Weiss Ratings Reiterates "Buy (B-)" Rating for Allison Transmission (NYSE:ALSN)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B-)" rating for Allison Transmission (NYSE:ALSN), indicating positive outlook from equities researchers.
• Several analysts have varied opinions on Allison Transmission, with three rating it "Buy," five as "Hold," and two as "Sell," reflecting mixed sentiment in the market.
• As of now, Allison Transmission's shares are trading at approximately $83.93, having experienced a slight increase of 0.3% during mid-day trading.

Allison Transmission (NYSE:ALSN - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities analysts also recently issued reports on the stock. Wall Street Zen downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Citigroup cut their price objective on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Raymond James Financial dropped their target price on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Monday, July 21st. Bank of America increased their price objective on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a report on Monday, June 16th. Finally, Zacks Research raised Allison Transmission from a "strong sell" rating to a "hold" rating in a research report on Friday, September 19th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Allison Transmission currently has an average rating of "Hold" and a consensus target price of $98.38.

Allison Transmission Trading Up 0.3%

Shares of Allison Transmission stock traded up $0.24 during mid-day trading on Wednesday, hitting $83.93. 238,401 shares of the stock were exchanged, compared to its average volume of 819,365. The company has a 50-day simple moving average of $87.75 and a 200 day simple moving average of $92.68. The company has a current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37. Allison Transmission has a twelve month low of $80.39 and a twelve month high of $122.53. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of 9.54 and a beta of 1.01.

Allison Transmission (NYSE:ALSN - Get Free Report) last released 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. The company had revenue of $814.00 million for the quarter, compared to analyst estimates of $811.05 million. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The firm's revenue was down .2% compared to the same quarter last year. During the same period last year, the company posted $2.13 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. Research analysts forecast that Allison Transmission will post 9.06 EPS for the current year.

Institutional Investors Weigh In On Allison Transmission

A number of hedge funds have recently made changes to their positions in ALSN. Merit Financial Group LLC increased its position in shares of Allison Transmission by 120.3% during the 1st quarter. Merit Financial Group LLC now owns 5,300 shares of the auto parts company's stock worth $507,000 after purchasing an additional 2,894 shares in the last quarter. Pallas Capital Advisors LLC increased its position in shares of Allison Transmission by 58.7% during the 1st quarter. Pallas Capital Advisors LLC now owns 4,236 shares of the auto parts company's stock worth $405,000 after purchasing an additional 1,567 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Allison Transmission by 9.8% in the first quarter. GAMMA Investing LLC now owns 1,550 shares of the auto parts company's stock valued at $148,000 after buying an additional 138 shares in the last quarter. Salem Investment Counselors Inc. increased its stake in shares of Allison Transmission by 0.4% in the first quarter. Salem Investment Counselors Inc. now owns 56,892 shares of the auto parts company's stock valued at $5,443,000 after buying an additional 250 shares in the last quarter. Finally, Ritholtz Wealth Management increased its stake in shares of Allison Transmission by 18.4% in the first quarter. Ritholtz Wealth Management now owns 24,602 shares of the auto parts company's stock valued at $2,354,000 after buying an additional 3,818 shares in the last quarter. Institutional investors and hedge funds 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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