Raymond James Has Lowered Expectations for Allison Transmission (NYSE:ALSN) Stock Price

Allison Transmission (NYSE:ALSN) had its price objective decreased by equities research analysts at Raymond James from $115.00 to $110.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the auto parts company’s stock. Raymond James’ target price indicates a potential upside of 23.70% from the stock’s current price.

Several other research analysts have also recently weighed in on ALSN. Citigroup decreased their price objective on shares of Allison Transmission from $108.00 to $95.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their target price on shares of Allison Transmission from $110.00 to $98.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Morgan Stanley raised their price target on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Finally, StockNews.com upgraded Allison Transmission from a “hold” rating to a “buy” rating in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Allison Transmission currently has a consensus rating of “Hold” and a consensus target price of $100.13.

Allison Transmission Trading Down 0.5 %

Shares of NYSE ALSN opened at $88.93 on Monday. The firm’s 50 day moving average price is $97.54 and its 200-day moving average price is $106.15. Allison Transmission has a 52-week low of $71.49 and a 52-week high of $122.53. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. The company has a market cap of $7.58 billion, a PE ratio of 10.70 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS 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%. On average, equities research analysts expect that Allison Transmission will post 9.06 EPS for the current fiscal year.

Allison Transmission declared that its board has authorized a stock buyback program on Thursday, February 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the auto parts company to repurchase up to 57.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of the 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 completion of the transaction, the vice president now owns 14,138 shares in the company, valued at $1,360,075.60. This trade represents a 24.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value 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 represents a 10.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Allison Transmission by 9.8% during the first quarter. GAMMA Investing LLC now owns 1,550 shares of the auto parts company’s stock valued at $148,000 after buying an additional 138 shares during the period. Pallas Capital Advisors LLC increased its position in Allison Transmission by 58.7% during the 1st quarter. Pallas Capital Advisors LLC now owns 4,236 shares of the auto parts company’s stock valued at $405,000 after purchasing an additional 1,567 shares during the period. City State Bank raised its holdings in shares of Allison Transmission by 132.1% in the 1st quarter. City State Bank now owns 1,625 shares of the auto parts company’s stock valued at $155,000 after purchasing an additional 925 shares in the last quarter. Vest Financial LLC purchased a new stake in shares of Allison Transmission in the 1st quarter worth approximately $2,342,000. Finally, Merit Financial Group LLC boosted its stake 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 in the last quarter. 96.90% of the stock is owned by hedge funds and other 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.