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

Allison Transmission (NYSE:ALSN) had its target price decreased by analysts at Citigroup from $95.00 to $90.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the auto parts company’s stock. Citigroup’s target price points to a potential upside of 8.84% from the company’s current price.

Several other brokerages also recently commented on ALSN. Weiss Ratings downgraded shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Raymond James Financial cut their price target on shares of Allison Transmission from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, July 21st. JPMorgan Chase & Co. decreased their price objective on shares of Allison Transmission from $90.00 to $87.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Zacks Research raised shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $93.00.

Allison Transmission Trading Down 1.1%

NYSE ALSN opened at $82.69 on Friday. The firm has a market cap of $6.91 billion, a PE ratio of 10.13 and a beta of 1.01. Allison Transmission has a 1-year low of $76.01 and a 1-year high of $122.53. The stock has a 50-day moving average of $85.54 and a 200-day moving average of $91.39. The company has a current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.32). Allison Transmission had a return on equity of 41.37% and a net margin of 22.78%.The company had revenue of $693.00 million for the quarter, compared to the consensus estimate of $779.97 million. During the same quarter in the previous year, the business earned $2.27 earnings per share. Allison Transmission’s revenue was down 15.9% compared to the same quarter last year. Allison Transmission has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Allison Transmission will post 9.06 EPS for the current year.

Hedge Funds Weigh In On Allison Transmission

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALSN. AQR Capital Management LLC grew its position in shares of Allison Transmission by 18.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock worth $181,741,000 after buying an additional 304,974 shares during the period. Dimensional Fund Advisors LP boosted its stake in Allison Transmission by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,867,799 shares of the auto parts company’s stock worth $178,686,000 after acquiring an additional 10,208 shares in the last quarter. State Street Corp grew its holdings in Allison Transmission by 1.1% in the second quarter. State Street Corp now owns 1,652,290 shares of the auto parts company’s stock worth $156,951,000 after purchasing an additional 17,783 shares during the period. Federated Hermes Inc. grew its holdings in Allison Transmission by 35.7% in the second quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock worth $146,740,000 after purchasing an additional 406,540 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Allison Transmission by 6.8% during the first quarter. Invesco Ltd. now owns 1,262,619 shares of the auto parts company’s stock valued at $120,795,000 after purchasing an additional 80,653 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

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.