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

Allison Transmission (NYSE:ALSN) had its price target dropped by stock analysts at Citigroup from $130.00 to $120.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the auto parts company’s stock. Citigroup’s price objective indicates a potential upside of 3.22% from the company’s previous close.

Several other research firms also recently weighed in on ALSN. The Goldman Sachs Group upped their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 12th. Oppenheimer increased their target price on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. Robert W. Baird boosted their price target on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Bank of America raised their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $101.38.

Allison Transmission Stock Up 0.2 %

Allison Transmission stock opened at $116.26 on Tuesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The stock has a market capitalization of $10.07 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 2.03 and a beta of 1.00. The business has a 50 day simple moving average of $114.02 and a 200-day simple moving average of $98.54. Allison Transmission has a 12 month low of $55.81 and a 12 month high of $122.53.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The firm had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 EPS. On average, analysts anticipate that Allison Transmission will post 8.21 EPS for the current fiscal year.

Insider Buying and Selling at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $117.73, for a total transaction of $235,460.00. Following the completion of the sale, the senior vice president now owns 8,420 shares in the company, valued at $991,286.60. This trade represents a 19.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David S. Graziosi sold 5,326 shares of Allison Transmission stock in a transaction that occurred on 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 in the company, valued at approximately $20,280,219.96. The trade was a 3.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,639 shares of company stock worth $2,683,537 in the last three months. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Allison Transmission

Hedge funds and other institutional investors have recently modified their holdings of the business. Glenmede Trust Co. NA lifted its position in Allison Transmission by 4.6% in the third quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company’s stock valued at $9,333,000 after buying an additional 4,261 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Allison Transmission in the 3rd quarter worth approximately $947,000. Franklin Resources Inc. lifted its holdings in shares of Allison Transmission by 46.8% in the 3rd quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock worth $24,955,000 after acquiring an additional 79,745 shares during the last quarter. Tri Ri Asset Management Corp purchased a new position in shares of Allison Transmission during the 3rd quarter worth approximately $5,932,000. Finally, Oppenheimer & Co. Inc. increased its holdings in Allison Transmission by 133.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 13,917 shares of the auto parts company’s stock valued at $1,337,000 after purchasing an additional 7,944 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

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.