The Goldman Sachs Group Boosts Allison Transmission (NYSE:ALSN) Price Target to $94.00

Allison Transmission (NYSE:ALSN) had its price target increased by The Goldman Sachs Group from $82.00 to $94.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “sell” rating on the auto parts company’s stock. The Goldman Sachs Group’s target price points to a potential downside of 19.32% from the company’s current price.

ALSN has been the topic of a number of other reports. Bank of America lifted their target price on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. Citigroup boosted their target price on shares of Allison Transmission from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. raised their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. Oppenheimer upped their price objective on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Robert W. Baird boosted their target price on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Allison Transmission has a consensus rating of “Hold” and an average target price of $96.38.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $116.51 on Thursday. 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 firm has a 50-day moving average of $109.92 and a 200-day moving average of $92.42. Allison Transmission has a one year low of $55.19 and a one year high of $122.53. The company has a market cap of $10.09 billion, a P/E ratio of 14.19, a P/E/G ratio of 2.03 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 51.13% and a net margin of 22.66%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.76 EPS. Equities research analysts forecast that Allison Transmission will post 8.21 EPS for the current fiscal year.

Insider Buying and Selling at Allison Transmission

In related news, VP Thomas Eifert sold 2,000 shares of Allison Transmission stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $95.00, for a total transaction of $190,000.00. Following the completion of the sale, the vice president now owns 9,601 shares of the company’s stock, valued at approximately $912,095. This trade represents a 17.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David S. Graziosi sold 1,723 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total value of $207,207.98. Following the completion of the transaction, the chief executive officer now owns 168,833 shares in the company, valued at $20,303,856.58. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,380 shares of company stock valued at $2,830,837 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Allison Transmission

Large investors have recently modified their holdings of the business. Quarry LP raised its stake in Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 114 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in shares of Allison Transmission by 3.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,697 shares of the auto parts company’s stock worth $355,000 after buying an additional 126 shares during the last quarter. Venturi Wealth Management LLC raised its position 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 buying an additional 162 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Allison Transmission by 4.4% during the 3rd quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company’s stock valued at $382,000 after buying an additional 167 shares in the last quarter. Finally, Miller Howard Investments Inc. NY lifted its holdings in shares of Allison Transmission by 2.1% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock worth $676,000 after acquiring an additional 186 shares during the last quarter. Institutional investors 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.