Allison Transmission (NYSE:ALSN) Downgraded by Wall Street Zen to Hold

Allison Transmission (NYSE:ALSN - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Sunday.

A number of other analysts have also recently commented on the stock. Robert W. Baird reduced their target price on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a report on Tuesday, April 15th. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research note on Tuesday, May 27th. Citigroup decreased their price objective on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Bank of America boosted their price target on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a report on Monday, June 16th. Finally, Raymond James Financial dropped their target price on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Allison Transmission currently has an average rating of "Hold" and a consensus target price of $98.38.

Allison Transmission Price Performance

ALSN opened at $90.66 on Friday. The firm has a market cap of $7.64 billion, a PE ratio of 10.49 and a beta of 1.00. The stock has a 50-day moving average price of $97.97 and a 200-day moving average price of $102.88. Allison Transmission has a 1 year low of $73.65 and a 1 year high of $122.53. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.05 and a quick ratio of 2.37.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $1.97 by $0.26. Allison Transmission had a return on equity of 46.97% and a net margin of 23.55%. The business had revenue of $766.00 million during the quarter, compared to analyst estimates of $792.18 million. During the same quarter last year, the company earned $1.90 EPS. The company's quarterly revenue was down 2.9% compared to the same quarter last year. Sell-side analysts predict that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Ryan A. Milburn sold 3,412 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total value of $359,078.88. Following the completion of the transaction, the vice president now directly owns 11,924 shares in the company, valued at approximately $1,254,881.76. The trade was a 22.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John Coll sold 1,788 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total value of $170,450.04. Following the sale, the senior vice president now owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. This represents a 10.41% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Allison Transmission

Several large investors have recently bought and sold shares of ALSN. Transce3nd LLC acquired a new stake in shares of Allison Transmission in the fourth quarter worth $25,000. Kestra Investment Management LLC purchased a new stake in shares of Allison Transmission in the fourth quarter valued at approximately $30,000. Vermillion Wealth Management Inc. acquired a new position in Allison Transmission during the fourth quarter worth $31,000. SVB Wealth LLC purchased a new position in Allison Transmission in the 1st quarter valued at about $33,000. Finally, WPG Advisers LLC purchased a new position in shares of Allison Transmission in the first quarter valued at approximately $34,000. Hedge funds and other 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.

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