Allison Transmission (NYSE:ALSN) Stock Price Expected to Rise, Citigroup Analyst Says

Key Points

• Citigroup raised its price target on Allison Transmission to $135 from $130 while keeping a "neutral" rating, implying about a 5.6% upside from the current share price.
• Several firms (Wells Fargo, Oppenheimer, Raymond James) have recently lifted targets, but the consensus remains a "Hold" with an average target of $112.56, reflecting mixed analyst views.
• ALSN is trading near its 12‑month high (about $127.90 vs. $128.95), has a market cap of $10.63B and a P/E of 17.43, and an insider (Eric C. Scroggins) recently sold 1,313 shares.

Allison Transmission (NYSE:ALSN - Get Free Report) had its target price raised by Citigroup from $130.00 to $135.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the auto parts company's stock. Citigroup's price objective indicates a potential upside of 5.55% from the company's current price.

A number of other equities analysts have also recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Allison Transmission from $98.00 to $127.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 26th. Zacks Research cut shares of Allison Transmission from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 24th. Raymond James Financial upped their price target on shares of Allison Transmission from $110.00 to $115.00 and gave the company a "strong-buy" rating in a research report on Monday, December 22nd. Oppenheimer upped their price target on shares of Allison Transmission from $115.00 to $135.00 and gave the company an "outperform" rating in a research report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of Allison Transmission from $87.00 to $115.00 and gave the company a "neutral" rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $112.56.

Allison Transmission Price Performance

ALSN stock traded down $0.61 during trading on Monday, reaching $127.90. 150,011 shares of the company were exchanged, compared to its average volume of 852,172. The company has a 50-day moving average of $117.62 and a two-hundred day moving average of $101.19. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 0.86 and a beta of 0.97. Allison Transmission has a twelve month low of $76.01 and a twelve month high of $128.95. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.85 and a quick ratio of 4.17.

Insider Transactions at Allison Transmission

In other Allison Transmission news, insider Eric C. Scroggins sold 1,313 shares of the company's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $114.40, for a total value of $150,207.20. Following the completion of the transaction, the insider directly owned 17,654 shares in the company, valued at approximately $2,019,617.60. This represents a 6.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Allison Transmission

Several large investors have recently modified their holdings of ALSN. Rossby Financial LCC increased its position in shares of Allison Transmission by 107.0% during the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company's stock worth $25,000 after buying an additional 153 shares during the period. Larson Financial Group LLC increased its position in shares of Allison Transmission by 536.7% during the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company's stock worth $31,000 after buying an additional 263 shares during the period. Transamerica Financial Advisors LLC increased its position in shares of Allison Transmission by 2,112.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company's stock worth $35,000 after buying an additional 338 shares during the period. True Wealth Design LLC increased its position in shares of Allison Transmission by 93.2% during the third quarter. True Wealth Design LLC now owns 452 shares of the auto parts company's stock worth $38,000 after buying an additional 218 shares during the period. Finally, First Horizon Corp acquired a new stake in shares of Allison Transmission during the third quarter worth $40,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company's products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison's core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.

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