Citigroup Issues Pessimistic Forecast for Allison Transmission (NYSE:ALSN) Stock Price

Allison Transmission (NYSE:ALSN - Get Free Report) had its target price reduced by analysts at Citigroup from $120.00 to $115.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the auto parts company's stock. Citigroup's price objective would indicate a potential upside of 9.65% from the stock's current price.

Several other brokerages also recently weighed in on ALSN. Morgan Stanley upped their price target on Allison Transmission from $110.00 to $112.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 17th. Oppenheimer increased their price objective on Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Bank of America increased their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a report on Wednesday, October 30th. StockNews.com upgraded Allison Transmission from a "buy" rating to a "strong-buy" rating in a report on Thursday, December 26th. Finally, The Goldman Sachs Group increased their price objective on Allison Transmission from $82.00 to $94.00 and gave the company a "sell" rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $100.75.

Allison Transmission Stock Up 3.2 %

NYSE ALSN traded up $3.28 during trading hours on Wednesday, hitting $104.88. 968,145 shares of the company were exchanged, compared to its average volume of 455,052. The company has a 50 day moving average of $112.94 and a two-hundred day moving average of $103.62. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. Allison Transmission has a 52-week low of $67.61 and a 52-week high of $122.53. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.82 and a beta of 1.00.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.11. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. Equities research analysts anticipate that Allison Transmission will post 8.22 earnings per share for the current year.

Insider Activity at Allison Transmission

In related news, CEO David S. Graziosi sold 5,326 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $120.12, for a total value of $639,759.12. Following the completion of the sale, the chief executive officer now directly owns 168,833 shares of the company's stock, valued at $20,280,219.96. This represents a 3.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the sale, the senior vice president now directly owns 6,420 shares of the company's stock, valued at $695,928. The trade was a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,639 shares of company stock valued at $2,448,077 in the last three months. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Allison Transmission

Hedge funds have recently added to or reduced their stakes in the stock. Transce3nd LLC acquired a new stake in Allison Transmission during the 4th quarter worth approximately $25,000. SRH Advisors LLC acquired a new stake in Allison Transmission during the 4th quarter worth approximately $26,000. Kestra Investment Management LLC acquired a new stake in Allison Transmission during the 4th quarter worth approximately $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Allison Transmission during the 4th quarter worth approximately $31,000. Finally, Quarry LP lifted its holdings in shares of Allison Transmission by 46.7% in the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company's stock valued at $34,000 after buying an additional 114 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.

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.