Citigroup Lowers Allison Transmission (NYSE:ALSN) Price Target to $115.00

Allison Transmission (NYSE:ALSN) had its price objective decreased by analysts at Citigroup from $120.00 to $115.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. Citigroup’s price objective suggests a potential upside of 0.74% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Morgan Stanley raised their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. 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. Oppenheimer upped their price target on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 26th. Finally, Bank of America upped their target price on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $100.75.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $114.15 on Wednesday. The firm has a market cap of $9.89 billion, a P/E ratio of 13.90, a PEG ratio of 1.82 and a beta of 1.00. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. Allison Transmission has a fifty-two week low of $61.04 and a fifty-two week high of $122.53. The stock’s 50-day moving average is $113.66 and its two-hundred day moving average is $103.48.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data 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 return on equity of 51.13% and a net margin of 22.66%. Analysts predict that Allison Transmission will post 8.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO David S. Graziosi sold 11,590 shares of Allison Transmission stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $119.44, for a total transaction of $1,384,309.60. Following the sale, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at $20,165,413.52. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $117.73, for a total value of $235,460.00. Following the transaction, the senior vice president now owns 8,420 shares in the company, valued at $991,286.60. This represents a 19.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,639 shares of company stock valued at $2,683,537 in the last three months. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

A number of hedge funds have recently modified their holdings of the company. SRH Advisors LLC acquired a new position in shares of Allison Transmission in the fourth quarter valued at $26,000. World Investment Advisors LLC acquired a new position in shares of Allison Transmission in the 3rd quarter valued at $29,000. Kestra Investment Management LLC bought a new position in shares of Allison Transmission during the 4th quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Allison Transmission during the 4th quarter valued at about $31,000. Finally, Quarry LP increased its stake in Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after acquiring an additional 114 shares during the period. 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.