JPMorgan Chase & Co. Cuts Allison Transmission (NYSE:ALSN) Price Target to $90.00

Key Points

• JPMorgan Chase & Co. has reduced its price target for Allison Transmission from $95.00 to $90.00, maintaining a "neutral" rating for the stock.
• The current average rating for Allison Transmission is "Hold," with a consensus price target of $97.38, as three analysts rate it as a Buy, five as Hold, and two as Sell.
• Allison Transmission recently reported a quarterly earnings per share of $2.29, slightly exceeding expectations, but its revenue was down 0.2% year-over-year.

Allison Transmission (NYSE:ALSN - Get Free Report) had its target price cut by stock analysts at JPMorgan Chase & Co. from $95.00 to $90.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the auto parts company's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 11.46% from the company's previous close.

ALSN has been the topic of a number of other reports. Bank of America boosted their price objective on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research note on Monday, June 16th. Citigroup reduced their price objective on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, June 24th. Zacks Research raised Allison Transmission from a "strong sell" rating to a "hold" rating in a report on Friday, September 19th. Wall Street Zen cut Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, Raymond James Financial reduced their target price on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a report on Monday, July 21st. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Allison Transmission presently has an average rating of "Hold" and a consensus price target of $97.38.

Allison Transmission Stock Up 1.6%

ALSN opened at $80.75 on Tuesday. Allison Transmission has a twelve month low of $79.36 and a twelve month high of $122.53. The company's 50-day moving average price is $87.17 and its two-hundred day moving average price is $92.14. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 9.18 and a beta of 1.01. The company has a quick ratio of 2.64, a current ratio of 3.36 and a debt-to-equity ratio of 1.37.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.20 by $0.09. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The business had revenue of $814.00 million for the quarter, compared to the consensus estimate of $811.05 million. During the same quarter in the prior year, the business earned $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 analysts expect that Allison Transmission will post 9.06 earnings per share for the current year.

Hedge Funds Weigh In On Allison Transmission

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Stolper Co purchased a new position in shares of Allison Transmission during the 3rd quarter valued at about $6,417,000. Wedge Capital Management L L P NC grew its position in Allison Transmission by 20.0% during the third quarter. Wedge Capital Management L L P NC now owns 167,020 shares of the auto parts company's stock valued at $14,177,000 after acquiring an additional 27,816 shares during the last quarter. AdvisorNet Financial Inc raised its stake in shares of Allison Transmission by 44.0% during the third quarter. AdvisorNet Financial Inc now owns 1,014 shares of the auto parts company's stock worth $86,000 after acquiring an additional 310 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Allison Transmission by 334.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 204,870 shares of the auto parts company's stock worth $17,389,000 after acquiring an additional 157,666 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its stake in shares of Allison Transmission by 547.8% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 16,441 shares of the auto parts company's stock valued at $1,396,000 after purchasing an additional 13,903 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

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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