Allison Transmission (NYSE:ALSN) Price Target Lowered to $110.00 at JPMorgan Chase & Co.

Allison Transmission (NYSE:ALSN) had its price objective cut by JPMorgan Chase & Co. from $129.00 to $110.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 13.05% from the company’s previous close.

Several other equities research analysts also recently weighed in on ALSN. Morgan Stanley increased their price objective on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. StockNews.com cut shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 13th. The Goldman Sachs Group lifted their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. Finally, Citigroup decreased their target price on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $102.00.

Allison Transmission Trading Up 1.2 %

NYSE ALSN opened at $97.30 on Tuesday. The firm’s fifty day moving average price is $107.84 and its 200 day moving average price is $105.82. Allison Transmission has a 12 month low of $71.49 and a 12 month high of $122.53. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 11.71 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. On average, sell-side analysts expect that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Allison Transmission announced that its Board of Directors has authorized a share buyback plan on Thursday, February 20th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total transaction of $216,800.00. Following the sale, the senior vice president now directly owns 6,420 shares in the company, valued at approximately $695,928. The trade was a 23.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Allison Transmission

A number of institutional investors have recently added to or reduced their stakes in the stock. Transce3nd LLC purchased a new stake in shares of Allison Transmission during the 4th quarter worth approximately $25,000. SRH Advisors LLC acquired a new position in Allison Transmission during the fourth quarter worth $26,000. Kestra Investment Management LLC acquired a new position in Allison Transmission during the fourth quarter worth $30,000. Vermillion Wealth Management Inc. acquired a new stake in Allison Transmission in the fourth quarter valued at $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Allison Transmission in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.