J P Morgan Chase & Co Boosts Allison Transmission Holdings, Inc. (ALSN) Price Target to $41.00

Allison Transmission Holdings, Inc. (NYSE:ALSN) had its price target lifted by J P Morgan Chase & Co from $39.00 to $41.00 in a research report sent to investors on Monday morning. They currently have a neutral rating on the auto parts company’s stock.

A number of other equities analysts have also commented on ALSN. Royal Bank Of Canada restated a buy rating on shares of Allison Transmission Holdings in a research report on Friday, July 7th. Piper Jaffray Companies restated a sell rating and issued a $31.00 price objective on shares of Allison Transmission Holdings in a research report on Wednesday, July 12th. Stifel Nicolaus restated a hold rating and issued a $40.00 price objective on shares of Allison Transmission Holdings in a research report on Wednesday, July 19th. BidaskClub lowered shares of Allison Transmission Holdings from a buy rating to a hold rating in a research report on Wednesday, July 19th. Finally, Robert W. Baird upgraded shares of Allison Transmission Holdings from a neutral rating to an outperform rating and raised their price objective for the company from $43.00 to $51.00 in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $41.88.

Allison Transmission Holdings (NYSE:ALSN) last released its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.27. Allison Transmission Holdings had a net margin of 16.34% and a return on equity of 41.80%. The company had revenue of $595.00 million during the quarter, compared to analyst estimates of $533.53 million. During the same period last year, the business earned $0.27 earnings per share. Allison Transmission Holdings’s revenue was up 37.1% compared to the same quarter last year.

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In other Allison Transmission Holdings news, CFO David S. Graziosi sold 39,264 shares of Allison Transmission Holdings stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $37.23, for a total transaction of $1,461,798.72. Following the transaction, the chief financial officer now directly owns 233,387 shares of the company’s stock, valued at $8,688,998.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Randall R. Kirk sold 7,541 shares of Allison Transmission Holdings stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $34.27, for a total transaction of $258,430.07. Following the transaction, the senior vice president now directly owns 84,494 shares in the company, valued at $2,895,609.38. The disclosure for this sale can be found here. Company insiders own 7.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its stake in shares of Allison Transmission Holdings by 140.0% during the second quarter. Goldman Sachs Group Inc. now owns 1,030,458 shares of the auto parts company’s stock worth $38,652,000 after acquiring an additional 601,174 shares in the last quarter. Standard Life Investments LTD raised its stake in shares of Allison Transmission Holdings by 15.9% during the second quarter. Standard Life Investments LTD now owns 3,682,743 shares of the auto parts company’s stock worth $138,158,000 after acquiring an additional 504,518 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in shares of Allison Transmission Holdings by 1.3% during the second quarter. Burgundy Asset Management Ltd. now owns 4,796,019 shares of the auto parts company’s stock worth $179,899,000 after acquiring an additional 61,875 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Allison Transmission Holdings by 11.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,403,681 shares of the auto parts company’s stock worth $52,650,000 after acquiring an additional 141,741 shares in the last quarter. Finally, Caxton Associates LP purchased a new position in shares of Allison Transmission Holdings during the second quarter worth approximately $540,000.

Allison Transmission Holdings Company Profile

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).

Analyst Recommendations for Allison Transmission Holdings (NYSE:ALSN)

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