Allison Transmission Holdings, Inc. (NYSE:ALSN) has been given a $26.00 price target by analysts at Piper Jaffray Companies in a research report issued to clients and investors on Friday. The firm presently has a “sell” rating on the auto parts company’s stock. Piper Jaffray Companies’ price target points to a potential downside of 33.25% from the company’s current price.
A number of other analysts have also issued reports on the company. Deutsche Bank AG lowered Allison Transmission Holdings from a “hold” rating to a “sell” rating and decreased their price target for the stock from $43.00 to $33.00 in a research note on Tuesday, September 5th. ValuEngine raised Allison Transmission Holdings from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Longbow Research lowered Allison Transmission Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Buckingham Research started coverage on Allison Transmission Holdings in a research note on Tuesday, September 5th. They issued a “neutral” rating and a $36.00 price target on the stock. Finally, BidaskClub lowered Allison Transmission Holdings from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $44.18.
Shares of Allison Transmission Holdings (ALSN) opened at $38.95 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.50 and a debt-to-equity ratio of 4.57. Allison Transmission Holdings has a 52 week low of $32.01 and a 52 week high of $45.69. The stock has a market capitalization of $5,521.59, a PE ratio of 17.23, a price-to-earnings-growth ratio of 1.56 and a beta of 1.24.
Allison Transmission Holdings (NYSE:ALSN) last issued its quarterly earnings results on Monday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.27. Allison Transmission Holdings had a return on equity of 45.65% and a net margin of 16.34%. The firm had revenue of $595.00 million for the quarter, compared to analyst estimates of $533.53 million. During the same period last year, the company earned $0.27 EPS. The firm’s quarterly revenue was up 37.1% on a year-over-year basis. equities analysts predict that Allison Transmission Holdings will post 2.49 earnings per share for the current year.
Allison Transmission Holdings announced that its Board of Directors has approved a stock repurchase plan on Wednesday, November 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
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In related news, SVP Randall R. Kirk sold 7,541 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $34.27, for a total transaction of $258,430.07. Following the sale, the senior vice president now directly owns 84,494 shares in the company, valued at approximately $2,895,609.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO David S. Graziosi sold 39,264 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $37.23, for a total value of $1,461,798.72. Following the sale, the chief financial officer now owns 233,387 shares in the company, valued at $8,688,998.01. The disclosure for this sale can be found here. Company insiders own 7.90% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Group One Trading L.P. purchased a new stake in shares of Allison Transmission Holdings during the 3rd quarter valued at about $105,000. Tower Research Capital LLC TRC raised its holdings in shares of Allison Transmission Holdings by 7,314.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,190 shares of the auto parts company’s stock valued at $195,000 after buying an additional 5,120 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Allison Transmission Holdings by 12.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock valued at $201,000 after buying an additional 607 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Allison Transmission Holdings during the 3rd quarter valued at about $203,000. Finally, Menta Capital LLC purchased a new stake in shares of Allison Transmission Holdings during the 2nd quarter valued at about $206,000.
About Allison Transmission Holdings
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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