Zacks Research Downgrades Allison Transmission (NYSE:ALSN) to Strong Sell

Allison Transmission (NYSE:ALSN) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts have also recently issued reports on the company. Citigroup lowered their price objective on Allison Transmission from $105.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 24th. The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the company a “sell” rating in a report on Tuesday, May 27th. Morgan Stanley increased their price objective on shares of Allison Transmission from $94.00 to $100.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. Raymond James Financial reduced their price objective on shares of Allison Transmission from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Monday, July 21st. Finally, Wall Street Zen cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $98.38.

Allison Transmission Stock Down 0.7%

ALSN stock opened at $87.2020 on Tuesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64. The company has a 50-day moving average of $91.21 and a two-hundred day moving average of $96.22. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 9.91 and a beta of 0.97. Allison Transmission has a 52-week low of $80.39 and a 52-week high of $122.53.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.09. Allison Transmission had a net margin of 23.81% and a return on equity of 45.56%. The business had revenue of $814.00 million during the quarter, compared to analyst estimates of $811.05 million. During the same quarter in the prior year, the business earned $2.13 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Allison Transmission has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Allison Transmission will post 9.06 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Transce3nd LLC bought a new stake in Allison Transmission during the 4th quarter worth about $25,000. Trust Co. of Toledo NA OH acquired a new position in shares of Allison Transmission during the second quarter worth approximately $28,000. Vermillion Wealth Management Inc. acquired a new position in shares of Allison Transmission during the fourth quarter worth approximately $31,000. SVB Wealth LLC bought a new stake in shares of Allison Transmission during the first quarter valued at approximately $33,000. Finally, WPG Advisers LLC acquired a new stake in shares of Allison Transmission in the first quarter valued at approximately $34,000. 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.