Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives $131.17 Consensus PT from Brokerages

Allison Transmission Holdings, Inc. (NYSE:ALSN) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $131.1667.

Several equities research analysts have recently commented on ALSN shares. Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Morgan Stanley raised their target price on Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. JPMorgan Chase & Co. lifted their target price on Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. Citigroup cut their price objective on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Finally, Wells Fargo & Company upped their target price on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th.

Allison Transmission Trading Down 1.2%

NYSE ALSN opened at $123.45 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07. Allison Transmission has a 52 week low of $76.01 and a 52 week high of $137.62. The business has a 50 day moving average price of $117.63 and a 200-day moving average price of $118.48. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 0.67 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the business earned $2.29 EPS. Allison Transmission’s quarterly revenue was up 92.4% compared to the same quarter last year. As a group, equities analysts expect that Allison Transmission will post 9.94 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be given a dividend of $0.29 per share. The ex-dividend date is Friday, August 21st. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. Allison Transmission’s dividend payout ratio is currently 18.44%.

Hedge Funds Weigh In On Allison Transmission

A number of large investors have recently modified their holdings of ALSN. Millstone Evans Group LLC purchased a new stake in Allison Transmission in the 1st quarter worth approximately $26,000. Cedar Mountain Advisors LLC purchased a new position in shares of Allison Transmission during the 1st quarter valued at $27,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Allison Transmission during the 1st quarter valued at $28,000. Larson Financial Group LLC increased its holdings in shares of Allison Transmission by 536.7% in the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 263 shares during the period. Finally, Transamerica Financial Advisors LLC increased its holdings in shares of Allison Transmission by 2,112.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock worth $35,000 after purchasing an additional 338 shares during the period. 96.90% of the stock is currently owned by institutional investors.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.