Allison Transmission (NYSE:ALSN) Stock Rating Lowered by Wall Street Zen

Allison Transmission (NYSE:ALSN) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Several other equities research analysts also recently weighed in on ALSN. Citigroup cut their target price on shares of Allison Transmission from $108.00 to $95.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. cut their price objective on Allison Transmission from $110.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. The Goldman Sachs Group increased their price objective on Allison Transmission from $80.00 to $90.00 and gave the company a “sell” rating in a research note on Tuesday, May 27th. Raymond James Financial lowered their target price on Allison Transmission from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Finally, Morgan Stanley increased their price target on Allison Transmission from $94.00 to $100.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $98.38.

Allison Transmission Trading Up 2.4%

Shares of NYSE ALSN opened at $92.94 on Friday. Allison Transmission has a twelve month low of $73.65 and a twelve month high of $122.53. The company has a current ratio of 3.05, a quick ratio of 2.37 and a debt-to-equity ratio of 1.44. The stock has a fifty day simple moving average of $97.97 and a 200-day simple moving average of $102.79. The stock has a market capitalization of $7.83 billion, a PE ratio of 10.76 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last released its earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.26. The company had revenue of $766.00 million during the quarter, compared to the consensus estimate of $792.18 million. Allison Transmission had a return on equity of 46.97% and a net margin of 23.55%. Allison Transmission’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.90 EPS. On average, equities analysts forecast that Allison Transmission will post 9.06 earnings per share for the current year.

Insider Activity at Allison Transmission

In related news, VP Ryan A. Milburn sold 3,412 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total transaction of $359,078.88. Following the completion of the sale, the vice president now owns 11,924 shares in the company, valued at $1,254,881.76. This represents a 22.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Coll sold 1,788 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the transaction, the senior vice president now directly owns 15,388 shares in the company, valued at $1,466,938.04. The trade was a 10.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Allison Transmission

Hedge funds have recently made changes to their positions in the business. Transce3nd LLC acquired a new stake in shares of Allison Transmission in the 4th quarter worth $25,000. Kestra Investment Management LLC acquired a new position in shares of Allison Transmission during the fourth quarter worth about $30,000. Vermillion Wealth Management Inc. purchased a new position in Allison Transmission during the fourth quarter worth about $31,000. SVB Wealth LLC acquired a new stake in Allison Transmission in the first quarter valued at about $33,000. Finally, WPG Advisers LLC purchased a new stake in Allison Transmission in the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds 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.