Citigroup Initiates Coverage on Allison Transmission (NYSE:ALSN)

Analysts at Citigroup started coverage on shares of Allison Transmission (NYSE:ALSN) in a research note issued to investors on Wednesday, MarketBeat reports. The firm set a “neutral” rating and a $80.00 price target on the auto parts company’s stock. Citigroup’s price objective would suggest a potential upside of 7.69% from the stock’s current price.

Several other analysts also recently commented on ALSN. Robert W. Baird boosted their target price on shares of Allison Transmission from $84.00 to $87.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Friday, June 7th. The Goldman Sachs Group raised their target price on Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. boosted their price target on Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Finally, Oppenheimer increased their price objective on Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Allison Transmission currently has a consensus rating of “Hold” and a consensus price target of $73.86.

Allison Transmission Price Performance

ALSN opened at $74.29 on Wednesday. The stock has a fifty day moving average price of $75.31 and a 200 day moving average price of $70.51. The company has a current ratio of 2.51, a quick ratio of 1.95 and a debt-to-equity ratio of 1.79. Allison Transmission has a 1 year low of $50.13 and a 1 year high of $83.42. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 1.40 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.01. The business had revenue of $789.00 million during the quarter, compared to analyst estimates of $772.37 million. Allison Transmission had a return on equity of 55.83% and a net margin of 21.80%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.85 EPS. Analysts forecast that Allison Transmission will post 7.56 EPS for the current fiscal year.

Insider Buying and Selling

In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of Allison Transmission stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total value of $940,235.52. Following the transaction, the vice president now directly owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.10% of the stock is owned by insiders.

Institutional Trading of Allison Transmission

A number of hedge funds have recently bought and sold shares of the stock. Legacy Financial Advisors Inc. raised its stake in shares of Allison Transmission by 2.7% in the 4th quarter. Legacy Financial Advisors Inc. now owns 6,813 shares of the auto parts company’s stock valued at $396,000 after buying an additional 180 shares in the last quarter. Quent Capital LLC raised its position in Allison Transmission by 42.3% in the fourth quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock worth $41,000 after purchasing an additional 210 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Allison Transmission by 20.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock worth $71,000 after purchasing an additional 212 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Allison Transmission by 4.9% during the first quarter. Oppenheimer & Co. Inc. now owns 5,512 shares of the auto parts company’s stock worth $447,000 after purchasing an additional 255 shares during the period. Finally, Hohimer Wealth Management LLC boosted its holdings in Allison Transmission by 1.5% during the fourth quarter. Hohimer Wealth Management LLC now owns 20,535 shares of the auto parts company’s stock valued at $1,194,000 after purchasing an additional 311 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Allison Transmission Company Profile

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.