $36.00 price objective on the stock. ValuEngine raised shares of Allison Transmission Holdings from a hold rating to a buy rating in a research note on Friday, September 1st. Piper Jaffray Companies reissued an underweight rating and issued a $25.00 price objective (down previously from $31.00) on shares of Allison Transmission Holdings in a research note on Wednesday, August 30th. BidaskClub raised shares of Allison Transmission Holdings from a hold rating to a buy rating in a research note on Saturday, October 21st. Finally, Stifel Nicolaus reissued a hold rating and issued a $40.00 price objective on shares of Allison Transmission Holdings in a research note on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $43.40.

Shares of Allison Transmission Holdings (ALSN) opened at $43.68 on Wednesday. The company has a current ratio of 1.50, a quick ratio of 0.96 and a debt-to-equity ratio of 4.57. The company has a market cap of $6.25 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 1.81 and a beta of 1.24.

Allison Transmission Holdings (NYSE:ALSN) last announced its quarterly earnings results on Monday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.27. Allison Transmission Holdings had a net margin of 16.34% and a return on equity of 45.65%. The company had revenue of $595.00 million during the quarter, compared to the consensus estimate of $533.53 million. During the same period in the prior year, the business earned $0.27 earnings per share. The company’s revenue for the quarter was up 37.1% compared to the same quarter last year. research analysts anticipate that Allison Transmission Holdings will post 2.43 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This report was originally published by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.com-unik.info/2017/11/04/deutsche-bank-ag-analysts-give-allison-transmission-holdings-inc-alsn-a-37-00-price-target.html.

In other Allison Transmission Holdings news, CFO David S. Graziosi sold 39,264 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $37.23, for a total transaction of $1,461,798.72. Following the sale, the chief financial officer now owns 233,387 shares of the company’s stock, valued at $8,688,998.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Randall R. Kirk sold 7,541 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $34.27, for a total transaction of $258,430.07. Following the sale, the senior vice president now directly owns 84,494 shares in the company, valued at approximately $2,895,609.38. The disclosure for this sale can be found here. Corporate insiders own 7.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ALSN. TIAA CREF Investment Management LLC raised its holdings in shares of Allison Transmission Holdings by 37.9% during the second quarter. TIAA CREF Investment Management LLC now owns 1,630,598 shares of the auto parts company’s stock valued at $61,164,000 after purchasing an additional 448,541 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Allison Transmission Holdings by 751.1% during the second quarter. Ameriprise Financial Inc. now owns 56,578 shares of the auto parts company’s stock valued at $2,121,000 after purchasing an additional 49,930 shares during the period. Standard Life Investments LTD raised its holdings in shares of Allison Transmission Holdings by 15.9% during the second quarter. Standard Life Investments LTD now owns 3,682,743 shares of the auto parts company’s stock valued at $138,158,000 after purchasing an additional 504,518 shares during the period. Nationwide Fund Advisors raised its holdings in shares of Allison Transmission Holdings by 50.4% during the second quarter. Nationwide Fund Advisors now owns 483,692 shares of the auto parts company’s stock valued at $18,143,000 after purchasing an additional 162,096 shares during the period. Finally, Amalgamated Bank raised its holdings in shares of Allison Transmission Holdings by 27.8% during the second quarter. Amalgamated Bank now owns 25,986 shares of the auto parts company’s stock valued at $975,000 after purchasing an additional 5,659 shares during the period.

About Allison Transmission Holdings

Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).

Analyst Recommendations for Allison Transmission Holdings (NYSE:ALSN)

What are top analysts saying about Allison Transmission Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Allison Transmission Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit