Allison Transmission (NYSE:ALSN) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of Allison Transmission (NYSE:ALSN) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

A number of other equities analysts also recently issued reports on ALSN. Morgan Stanley raised their price objective on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Wall Street Zen downgraded shares of Allison Transmission from a “buy” rating to a “hold” rating in a research report on Sunday, June 22nd. Citigroup cut their price objective on shares of Allison Transmission from $105.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, June 24th. Raymond James Financial decreased 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. Finally, The Goldman Sachs Group lifted their target price on Allison Transmission from $80.00 to $90.00 and gave the company a “sell” rating in a research report on Tuesday, May 27th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $98.38.

Allison Transmission Stock Performance

ALSN stock opened at $87.2020 on Tuesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64. Allison Transmission has a 1 year low of $80.39 and a 1 year high of $122.53. The company has a market cap of $7.29 billion, a P/E ratio of 9.91 and a beta of 0.97. The stock’s fifty day moving average price is $91.21 and its 200-day moving average price is $96.22.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.09. The company had revenue of $814.00 million for the quarter, compared to the consensus estimate of $811.05 million. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.Allison Transmission’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.13 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Allison Transmission will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, August 20th. Allison Transmission’s payout ratio is presently 12.27%.

Institutional Trading of Allison Transmission

Several institutional investors have recently made changes to their positions in the business. Transce3nd LLC purchased a new position in Allison Transmission in the 4th quarter worth approximately $25,000. Vermillion Wealth Management Inc. bought a new stake in shares of Allison Transmission during the fourth quarter valued at approximately $31,000. Trust Co. of Toledo NA OH purchased a new position in shares of Allison Transmission in the second quarter worth $28,000. SVB Wealth LLC bought a new position in shares of Allison Transmission during the first quarter worth $33,000. Finally, WPG Advisers LLC purchased a new position in Allison Transmission during the first quarter valued at $34,000. Hedge funds and other institutional investors 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.