Citigroup Issues Pessimistic Forecast for Allison Transmission (NYSE:ALSN) Stock Price

Allison Transmission (NYSE:ALSN) had its price target dropped by investment analysts at Citigroup from $120.00 to $115.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. Citigroup’s target price indicates a potential upside of 13.13% from the stock’s current price.

A number of other equities research analysts have also commented on the stock. Robert W. Baird upped their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Bank of America upped their price objective on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group upped their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 26th. Finally, Morgan Stanley upped their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $100.75.

Allison Transmission Stock Performance

NYSE ALSN opened at $101.66 on Wednesday. The company’s 50 day moving average is $113.25 and its 200-day moving average is $103.64. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. The firm has a market cap of $8.81 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 1.82 and a beta of 1.00. Allison Transmission has a 12-month low of $67.61 and a 12-month high of $122.53.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. Sell-side analysts predict that Allison Transmission will post 8.22 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO David S. Graziosi sold 5,326 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $120.12, for a total transaction of $639,759.12. Following the sale, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at approximately $20,280,219.96. This represents a 3.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP John Coll sold 2,000 shares of the stock in a transaction dated 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 $695,928. This trade represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,639 shares of company stock worth $2,448,077 in the last three months. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Allison Transmission

Institutional investors have recently bought and sold shares of the company. Creative Planning boosted its holdings in shares of Allison Transmission by 5.1% during the 2nd quarter. Creative Planning now owns 4,781 shares of the auto parts company’s stock valued at $363,000 after acquiring an additional 230 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Allison Transmission during the 3rd quarter valued at about $186,000. CWM LLC boosted its holdings in shares of Allison Transmission by 77.3% during the 3rd quarter. CWM LLC now owns 10,651 shares of the auto parts company’s stock valued at $1,023,000 after acquiring an additional 4,642 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Allison Transmission during the 3rd quarter valued at about $274,000. Finally, Vista Investment Partners LLC purchased a new stake in shares of Allison Transmission during the 3rd quarter valued at about $625,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Company Profile

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.