Citigroup Lowers Allison Transmission (NYSE:ALSN) Price Target to $115.00

Allison Transmission (NYSE:ALSN) had its price objective cut by Citigroup from $120.00 to $115.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

Several other equities analysts have also commented on the company. Oppenheimer boosted their price target on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their target price on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 12th. Robert W. Baird upped their target price on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. Finally, Bank of America upped their target price on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Allison Transmission currently has a consensus rating of “Hold” and a consensus target price of $100.75.

Allison Transmission Stock Down 12.4 %

Shares of NYSE:ALSN opened at $100.03 on Wednesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. Allison Transmission has a 1 year low of $61.04 and a 1 year high of $122.53. The stock has a market capitalization of $8.66 billion, a P/E ratio of 12.18, a PEG ratio of 1.82 and a beta of 1.00. The stock has a 50-day simple moving average of $113.61 and a 200-day simple moving average of $103.66.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS 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 analysts forecast that Allison Transmission will post 8.22 earnings per share for the current year.

Insider Activity

In related news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction of $216,800.00. Following the completion of the transaction, the senior vice president now directly owns 6,420 shares in the company, valued at $695,928. This represents a 23.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David S. Graziosi sold 5,326 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $120.12, for a total value of $639,759.12. Following the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,280,219.96. The trade was a 3.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,639 shares of company stock worth $2,683,537. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. SRH Advisors LLC bought a new position in Allison Transmission during the 4th quarter worth $26,000. Kestra Investment Management LLC bought a new position in shares of Allison Transmission in the fourth quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Allison Transmission in the fourth quarter worth $31,000. Quarry LP grew its stake in shares of Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after purchasing an additional 114 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its stake in shares of Allison Transmission by 1,650.0% in the fourth quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company’s stock worth $45,000 after purchasing an additional 396 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

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.