Allison Transmission (NYSE:ALSN) Upgraded by TheStreet to B-

TheStreet upgraded shares of Allison Transmission (NYSE:ALSN) from a c rating to a b- rating in a report issued on Tuesday, TheStreetRatingsTable reports.

A number of other equities analysts also recently commented on the stock. Citigroup boosted their price objective on shares of Allison Transmission from $39.00 to $47.00 and gave the stock a neutral rating in a research note on Tuesday, October 12th. Morgan Stanley downgraded Allison Transmission from an equal weight rating to an underweight rating and decreased their target price for the stock from $37.00 to $30.00 in a report on Thursday, December 9th. Credit Suisse Group decreased their price target on Allison Transmission from $45.00 to $44.00 and set an outperform rating for the company in a report on Friday, October 29th. JPMorgan Chase & Co. decreased their price target on Allison Transmission from $39.00 to $36.00 and set an underweight rating for the company in a report on Thursday, October 7th. Finally, The Goldman Sachs Group decreased their price target on Allison Transmission from $39.00 to $35.00 and set a sell rating for the company in a report on Tuesday, October 12th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Allison Transmission presently has a consensus rating of Hold and an average price target of $41.10.

ALSN opened at $41.10 on Tuesday. Allison Transmission has a 12 month low of $32.55 and a 12 month high of $46.40. The stock has a 50-day moving average of $36.25 and a 200 day moving average of $36.97. The firm has a market cap of $4.29 billion, a P/E ratio of 11.74, a P/E/G ratio of 1.09 and a beta of 1.09. The company has a current ratio of 1.81, a quick ratio of 1.32 and a debt-to-equity ratio of 3.54.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, October 26th. The auto parts company reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.01. The business had revenue of $567.00 million during the quarter, compared to analyst estimates of $580.32 million. Allison Transmission had a return on equity of 51.91% and a net margin of 16.75%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. On average, research analysts forecast that Allison Transmission will post 3.9 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 30th. Shareholders of record on Monday, November 22nd were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.85%. The ex-dividend date was Friday, November 19th. Allison Transmission’s payout ratio is currently 21.71%.

In related news, VP Eric C. Scroggins sold 3,475 shares of Allison Transmission stock in a transaction that occurred on Thursday, December 16th. The shares were sold at an average price of $35.00, for a total value of $121,625.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas W. Rabaut purchased 5,475 shares of the firm’s stock in a transaction that occurred on Friday, November 12th. The stock was purchased at an average price of $36.59 per share, with a total value of $200,330.25. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in ALSN. BNP Paribas Arbitrage SA grew its stake in shares of Allison Transmission by 33.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 50,457 shares of the auto parts company’s stock worth $2,005,000 after purchasing an additional 12,779 shares during the period. Squarepoint Ops LLC grew its stake in shares of Allison Transmission by 197.4% during the 2nd quarter. Squarepoint Ops LLC now owns 137,506 shares of the auto parts company’s stock valued at $5,464,000 after buying an additional 91,268 shares during the period. Weiss Multi Strategy Advisers LLC purchased a new stake in shares of Allison Transmission during the 2nd quarter valued at $2,009,000. Natixis Advisors L.P. grew its stake in shares of Allison Transmission by 7.9% during the 2nd quarter. Natixis Advisors L.P. now owns 17,633 shares of the auto parts company’s stock valued at $701,000 after buying an additional 1,285 shares during the period. Finally, Factorial Partners LLC boosted its position in Allison Transmission by 11.6% during the 2nd quarter. Factorial Partners LLC now owns 25,000 shares of the auto parts company’s stock worth $994,000 after purchasing an additional 2,600 shares during the period. Hedge funds and other institutional investors own 98.89% of the company’s stock.

About Allison Transmission

Allison Transmission Holdings, Inc engages in the manufacture and distribution of vehicle propulsion solutions, which includes commercial-duty on-highway, off-highway and defense fully-automatic transmissions and electric-hybrid and fully-electric systems. The company solutions are used in applications, including on-highway trucks, buses, motorhomes, off-highway vehicles and equipment, and defense vehicles.

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Analyst Recommendations for Allison Transmission (NYSE:ALSN)

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