Allison Transmission Holdings, Inc., together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. It offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles. The company markets its transmissions under the Allison Transmission brand name; and remanufactured transmissions under the ReTran brand name. It also sells branded replacement parts, support equipment, aluminum die cast components, and other products necessary to service the installed base of vehicles utilizing its transmissions, as well as defense kits, engineering services, and extended transmission coverage services to various original equipment manufacturers, distributors, and the U.S. government. The company serves customers through an independent network of approximately 1,400 independent distributor and dealer locations. The company was formerly known as Clutch Holdings, Inc. Allison Transmission Holdings, Inc. was founded in 1915 and is headquartered in Indianapolis, Indiana.
Analyst Ratings Changes
Several research analysts have issued reports on ALSN shares. Citigroup lowered their price target on shares of Allison Transmission from $41.00 to $39.00 in a report on Tuesday, April 12th. TheStreet raised shares of Allison Transmission from a "c+" rating to a "b-" rating in a report on Thursday, June 9th. Credit Suisse Group boosted their price target on shares of Allison Transmission from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Allison Transmission from $41.00 to $39.00 and set an "underweight" rating on the stock in a report on Tuesday, July 12th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Allison Transmission currently has a consensus rating of "Hold" and a consensus price target of $38.40.
Allison Transmission Price Performance
ALSN traded up $0.20 on Monday, hitting $37.91. 27,742 shares of the company's stock traded hands, compared to its average volume of 826,950. The company has a current ratio of 1.77, a quick ratio of 1.25 and a debt-to-equity ratio of 3.34. Allison Transmission has a one year low of $32.55 and a one year high of $42.00. The company's 50 day simple moving average is $39.03 and its 200-day simple moving average is $38.77. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 8.20, a P/E/G ratio of 1.07 and a beta of 0.92.
Allison Transmission (NYSE:ALSN - Get Rating) last released its earnings results on Wednesday, August 3rd. The auto parts company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.09). Allison Transmission had a net margin of 18.14% and a return on equity of 66.88%. During the same period in the prior year, the company posted $1.01 EPS. As a group, research analysts anticipate that Allison Transmission will post 5.03 EPS for the current year.