Zacks Research Downgrades Allison Transmission (NYSE:ALSN) to Strong Sell

Allison Transmission (NYSE:ALSN) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other research firms also recently issued reports on ALSN. 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 Allison Transmission from $105.00 to $100.00 and set a “neutral” rating for the company in a report on Tuesday, June 24th. Raymond James Financial reduced their price objective on Allison Transmission from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, July 21st. Bank of America boosted their target price on Allison Transmission from $74.00 to $79.00 and gave the company an “underperform” rating in a research note on Monday, June 16th. Finally, Morgan Stanley raised their price target on Allison Transmission from $94.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $98.38.

Allison Transmission Trading Down 0.7%

NYSE:ALSN opened at $87.2020 on Tuesday. The stock has a market cap of $7.29 billion, a PE ratio of 9.91 and a beta of 0.97. Allison Transmission has a fifty-two week low of $80.39 and a fifty-two week high of $122.53. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64. The stock’s 50-day moving average is $91.21 and its two-hundred day moving average is $96.22.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. 111 Capital bought a new position in shares of Allison Transmission during the 4th quarter worth about $599,000. Jefferies Financial Group Inc. acquired a new stake in shares of Allison Transmission during the 4th quarter worth approximately $901,000. Public Employees Retirement System of Ohio raised its stake in shares of Allison Transmission by 35.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 57,788 shares of the auto parts company’s stock valued at $6,245,000 after purchasing an additional 14,994 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Allison Transmission by 10.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 304,230 shares of the auto parts company’s stock worth $32,875,000 after purchasing an additional 28,490 shares during the period. Finally, KBC Group NV increased its holdings in Allison Transmission by 3.7% in the 1st quarter. KBC Group NV now owns 3,596 shares of the auto parts company’s stock valued at $344,000 after buying an additional 127 shares during the period. 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.