Allison Transmission (NYSE:ALSN) Price Target Increased to $78.00 by Analysts at JPMorgan Chase & Co.

Allison Transmission (NYSE:ALSN - Get Free Report) had its target price upped by equities researchers at JPMorgan Chase & Co. from $70.00 to $78.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a "neutral" rating on the auto parts company's stock. JPMorgan Chase & Co.'s price objective points to a potential downside of 3.66% from the stock's previous close.

Several other analysts also recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Allison Transmission from $63.00 to $68.00 and gave the company a "neutral" rating in a report on Wednesday, February 14th. The Goldman Sachs Group increased their price target on shares of Allison Transmission from $48.00 to $55.00 and gave the company a "sell" rating in a research report on Thursday, February 15th. Morgan Stanley began coverage on Allison Transmission in a research report on Monday, January 8th. They set an "equal weight" rating and a $62.00 price target for the company. Oppenheimer boosted their price objective on shares of Allison Transmission from $67.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, March 26th. Finally, StockNews.com upgraded shares of Allison Transmission from a "buy" rating to a "strong-buy" rating in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $64.88.

Allison Transmission Stock Performance

ALSN stock traded up $0.08 on Monday, hitting $80.96. The company's stock had a trading volume of 530,281 shares, compared to its average volume of 667,807. Allison Transmission has a 1 year low of $44.68 and a 1 year high of $83.42. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 1.51 and a beta of 1.03. The firm has a 50 day moving average of $74.87 and a two-hundred day moving average of $62.98. The company has a current ratio of 2.49, a quick ratio of 1.94 and a debt-to-equity ratio of 2.03.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The auto parts company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.42 by $0.49. Allison Transmission had a return on equity of 60.35% and a net margin of 22.17%. The firm had revenue of $775.00 million during the quarter, compared to the consensus estimate of $744.00 million. During the same period in the prior year, the business earned $1.52 EPS. The firm's revenue was up 7.9% compared to the same quarter last year. Equities analysts predict that Allison Transmission will post 7.64 EPS for the current fiscal year.

Insider Activity

In related news, VP Ryan A. Milburn sold 2,598 shares of the business's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $75.40, for a total value of $195,889.20. Following the sale, the vice president now directly owns 14,456 shares in the company, valued at approximately $1,089,982.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Ryan A. Milburn sold 2,598 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $75.40, for a total transaction of $195,889.20. Following the completion of the sale, the vice president now directly owns 14,456 shares in the company, valued at $1,089,982.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David S. Graziosi sold 76,318 shares of the company's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total value of $5,385,761.26. Following the completion of the transaction, the chief executive officer now directly owns 125,479 shares in the company, valued at $8,855,053.03. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,843 shares of company stock valued at $6,244,562. Insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. AMI Investment Management Inc. increased its position in Allison Transmission by 7.1% in the 1st quarter. AMI Investment Management Inc. now owns 97,189 shares of the auto parts company's stock worth $3,816,000 after buying an additional 6,438 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Allison Transmission by 5.1% in the 1st quarter. JPMorgan Chase & Co. now owns 334,703 shares of the auto parts company's stock worth $13,140,000 after buying an additional 16,209 shares in the last quarter. Raymond James & Associates lifted its position in shares of Allison Transmission by 267.3% during the 1st quarter. Raymond James & Associates now owns 33,711 shares of the auto parts company's stock worth $1,323,000 after buying an additional 24,534 shares during the period. Citigroup Inc. increased its position in shares of Allison Transmission by 1.5% during the 1st quarter. Citigroup Inc. now owns 74,855 shares of the auto parts company's stock worth $2,938,000 after purchasing an additional 1,127 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Allison Transmission by 31.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,096 shares of the auto parts company's stock worth $514,000 after acquiring an additional 3,142 shares during the last quarter. Institutional investors 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.