Allison Transmission Holdings, Inc. (ALSN) Stock Rating Upgraded by Zacks Investment Research

Allison Transmission Holdings, Inc. (NYSE:ALSN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The brokerage presently has a $49.00 price target on the auto parts company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.18% from the company’s current price.

According to Zacks, “Allison Transmission Holdings, Inc. is engaged in the manufacturing of fully-automatic transmissions for medium- and heavy-duty commercial vehicles, medium- and heavy-tactical U.S. military vehicles and hybrid-propulsion systems for transit buses. The Company’s products are used in a variety of applications including on-highway trucks, buses, motorhomes, off-highway vehicles and equipment and military vehicles. Allison Transmission Holdings, Inc. is headquartered in Indianapolis, Indiana. “

A number of other research firms have also commented on ALSN. J P Morgan Chase & Co raised their price objective on shares of Allison Transmission Holdings from $39.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Stifel Nicolaus increased their target price on shares of Allison Transmission Holdings from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Wednesday. Piper Jaffray Companies set a $26.00 target price on shares of Allison Transmission Holdings and gave the stock a “sell” rating in a research report on Wednesday. Robert W. Baird reiterated a “buy” rating and issued a $52.00 target price on shares of Allison Transmission Holdings in a research report on Wednesday. Finally, Deutsche Bank AG set a $37.00 target price on shares of Allison Transmission Holdings and gave the stock a “sell” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $43.40.

Allison Transmission Holdings (NYSE ALSN) opened at $43.68 on Friday. Allison Transmission Holdings has a 52 week low of $28.29 and a 52 week high of $45.69. The company has a debt-to-equity ratio of 4.57, a current ratio of 1.50 and a quick ratio of 0.96. The company has a market cap of $6,192.12, a P/E ratio of 19.33, a P/E/G ratio of 1.80 and a beta of 1.24.

Allison Transmission Holdings (NYSE:ALSN) last posted its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $595.00 million during the quarter, compared to analyst estimates of $533.53 million. During the same quarter last year, the business posted $0.27 EPS. The company’s revenue was up 37.1% on a year-over-year basis. analysts forecast that Allison Transmission Holdings will post 2.43 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This story was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.com-unik.info/2017/11/05/allison-transmission-holdings-inc-alsn-stock-rating-upgraded-by-zacks-investment-research.html.

In other news, SVP Randall R. Kirk sold 7,541 shares of the firm’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 transaction, the senior vice president now owns 84,494 shares in the company, valued at approximately $2,895,609.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David S. Graziosi sold 39,264 shares of the firm’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 transaction, the chief financial officer now owns 233,387 shares in the company, valued at approximately $8,688,998.01. The disclosure for this sale can be found here. 7.90% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. USA Financial Portformulas Corp raised its holdings in shares of Allison Transmission Holdings by 1.7% during the 2nd quarter. USA Financial Portformulas Corp now owns 20,373 shares of the auto parts company’s stock valued at $764,000 after purchasing an additional 345 shares in the last quarter. EagleClaw Capital Managment LLC raised its holdings in shares of Allison Transmission Holdings by 5.1% during the 2nd quarter. EagleClaw Capital Managment LLC now owns 10,400 shares of the auto parts company’s stock valued at $390,000 after purchasing an additional 500 shares in the last quarter. C M Bidwell & Associates Ltd. raised its holdings in shares of Allison Transmission Holdings by 0.5% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 111,390 shares of the auto parts company’s stock valued at $4,178,000 after purchasing an additional 565 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Allison Transmission Holdings by 12.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock valued at $201,000 after purchasing an additional 607 shares in the last quarter. Finally, ETRADE Capital Management LLC raised its holdings in Allison Transmission Holdings by 4.9% in the 2nd quarter. ETRADE Capital Management LLC now owns 30,296 shares of the auto parts company’s stock worth $1,136,000 after acquiring an additional 1,410 shares during the period.

Allison Transmission Holdings Company Profile

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