Raymond James Financial Issues Pessimistic Forecast for Allison Transmission (NYSE:ALSN) Stock Price

Allison Transmission (NYSE:ALSN - Get Free Report) had its price target decreased by analysts at Raymond James Financial from $110.00 to $105.00 in a report released on Monday,Benzinga reports. The firm currently has an "outperform" rating on the auto parts company's stock. Raymond James Financial's price target points to a potential upside of 21.31% from the stock's current price.

Several other analysts also recently commented on the stock. Morgan Stanley upped their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Wall Street Zen downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Citigroup cut 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 report on Tuesday, June 24th. Robert W. Baird cut their price objective on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Finally, Bank of America upped their price objective on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research report on Monday, June 16th. Two research 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's stock. According to MarketBeat, Allison Transmission has an average rating of "Hold" and an average price target of $98.38.

Allison Transmission Stock Down 0.5%

NYSE ALSN traded down $0.44 on Monday, hitting $86.56. 141,294 shares of the stock were exchanged, compared to its average volume of 677,543. The company has a quick ratio of 2.37, a current ratio of 3.05 and a debt-to-equity ratio of 1.44. Allison Transmission has a fifty-two week low of $78.71 and a fifty-two week high of $122.53. The company has a market cap of $7.29 billion, a PE ratio of 10.02 and a beta of 0.96. The company has a 50-day moving average price of $98.40 and a 200-day moving average price of $100.34.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $792.18 million. During the same quarter in the prior year, the business posted $1.90 EPS. The company's revenue for the quarter was down 2.9% on a year-over-year basis. Sell-side analysts anticipate that Allison Transmission will post 9.06 EPS for the current fiscal year.

Insider Activity

In related news, VP Ryan A. Milburn sold 3,412 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total value of $359,078.88. Following the sale, the vice president directly owned 11,924 shares of the company's stock, valued at approximately $1,254,881.76. This trade represents a 22.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. 111 Capital acquired a new stake in shares of Allison Transmission during the fourth quarter worth approximately $599,000. Jefferies Financial Group Inc. acquired a new position in shares of Allison Transmission during the fourth quarter valued at $901,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Allison Transmission by 35.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 57,788 shares of the auto parts company's stock valued at $6,245,000 after acquiring an additional 14,994 shares during the period. EAM Investors LLC acquired a new position in shares of Allison Transmission during the fourth quarter valued at $5,766,000. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Allison Transmission by 14.5% during the fourth quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company's stock valued at $5,729,000 after acquiring an additional 6,728 shares during the period. 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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