Allison Transmission (NYSE:ALSN) Price Target Cut to $110.00 by Analysts at Raymond James

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

Several other analysts also recently issued reports on ALSN. JPMorgan Chase & Co. cut their price target on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Morgan Stanley boosted their price target 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 lowered their price target on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, StockNews.com upgraded shares of Allison Transmission from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Allison Transmission has a consensus rating of "Hold" and an average target price of $97.88.

Allison Transmission Stock Performance

Shares of NYSE ALSN traded up $0.62 during trading on Monday, reaching $88.80. The stock had a trading volume of 632,211 shares, compared to its average volume of 644,375. The firm's 50 day moving average price is $95.97 and its two-hundred day moving average price is $105.92. Allison Transmission has a one year low of $71.49 and a one year high of $122.53. The stock has a market cap of $7.57 billion, a PE ratio of 10.69 and a beta of 0.95. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share 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%. On average, research analysts forecast that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Allison Transmission announced that its board has initiated a stock buyback program 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 buy up to 57.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.

Insiders Place Their Bets

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

Institutional Trading of Allison Transmission

Hedge funds and other institutional investors have recently modified their holdings of the company. Loomis Sayles & Co. L P grew its stake in Allison Transmission by 301.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock valued at $257,046,000 after purchasing an additional 1,785,687 shares in the last quarter. Norges Bank bought a new position in Allison Transmission during the fourth quarter valued at approximately $108,916,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in Allison Transmission by 4,877.2% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 444,518 shares of the auto parts company's stock valued at $48,035,000 after acquiring an additional 435,587 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Allison Transmission in the 4th quarter valued at $41,081,000. Finally, FMR LLC boosted its position in Allison Transmission by 1.9% during the fourth quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock worth $1,404,025,000 after purchasing an additional 247,318 shares during the period. 96.90% of the stock is currently owned by hedge funds and other 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.