Allison Transmission (NYSE:ALSN) Stock Rating Lowered by Weiss Ratings

Key Points

• Allison Transmission's stock was downgraded by Weiss Ratings from a "buy" to a "hold," indicating a more cautious outlook for the company.
• JPMorgan Chase & Co. also adjusted their price target for Allison Transmission, lowering it from $95.00 to $90.00, maintaining a "neutral" rating.
• Despite the downgrade, Allison Transmission reported earnings of $2.29 per share, surpassing analyst expectations of $2.20, and generated revenue of $814 million in the last quarter.

Allison Transmission (NYSE:ALSN - Get Free Report) was downgraded by Weiss Ratings from a "buy (b-)" rating to a "hold (c+)" rating in a note issued to investors on Friday,Weiss Ratings reports.

ALSN has been the subject of several other reports. JPMorgan Chase & Co. lowered their price objective on shares of Allison Transmission from $95.00 to $90.00 and set a "neutral" rating for the company in a report on Tuesday, October 14th. Zacks Research upgraded shares of Allison Transmission from a "strong sell" rating to a "hold" rating in a report on Friday, September 19th. Finally, Raymond James Financial lowered their target price on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Monday, July 21st. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $97.38.

Allison Transmission Trading Down 0.2%

Shares of Allison Transmission stock traded down $0.14 during trading on Friday, reaching $83.11. 298,172 shares of the stock were exchanged, compared to its average volume of 815,504. The company has a quick ratio of 2.64, a current ratio of 3.36 and a debt-to-equity ratio of 1.37. The stock's fifty day moving average is $86.13 and its 200 day moving average is $91.59. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 9.45 and a beta of 1.01. Allison Transmission has a 1 year low of $79.35 and a 1 year high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, topping analysts' consensus estimates of $2.20 by $0.09. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The company had revenue of $814.00 million during the quarter, compared to analyst estimates of $811.05 million. During the same period in the prior year, the business posted $2.13 earnings per share. Allison Transmission's revenue for the quarter was down .2% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Allison Transmission

Several institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC grew its position in Allison Transmission by 9.8% in the 1st quarter. GAMMA Investing LLC now owns 1,550 shares of the auto parts company's stock worth $148,000 after purchasing an additional 138 shares during the period. KBC Group NV grew its position in shares of Allison Transmission by 3.7% during the 1st quarter. KBC Group NV now owns 3,596 shares of the auto parts company's stock valued at $344,000 after acquiring an additional 127 shares during the period. Kendall Capital Management grew its position in shares of Allison Transmission by 32.5% during the 1st quarter. Kendall Capital Management now owns 13,160 shares of the auto parts company's stock valued at $1,259,000 after acquiring an additional 3,230 shares during the period. Private Trust Co. NA grew its position in shares of Allison Transmission by 32.8% during the 1st quarter. Private Trust Co. NA now owns 636 shares of the auto parts company's stock valued at $61,000 after acquiring an additional 157 shares during the period. Finally, Cannon Global Investment Management LLC grew its position in shares of Allison Transmission by 70.5% during the 1st quarter. Cannon Global Investment Management LLC now owns 10,400 shares of the auto parts company's stock valued at $995,000 after acquiring an additional 4,300 shares during the period. Institutional investors own 96.90% of the company's stock.

About Allison Transmission

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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