Allison Transmission (NYSE:ALSN) Upgraded to Buy at Vertical Research

Vertical Research upgraded shares of Allison Transmission (NYSE:ALSN) from a hold rating to a buy rating in a research report report published on Tuesday, Briefing.com Automated Import reports.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada reduced their target price on Allison Transmission to $46.00 and set a sector perform rating for the company in a report on Friday, November 1st. Zacks Investment Research upgraded Allison Transmission from a sell rating to a hold rating and set a $46.00 target price on the stock in a research note on Friday, November 1st. Bank of America upgraded shares of Allison Transmission from a neutral rating to a buy rating and set a $55.00 target price on the stock in a research note on Thursday, November 14th. Finally, Morgan Stanley set a $47.00 price target on shares of Allison Transmission and gave the stock a hold rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $47.25.

ALSN stock traded down $0.61 during mid-day trading on Tuesday, reaching $45.44. 1,392,085 shares of the company traded hands, compared to its average volume of 1,013,595. The company has a quick ratio of 1.13, a current ratio of 1.57 and a debt-to-equity ratio of 3.38. The firm’s 50 day moving average price is $45.19 and its 200 day moving average price is $45.03. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 9.51, a P/E/G ratio of 1.38 and a beta of 1.34. Allison Transmission has a fifty-two week low of $40.35 and a fifty-two week high of $52.67.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.12 by $0.11. The firm had revenue of $669.00 million during the quarter, compared to the consensus estimate of $665.63 million. Allison Transmission had a return on equity of 91.48% and a net margin of 23.61%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.27 earnings per share. On average, analysts anticipate that Allison Transmission will post 4.81 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.32%. Allison Transmission’s dividend payout ratio is presently 12.55%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Carlson Capital L P lifted its stake in shares of Allison Transmission by 67.4% during the 2nd quarter. Carlson Capital L P now owns 357,900 shares of the auto parts company’s stock valued at $16,589,000 after buying an additional 144,082 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in Allison Transmission by 359.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,505,488 shares of the auto parts company’s stock valued at $116,129,000 after acquiring an additional 1,960,323 shares during the period. Summit Global Investments purchased a new stake in shares of Allison Transmission during the second quarter worth $5,385,000. Callahan Advisors LLC lifted its position in shares of Allison Transmission by 18.9% during the third quarter. Callahan Advisors LLC now owns 24,662 shares of the auto parts company’s stock worth $1,160,000 after acquiring an additional 3,926 shares in the last quarter. Finally, Seizert Capital Partners LLC bought a new position in shares of Allison Transmission in the second quarter worth $1,041,000. 93.17% of the stock is owned by institutional investors.

Allison Transmission Company Profile

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 12 transmission product lines for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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Analyst Recommendations for Allison Transmission (NYSE:ALSN)

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