Allison Transmission (NYSE:ALSN)‘s stock had its “buy” rating reaffirmed by research analysts at William Blair in a note issued to investors on Tuesday.

ALSN has been the topic of several other reports. Robert W. Baird reiterated a “buy” rating and issued a $52.00 price target on shares of Allison Transmission in a research note on Wednesday, November 1st. BidaskClub upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating in a research note on Saturday, October 21st. Zacks Investment Research upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Tuesday. Piper Jaffray Companies set a $26.00 price target on shares of Allison Transmission and gave the company a “sell” rating in a research note on Friday, November 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $43.55.

Shares of Allison Transmission (NYSE ALSN) opened at $42.25 on Tuesday. The company has a debt-to-equity ratio of 4.57, a current ratio of 1.50 and a quick ratio of 1.15. Allison Transmission has a 52 week low of $32.93 and a 52 week high of $45.69. The stock has a market cap of $5,990.00, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 1.51 and a beta of 1.14.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Wednesday, February 14th. The auto parts company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.89. Allison Transmission had a net margin of 16.34% and a return on equity of 45.65%. The firm had revenue of $588.00 million for the quarter, compared to analyst estimates of $576.57 million. During the same period in the previous year, the business earned $0.36 EPS. The company’s revenue was up 25.4% compared to the same quarter last year. equities research analysts anticipate that Allison Transmission will post 2.49 earnings per share for the current fiscal year.

Allison Transmission declared that its board has authorized a stock repurchase program on Wednesday, November 8th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the auto parts company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

In related news, VP Eric C. Scroggins sold 7,500 shares of Allison Transmission stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $39.51, for a total transaction of $296,325.00. Following the completion of the sale, the vice president now owns 23,480 shares of the company’s stock, valued at approximately $927,694.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David S. Graziosi sold 1,800 shares of Allison Transmission stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $42.04, for a total transaction of $75,672.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,413,129 shares of company stock worth $150,042,595 over the last 90 days. 7.90% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Group One Trading L.P. bought a new stake in shares of Allison Transmission during the 3rd quarter worth about $105,000. American International Group Inc. bought a new stake in shares of Allison Transmission during the 4th quarter worth about $127,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Allison Transmission by 12.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock worth $201,000 after buying an additional 607 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Allison Transmission during the 3rd quarter worth about $203,000. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Allison Transmission during the 2nd quarter worth about $208,000.

WARNING: This report was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://theolympiareport.com/2018/02/15/allison-transmissions-alsn-buy-rating-reaffirmed-at-william-blair.html.

About Allison Transmission

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 (NYSE:ALSN)

Receive News & Ratings for Allison Transmission Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission and related companies with MarketBeat.com's FREE daily email newsletter.