Allison Transmission (ALSN) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Allison Transmission in the last year. There are currently 3 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ALSN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALSN, but not buy additional shares or sell existing shares.
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6 brokerages have issued 1 year target prices for Allison Transmission's stock. Their ALSN share price forecasts range from $37.00 to $52.00. On average, they expect the company's stock price to reach $44.57 in the next year. This suggests that the stock has a possible downside of 11.5%.
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Allison Transmission's stock was trading at $41.60 at the beginning of the year. Since then, ALSN shares have increased by 21.1% and is now trading at $50.38.
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Allison Transmission saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,940,000 shares, a drop of 8.1% from the April 30th total of 2,110,000 shares. Based on an average daily trading volume, of 789,300 shares, the days-to-cover ratio is currently 2.5 days. Currently, 2.2% of the company's stock are short sold.
View Allison Transmission's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our ALSN earnings forecast.

Allison Transmission Holdings, Inc. (NYSE:ALSN) released its earnings results on Thursday, April, 27th. The auto parts company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.33. The auto parts company had revenue of $741 million for the quarter, compared to the consensus estimate of $717.42 million. Allison Transmission had a net margin of 20.19% and a trailing twelve-month return on equity of 67.83%. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.30 EPS.

Allison Transmission announced a quarterly dividend on Wednesday, May 3rd. Shareholders of record on Monday, May 15th will be given a dividend of $0.23 per share on Wednesday, May 31st. This represents a $0.92 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Friday, May 12th.
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), SPDR S&P Kensho Smart Mobility ETF (HAIL), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), LeaderShares AlphaFactor US Core Equity ETF (LSAF), Fidelity U.S. Multifactor ETF (FLRG), AB US High Dividend ETF (HIDV), First Trust Nasdaq Transportation ETF (FTXR) and Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA).

Allison Transmission (NYSE:ALSN) pays an annual dividend of $0.92 per share and currently has a dividend yield of 1.81%. 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 15.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALSN will have a dividend payout ratio of 13.55% 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, April, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.90 billion-$3.00 billion, compared to the consensus revenue estimate of $2.90 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 many different retail and institutional investors. Top institutional shareholders include FMR LLC (11.48%), Burgundy Asset Management Ltd. (5.82%), LSV Asset Management (4.69%), BlackRock Inc. (4.52%), Renaissance Technologies LLC (3.86%) and AQR Capital Management LLC (3.80%). Insiders that own company stock include David S Graziosi, Eric C Scroggins, G Frederick Bohley, Michael Dick, Ryan A Milburn 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 $50.38.

Allison Transmission (NYSE:ALSN) has a market capitalization of $4.59 billion and generates $2.77 billion in revenue each year. The auto parts company earns $531 million in net income (profit) each year or $6.08 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.