Citigroup Cuts Allison Transmission (NYSE:ALSN) Price Target to $39.00

Allison Transmission (NYSE:ALSN – Get Rating) had its price target cut by investment analysts at Citigroup from $41.00 to $39.00 in a research note issued to investors on Tuesday, April 12th, The Fly reports. Citigroup’s price target would suggest a potential downside of 1.74% from the company’s previous close.

A number of other research firms also recently commented on ALSN. TheStreet downgraded shares of Allison Transmission from a “b” rating to a “c+” rating in a report on Friday, March 11th. Credit Suisse Group downgraded shares of Allison Transmission from an “outperform” rating to a “neutral” rating and set a $48.00 price objective for the company. in a report on Tuesday, February 22nd. StockNews.com started coverage on shares of Allison Transmission in a report on Thursday, March 31st. They set a “buy” rating for the company. The Goldman Sachs Group raised their price objective on shares of Allison Transmission from $35.00 to $38.00 in a report on Thursday, February 17th. Finally, Morgan Stanley lifted their price target on shares of Allison Transmission from $31.00 to $32.00 and gave the company an “underweight” rating in a report on Tuesday, April 5th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Allison Transmission presently has a consensus rating of “Hold” and a consensus target price of $39.43.

NYSE:ALSN traded up $0.78 during midday trading on Tuesday, reaching $39.69. The stock had a trading volume of 898,580 shares, compared to its average volume of 894,988. Allison Transmission has a 1-year low of $32.55 and a 1-year high of $46.40. The firm’s fifty day simple moving average is $38.33 and its 200-day simple moving average is $37.44. The company has a debt-to-equity ratio of 3.69, a current ratio of 1.52 and a quick ratio of 1.09. The stock has a market capitalization of $3.85 billion, a P/E ratio of 8.94, a PEG ratio of 1.03 and a beta of 0.95.

Allison Transmission (NYSE:ALSN – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The auto parts company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.14. Allison Transmission had a net margin of 18.10% and a return on equity of 65.55%. During the same period last year, the business posted $1.07 EPS. On average, equities research analysts anticipate that Allison Transmission will post 5.14 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of ALSN. Fieldpoint Private Securities LLC acquired a new position in Allison Transmission during the third quarter valued at approximately $31,000. Point72 Hong Kong Ltd bought a new position in Allison Transmission in the third quarter valued at approximately $38,000. First Horizon Advisors Inc. lifted its stake in Allison Transmission by 68.3% in the fourth quarter. First Horizon Advisors Inc. now owns 1,220 shares of the auto parts company’s stock valued at $44,000 after buying an additional 495 shares in the last quarter. UMB Bank N A MO bought a new position in Allison Transmission in the fourth quarter valued at approximately $50,000. Finally, Trust Co. of Vermont bought a new position in Allison Transmission in the fourth quarter valued at approximately $52,000.

Allison Transmission Company Profile (Get Rating)

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. It offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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