Allison Transmission Holdings’ (ALSN) “Outperform” Rating Reaffirmed at Royal Bank Of Canada
Allison Transmission Holdings Inc (NYSE:ALSN)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank Of Canada in a report issued on Tuesday. They presently have a $48.00 price objective on the auto parts company’s stock, up from their previous price objective of $46.00. Royal Bank Of Canada’s target price would suggest a potential upside of 26.28% from the company’s previous close.
Several other equities analysts also recently weighed in on ALSN. Zacks Investment Research downgraded shares of Allison Transmission Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 11th. Barclays PLC raised their target price on shares of Allison Transmission Holdings from $39.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, April 20th. Piper Jaffray Companies set a $30.00 target price on shares of Allison Transmission Holdings and gave the company a “sell” rating in a report on Thursday, April 27th. Stifel Nicolaus raised their target price on shares of Allison Transmission Holdings from $35.00 to $40.00 and gave the company a “hold” rating in a report on Friday, April 28th. Finally, Deutsche Bank AG raised their target price on shares of Allison Transmission Holdings from $43.00 to $44.00 and gave the company a “hold” rating in a report on Friday, April 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $40.56.
Allison Transmission Holdings (NYSE ALSN) traded down 2.18% during trading on Tuesday, reaching $37.18. 685,812 shares of the company were exchanged. Allison Transmission Holdings has a 12 month low of $26.74 and a 12 month high of $40.25. The stock has a 50 day moving average price of $37.70 and a 200 day moving average price of $37.00. The firm has a market capitalization of $5.53 billion and a PE ratio of 21.11.
Allison Transmission Holdings (NYSE:ALSN) last posted its earnings results on Monday, July 31st. The auto parts company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.16. Allison Transmission Holdings had a net margin of 16.63% and a return on equity of 36.64%. The firm had revenue of $580 million during the quarter, compared to the consensus estimate of $515.03 million. During the same period last year, the firm posted $0.37 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, analysts expect that Allison Transmission Holdings will post $2.11 EPS for the current fiscal year.
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In other Allison Transmission Holdings news, SVP Randall R. Kirk sold 7,222 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $38.73, for a total transaction of $279,708.06. Following the sale, the senior vice president now directly owns 75,212 shares of the company’s stock, valued at approximately $2,912,960.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David S. Graziosi sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $38.19, for a total transaction of $1,909,500.00. Following the sale, the chief financial officer now directly owns 244,123 shares in the company, valued at $9,323,057.37. The disclosure for this sale can be found here. Insiders have sold a total of 132,584 shares of company stock worth $5,126,514 over the last ninety days.
About Allison Transmission Holdings
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
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