Morgan Stanley Issues Positive Forecast for Allison Transmission (NYSE:ALSN) Stock Price

Allison Transmission (NYSE:ALSN) had its price target lifted by research analysts at Morgan Stanley from $110.00 to $112.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the auto parts company’s stock. Morgan Stanley’s price objective indicates a potential upside of 4.82% from the stock’s current price.

A number of other analysts have also commented on the company. Citigroup boosted their price target on Allison Transmission from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, December 9th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Oppenheimer increased their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lifted their target price on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Allison Transmission presently has an average rating of “Hold” and a consensus price target of $102.63.

Allison Transmission Stock Down 4.8 %

Shares of Allison Transmission stock opened at $106.85 on Tuesday. Allison Transmission has a 1 year low of $55.19 and a 1 year high of $122.53. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The company has a market capitalization of $9.26 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 2.03 and a beta of 0.98. The business has a 50-day moving average of $111.01 and a two-hundred day moving average of $93.58.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.01 by $0.26. The firm had revenue of $824.00 million for the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the company posted $1.76 EPS. As a group, equities analysts predict that Allison Transmission will post 8.21 EPS for the current year.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.73, for a total value of $235,460.00. Following the sale, the senior vice president now owns 8,420 shares of the company’s stock, valued at approximately $991,286.60. This trade represents a 19.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David S. Graziosi sold 11,590 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $119.44, for a total value of $1,384,309.60. Following the transaction, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at $20,165,413.52. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,380 shares of company stock valued at $2,830,837 over the last quarter. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ALSN. World Investment Advisors LLC bought a new stake in shares of Allison Transmission during the 3rd quarter valued at approximately $29,000. Quarry LP grew its stake in shares of Allison Transmission by 46.7% during the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after buying an additional 114 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Allison Transmission by 139.8% during the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after buying an additional 506 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Allison Transmission in the 3rd quarter valued at $67,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Allison Transmission by 27.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock valued at $71,000 after acquiring an additional 162 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.