Allison Transmission (ALSN) Given a $28.00 Price Target at Piper Jaffray Companies

Piper Jaffray Companies set a $28.00 price objective on Allison Transmission (NYSE:ALSN) in a research note issued to investors on Monday morning. The brokerage currently has a sell rating on the auto parts company’s stock. Piper Jaffray Companies also issued estimates for Allison Transmission’s Q4 2018 earnings at $0.99 EPS, FY2018 earnings at $4.63 EPS, Q1 2019 earnings at $1.06 EPS, Q2 2019 earnings at $1.16 EPS, Q3 2019 earnings at $1.09 EPS, FY2019 earnings at $4.41 EPS, Q1 2020 earnings at $0.90 EPS, Q2 2020 earnings at $1.00 EPS, Q3 2020 earnings at $0.97 EPS, Q4 2020 earnings at $0.99 EPS, FY2021 earnings at $4.13 EPS and FY2022 earnings at $4.31 EPS.

Several other research firms also recently commented on ALSN. Macquarie downgraded Allison Transmission from a neutral rating to an underperform rating in a research note on Thursday, November 29th. Citigroup reduced their price objective on Allison Transmission from $55.00 to $53.00 and set a buy rating for the company in a research note on Friday, November 2nd. Buckingham Research set a $50.00 price objective on Allison Transmission and gave the company a hold rating in a research note on Thursday, October 11th. ValuEngine downgraded Allison Transmission from a buy rating to a hold rating in a research note on Wednesday, October 24th. Finally, Oppenheimer set a $50.00 price objective on Allison Transmission and gave the company a buy rating in a research note on Monday, October 29th. Three analysts have rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $48.55.

Shares of ALSN stock opened at $48.32 on Monday. The company has a debt-to-equity ratio of 3.69, a current ratio of 1.71 and a quick ratio of 1.33. The company has a market cap of $6.16 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31. Allison Transmission has a 1-year low of $37.41 and a 1-year high of $53.76.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, October 29th. The auto parts company reported $1.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.17. The business had revenue of $692.00 million during the quarter, compared to the consensus estimate of $656.52 million. Allison Transmission had a return on equity of 90.71% and a net margin of 26.64%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 EPS. On average, sell-side analysts forecast that Allison Transmission will post 4.62 earnings per share for the current fiscal year.

In other Allison Transmission news, Director Lawrence E. Dewey sold 106,176 shares of the company’s stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $46.13, for a total value of $4,897,898.88. Following the completion of the sale, the director now directly owns 215,152 shares in the company, valued at approximately $9,924,961.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 8.40% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of ALSN. Schroder Investment Management Group grew its holdings in Allison Transmission by 49.8% in the 2nd quarter. Schroder Investment Management Group now owns 3,725,693 shares of the auto parts company’s stock valued at $179,746,000 after buying an additional 1,238,955 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Allison Transmission by 117.7% in the 3rd quarter. Wells Fargo & Company MN now owns 2,240,544 shares of the auto parts company’s stock valued at $116,530,000 after buying an additional 1,211,258 shares in the last quarter. BlackRock Inc. grew its holdings in Allison Transmission by 19.3% in the 2nd quarter. BlackRock Inc. now owns 7,225,286 shares of the auto parts company’s stock valued at $292,550,000 after buying an additional 1,169,447 shares in the last quarter. LSV Asset Management grew its holdings in Allison Transmission by 27.2% in the 3rd quarter. LSV Asset Management now owns 3,717,106 shares of the auto parts company’s stock valued at $193,326,000 after buying an additional 794,475 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in Allison Transmission in the 3rd quarter valued at $27,210,000.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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Analyst Recommendations for Allison Transmission (NYSE:ALSN)

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