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

Allison Transmission (NYSE:ALSN) had its price target cut by equities research analysts at Citigroup from $120.00 to $115.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the auto parts company’s stock. Citigroup’s target price suggests a potential upside of 0.74% from the stock’s current price.

A number of other research firms have also recently issued reports on ALSN. The Goldman Sachs Group lifted their target price 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. Bank of America lifted their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. Oppenheimer increased their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Robert W. Baird raised their target price on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley upped their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Allison Transmission has an average rating of “Hold” and a consensus price target of $100.75.

Allison Transmission Stock Performance

Allison Transmission stock opened at $114.15 on Wednesday. Allison Transmission has a 52-week low of $61.04 and a 52-week high of $122.53. 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 fifty day moving average price of $113.66 and a two-hundred day moving average price of $103.48. The firm has a market capitalization of $9.89 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.82 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (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%. As a group, analysts anticipate that Allison Transmission will post 8.22 EPS for the current fiscal year.

Insider Activity at Allison Transmission

In related news, CEO David S. Graziosi sold 5,326 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $120.12, for a total value of $639,759.12. Following the completion of the sale, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,280,219.96. This represents a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the transaction, the senior vice president now owns 6,420 shares in the company, valued at approximately $695,928. This trade represents a 23.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,639 shares of company stock worth $2,683,537 over the last 90 days. Insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

Hedge funds have recently modified their holdings of the company. DGS Capital Management LLC lifted its holdings in Allison Transmission by 2.5% during the fourth quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company’s stock worth $370,000 after acquiring an additional 84 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Allison Transmission by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company’s stock worth $1,661,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System raised its position in shares of Allison Transmission by 0.4% during the fourth quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company’s stock worth $2,733,000 after purchasing an additional 100 shares during the period. Amalgamated Bank lifted its holdings in shares of Allison Transmission by 1.6% during the 4th quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company’s stock valued at $690,000 after purchasing an additional 103 shares in the last quarter. Finally, Quarry LP grew its position in shares of Allison Transmission by 46.7% in the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 114 shares during the period. 96.90% of the stock is currently 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.