The Goldman Sachs Group Forecasts Strong Price Appreciation for Allison Transmission (NYSE:ALSN) Stock

Allison Transmission (NYSE:ALSN - Get Free Report) had its price objective boosted by equities researchers at The Goldman Sachs Group from $72.00 to $82.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a "sell" rating on the auto parts company's stock. The Goldman Sachs Group's price target points to a potential downside of 23.56% from the company's previous close.

Several other equities research analysts have also recently weighed in on the stock. Bank of America increased their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a research report on Wednesday. StockNews.com raised shares of Allison Transmission from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. increased their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the company a "neutral" rating in a research report on Friday, October 11th. Oppenheimer raised their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Citigroup raised their target price on shares of Allison Transmission from $97.00 to $109.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Allison Transmission has an average rating of "Hold" and a consensus price target of $92.25.

Allison Transmission Trading Up 0.4 %

Shares of ALSN stock traded up $0.41 on Friday, hitting $107.27. 582,004 shares of the company's stock traded hands, compared to its average volume of 621,322. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78. Allison Transmission has a one year low of $51.19 and a one year high of $109.30. The company's fifty day simple moving average is $94.90 and its 200 day simple moving average is $84.29. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 13.07, a P/E/G ratio of 1.89 and a beta of 0.99.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.26. The business had revenue of $824.00 million during the quarter, compared to analysts' expectations of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 53.66%. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.76 EPS. Equities analysts forecast that Allison Transmission will post 8.07 EPS for the current year.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the firm's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the sale, the senior vice president now directly owns 12,420 shares in the company, valued at approximately $1,129,971.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of the firm's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the sale, the vice president now directly owns 9,601 shares in the company, valued at approximately $960,100. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John Coll sold 2,000 shares of the firm's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the sale, the senior vice president now owns 12,420 shares of the company's stock, valued at approximately $1,129,971.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,741 shares of company stock worth $546,060 in the last three months. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Allison Transmission

A number of large investors have recently made changes to their positions in the stock. Private Advisor Group LLC grew its stake in shares of Allison Transmission by 4.4% in the third quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company's stock worth $382,000 after acquiring an additional 167 shares during the period. Quent Capital LLC grew its stake in shares of Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company's stock worth $68,000 after acquiring an additional 172 shares during the period. Miller Howard Investments Inc. NY grew its stake in shares of Allison Transmission by 2.1% in the second 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 period. Americana Partners LLC grew its stake in shares of Allison Transmission by 3.9% in the second quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company's stock worth $385,000 after acquiring an additional 191 shares during the period. Finally, Financial Strategies Group Inc. grew its stake in shares of Allison Transmission by 6.7% in the third quarter. Financial Strategies Group Inc. now owns 3,139 shares of the auto parts company's stock worth $313,000 after acquiring an additional 198 shares during the period. 96.90% of the stock is currently owned by institutional investors.

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.