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.
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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