Allison Transmission (ALSN) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Allison Transmission in the last twelve months. There are currently 2 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" ALSN shares.
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5 brokerages have issued 12 month target prices for Allison Transmission's stock. Their ALSN share price forecasts range from $40.00 to $67.00. On average, they predict the company's share price to reach $52.86 in the next twelve months. This suggests that the stock has a possible downside of 12.4%.
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Allison Transmission's stock was trading at $41.60 at the beginning of the year. Since then, ALSN stock has increased by 45.0% and is now trading at $60.33.
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Allison Transmission saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 1,260,000 shares, a decrease of 9.4% from the August 31st total of 1,390,000 shares. Based on an average trading volume of 607,300 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.4% of the company's stock are sold short.
View Allison Transmission's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our ALSN earnings forecast.

Allison Transmission Holdings, Inc. (NYSE:ALSN) announced its earnings results on Thursday, July, 27th. The auto parts company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.31. The auto parts company had revenue of $783 million for the quarter, compared to analyst estimates of $735.95 million. Allison Transmission had a net margin of 21.17% and a trailing twelve-month return on equity of 67.93%. The company's revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.26 earnings per share.

Allison Transmission declared a quarterly dividend on Thursday, August 3rd. Stockholders of record on Monday, August 14th will be given a dividend of $0.23 per share on Thursday, August 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Friday, August 11th.
Read our dividend analysis for ALSN.

ETFs with the largest weight of Allison Transmission (NYSE:ALSN) stock in their portfolio include LeaderShares AlphaFactor Tactical Focused ETF (LSAT), Procure Disaster Recovery Strategy ETF (FIXT), Procure Disaster Recovery Strategy ETF (FEMA), Euclidean Fundamental Value ETF (ECML), SPDR S&P Kensho Smart Mobility ETF (HAIL), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), Fidelity U.S. Multifactor ETF (FLRG) and First Trust Nasdaq Transportation ETF (FTXR).

Allison Transmission (NYSE:ALSN) pays an annual dividend of $0.92 per share and currently has a dividend yield of 1.55%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALSN will have a dividend payout ratio of 12.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALSN.

Allison Transmission updated its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.96 billion-$3.04 billion, compared to the consensus revenue estimate of $2.97 billion.

20 employees have rated Allison Transmission Chief Executive Officer David S. Graziosi on Glassdoor.com. David S. Graziosi has an approval rating of 43% among the company's employees. This puts David S. Graziosi in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Allison Transmission investors own include Alibaba Group (BABA), Energy Transfer (ET), Advanced Micro Devices (AMD), NVIDIA (NVDA), Micron Technology (MU), AT&T (T), Applied Materials (AMAT), Tesla (TSLA), Verizon Communications (VZ) and Salesforce (CRM).

Allison Transmission trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALSN."

Allison Transmission's stock is owned by a number of institutional and retail investors. Top institutional investors include Burgundy Asset Management Ltd. (5.66%), LSV Asset Management (4.56%), BlackRock Inc. (4.18%), Renaissance Technologies LLC (3.74%), London Co. of Virginia (2.67%) and Boston Partners (1.92%). Insiders that own company stock include David S Graziosi, Eric C Scroggins, G Frederick Bohley, John Coll, Michael Dick, Ryan A Milburn, Thomas Eifert and Thomas W Rabaut.
View institutional ownership trends.

Shares of ALSN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ALSN stock can currently be purchased for approximately $60.33.

Allison Transmission (NYSE:ALSN) has a market capitalization of $5.40 billion and generates $2.95 billion in revenue each year. The auto parts company earns $531 million in net income (profit) each year or $6.74 on an earnings per share basis.

The company employs 3,500 workers across the globe.

Allison Transmission's mailing address is ONE ALLISON WAY, INDIANAPOLIS IN, 46222. The official website for the company is www.allisontransmission.com. The auto parts company can be reached via phone at (317) 242-5000, via email at ir@allisontransmission.com, or via fax at 317-242-0630.