Allison Transmission (NYSE:ALSN) Price Target Lowered to $110.00 at Raymond James

Allison Transmission (NYSE:ALSN - Get Free Report) had its price objective cut by investment analysts at Raymond James from $115.00 to $110.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "outperform" rating on the auto parts company's stock. Raymond James' target price would suggest a potential upside of 23.87% from the stock's previous close.

A number of other equities research analysts have also weighed in on the stock. Morgan Stanley raised their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a report on Tuesday, December 17th. Citigroup dropped their price objective on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price target on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, StockNews.com raised shares of Allison Transmission from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $97.88.

Allison Transmission Trading Up 0.7 %

NYSE ALSN traded up $0.62 during trading hours on Monday, reaching $88.80. The company had a trading volume of 632,211 shares, compared to its average volume of 644,375. The stock has a 50-day moving average of $96.47 and a 200 day moving average of $105.98. The stock has a market capitalization of $7.57 billion, a P/E ratio of 10.69 and a beta of 0.95. Allison Transmission has a 1-year low of $71.49 and a 1-year high of $122.53. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. As a group, research analysts anticipate that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Allison Transmission announced that its board has authorized a share repurchase plan on Thursday, February 20th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to purchase up to 57.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Insider Transactions at Allison Transmission

In other news, SVP John Coll sold 1,788 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the sale, the senior vice president now directly owns 15,388 shares in the company, valued at approximately $1,466,938.04. This trade represents a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Ryan A. Milburn sold 4,546 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total value of $437,325.20. Following the completion of the transaction, the vice president now owns 14,138 shares in the company, valued at $1,360,075.60. The trade was a 24.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Allison Transmission

A number of hedge funds have recently modified their holdings of ALSN. Transce3nd LLC bought a new stake in Allison Transmission in the 4th quarter valued at $25,000. SRH Advisors LLC bought a new position in Allison Transmission in the 4th quarter valued at approximately $26,000. World Investment Advisors LLC acquired a new position in Allison Transmission during the 3rd quarter worth about $29,000. Kestra Investment Management LLC acquired a new position in shares of Allison Transmission in the 4th quarter worth approximately $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Allison Transmission in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 96.90% of the company's stock.

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.