News stories about Allison Transmission (NYSE:ALSN) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Allison Transmission earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the auto parts company an impact score of 43.9453349397568 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- What the sentiment indicator is Signaling: Allison Transmission Holdings, Inc. (ALSN), Sterling Bancorp (STL) – Market Movers (financialqz.com)
- Insider Selling: Allison Transmission Holdings Inc (ALSN) Director Sells 233,660 Shares of Stock (americanbankingnews.com)
- James A. Star Sells 640,835 Shares of Allison Transmission Holdings Inc (ALSN) Stock (americanbankingnews.com)
- Insider Selling: Allison Transmission Holdings Inc (ALSN) SVP Sells 6,565 Shares of Stock (americanbankingnews.com)
- Eric C. Scroggins Sells 4,330 Shares of Allison Transmission Holdings Inc (ALSN) Stock (americanbankingnews.com)
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Friday, November 3rd. JPMorgan Chase & Co. increased their price objective on shares of Allison Transmission from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Citigroup increased their price objective on shares of Allison Transmission from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Robert W. Baird restated a “buy” rating and issued a $52.00 price objective on shares of Allison Transmission in a research note on Wednesday, November 1st. Finally, Buckingham Research increased their price objective on shares of Allison Transmission from $36.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Allison Transmission presently has a consensus rating of “Hold” and a consensus price target of $44.18.
Allison Transmission (NYSE:ALSN) last posted its earnings results on Monday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.27. Allison Transmission had a net margin of 16.34% and a return on equity of 45.65%. The business had revenue of $595.00 million for the quarter, compared to analyst estimates of $533.53 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm’s quarterly revenue was up 37.1% compared to the same quarter last year. sell-side analysts predict that Allison Transmission will post 2.49 EPS for the current fiscal year.
Allison Transmission announced that its board has authorized a stock buyback program on Wednesday, November 8th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the auto parts company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.
In other Allison Transmission news, CFO David S. Graziosi sold 1,800 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $42.04, for a total transaction of $75,672.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James A. Star sold 233,660 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $43.96, for a total transaction of $10,271,693.60. Following the sale, the director now directly owns 41,450 shares in the company, valued at approximately $1,822,142. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,273,826 shares of company stock worth $99,211,088. 7.90% of the stock is owned by insiders.
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Allison Transmission 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).
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