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

Allison Transmission (NYSE:ALSN - Get Free Report) had its price objective cut by investment analysts at Citigroup from $105.00 to $100.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the auto parts company's stock. Citigroup's target price would suggest a potential upside of 5.73% from the company's current price.

Several other equities analysts have also recently issued reports on the stock. Bank of America upped their price target on shares of Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research report on Monday, June 16th. Raymond James Financial reduced their price objective 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. Wall Street Zen cut Allison Transmission from a "buy" rating to a "hold" rating in a research note on Sunday, June 22nd. The Goldman Sachs Group boosted their target price on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. lowered their price target on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $99.00.

Allison Transmission Price Performance

ALSN stock traded up $0.47 during mid-day trading on Tuesday, hitting $94.58. The stock had a trading volume of 424,165 shares, compared to its average volume of 747,583. The firm has a fifty day simple moving average of $98.34 and a 200 day simple moving average of $102.35. The firm has a market capitalization of $7.97 billion, a P/E ratio of 10.94 and a beta of 1.00. The company has a current ratio of 3.05, a quick ratio of 2.37 and a debt-to-equity ratio of 1.44. Allison Transmission has a 52 week low of $73.80 and a 52 week high of $122.53.

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

Insider Activity

In other news, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the completion of the sale, the senior vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ryan A. Milburn sold 3,412 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total value of $359,078.88. Following the sale, the vice president now owns 11,924 shares of the company's stock, valued at $1,254,881.76. This trade represents a 22.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Allison Transmission

Several hedge funds have recently modified their holdings of ALSN. FMR LLC raised its position in shares of Allison Transmission by 1.9% during the 4th 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. raised its holdings 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 valued at $286,683,000 after acquiring an additional 76,840 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of Allison Transmission by 301.1% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock valued at $257,046,000 after acquiring an additional 1,785,687 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Allison Transmission by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,867,799 shares of the auto parts company's stock valued at $178,686,000 after acquiring 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% in the first quarter. AQR Capital Management LLC now owns 1,610,913 shares of the auto parts company's stock worth $151,281,000 after acquiring an additional 65,826 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

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.