Citigroup Issues Pessimistic Forecast for Allison Transmission (NYSE:ALSN) Stock Price

Allison Transmission (NYSE:ALSN) had its target price dropped by Citigroup from $108.00 to $95.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. Citigroup’s price objective would suggest a potential upside of 3.26% from the company’s current price.

A number of other research analysts also recently commented on ALSN. StockNews.com downgraded shares of Allison Transmission from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. reduced their price target on Allison Transmission from $129.00 to $110.00 and set a “neutral” rating for the company in a report on Tuesday, March 18th. Morgan Stanley raised their price objective on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group boosted their target price on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $99.50.

Allison Transmission Price Performance

NYSE ALSN opened at $92.00 on Tuesday. The company has a market capitalization of $7.84 billion, a PE ratio of 11.07 and a beta of 0.95. Allison Transmission has a 12-month low of $71.49 and a 12-month high of $122.53. The firm’s 50 day moving average is $99.59 and its 200-day moving average is $106.31. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. Equities research analysts anticipate that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Allison Transmission announced that its Board of Directors has authorized a share buyback plan on Thursday, February 20th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to buy up to 57.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the sale, the vice president now owns 14,138 shares of the company’s stock, valued at approximately $1,360,075.60. The trade was a 24.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP John Coll sold 1,788 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total transaction of $170,450.04. Following the completion of the transaction, the senior vice president now owns 15,388 shares of the company’s stock, valued at approximately $1,466,938.04. This trade represents a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Merit Financial Group LLC raised its holdings in shares of Allison Transmission by 120.3% during the first quarter. Merit Financial Group LLC now owns 5,300 shares of the auto parts company’s stock valued at $507,000 after purchasing an additional 2,894 shares during the period. NBC Securities Inc. raised its stake in Allison Transmission by 108,550.0% during the 1st quarter. NBC Securities Inc. now owns 4,346 shares of the auto parts company’s stock worth $415,000 after buying an additional 4,342 shares during the period. GAMMA Investing LLC raised its stake in Allison Transmission by 10,402.1% during the 1st quarter. GAMMA Investing LLC now owns 148,289 shares of the auto parts company’s stock worth $14,187,000 after buying an additional 146,877 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Allison Transmission by 363.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company’s stock worth $48,000 after acquiring an additional 392 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Allison Transmission by 11.3% in the fourth quarter. Wellington Management Group LLP now owns 18,456 shares of the auto parts company’s stock valued at $1,994,000 after acquiring an additional 1,871 shares during the period. 96.90% of the stock is owned by institutional investors.

About Allison Transmission

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.