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 $115.00 to $108.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the auto parts company’s stock. Citigroup’s price target would indicate a potential upside of 14.09% from the stock’s current price.

Several other research analysts have also weighed in on ALSN. JPMorgan Chase & Co. lowered their price objective on Allison Transmission from $129.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. StockNews.com cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a research note on Thursday. The Goldman Sachs Group boosted their target price on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley upped their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Allison Transmission currently has an average rating of “Hold” and an average target price of $101.13.

Allison Transmission Trading Down 1.5 %

NYSE:ALSN traded down $1.40 during trading hours on Monday, hitting $94.67. The stock had a trading volume of 123,373 shares, compared to its average volume of 618,581. Allison Transmission has a one year low of $71.49 and a one year high of $122.53. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 11.37 and a beta of 1.02. The business’s 50 day moving average is $105.16 and its 200-day moving average is $106.45.

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

Allison Transmission declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 20th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the auto parts company to repurchase up to 57.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total value of $437,325.20. Following the completion of the sale, the vice president now owns 14,138 shares of the company’s stock, valued at approximately $1,360,075.60. The trade was a 24.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction of $216,800.00. Following the completion of the transaction, the senior vice president now owns 6,420 shares in the company, valued at $695,928. This trade represents a 23.75 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Several institutional investors have recently bought and sold shares of ALSN. Transce3nd LLC bought a new position in shares of Allison Transmission during the fourth quarter valued at approximately $25,000. SRH Advisors LLC bought a new position in Allison Transmission in the fourth quarter worth about $26,000. World Investment Advisors LLC acquired a new stake in Allison Transmission in the third quarter valued at approximately $29,000. Kestra Investment Management LLC purchased a new position in Allison Transmission during the 4th quarter worth $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Allison Transmission in the 4th quarter valued at approximately $31,000. Institutional investors own 96.90% of the company’s stock.

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.