Citigroup Has Lowered Expectations for Allison Transmission (NYSE:ALSN) Stock Price

Allison Transmission (NYSE:ALSN - Get Free Report) had its price target dropped by investment analysts at Citigroup from $105.00 to $100.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the auto parts company's stock. Citigroup's target price indicates a potential upside of 6.91% from the stock's current price.

Several other research firms also recently weighed in on ALSN. Morgan Stanley upped their price target on Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Bank of America increased their price target on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research note on Monday, June 16th. Raymond James Financial lowered their price objective on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, The Goldman Sachs Group raised their price target 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $99.00.

Allison Transmission Stock Up 0.9%

NYSE:ALSN traded up $0.80 during trading hours on Tuesday, hitting $93.53. 136,481 shares of the company traded hands, compared to its average volume of 661,591. Allison Transmission has a one year low of $73.65 and a one year high of $122.53. The company has a quick ratio of 2.37, a current ratio of 3.05 and a debt-to-equity ratio of 1.44. The company has a market cap of $7.88 billion, a PE ratio of 10.82 and a beta of 1.00. The firm's 50-day simple moving average is $98.04 and its 200-day simple moving average is $102.61.

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

Insiders Place Their Bets

In other Allison Transmission news, VP Ryan A. Milburn sold 3,412 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total transaction of $359,078.88. Following the completion of the sale, the vice president now directly owns 11,924 shares of the company's stock, valued at approximately $1,254,881.76. This trade represents a 22.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Coll sold 1,788 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the transaction, the senior vice president now owns 15,388 shares in the company, valued at approximately $1,466,938.04. This trade represents a 10.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Allison Transmission

Large investors have recently modified their holdings of the business. FMR LLC increased its position in Allison Transmission by 1.9% during the fourth quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock worth $1,404,025,000 after purchasing an additional 247,318 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Allison Transmission by 3.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,652,996 shares of the auto parts company's stock worth $286,683,000 after purchasing an additional 76,840 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in Allison Transmission by 301.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock worth $257,046,000 after acquiring an additional 1,785,687 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Allison Transmission by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,867,799 shares of the auto parts company's stock worth $178,686,000 after buying an additional 10,208 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Allison Transmission by 4.3% during the 1st quarter. AQR Capital Management LLC now owns 1,610,913 shares of the auto parts company's stock valued at $151,281,000 after buying an additional 65,826 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

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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