Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives $98.38 Average PT from Analysts

by · The Markets Daily

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Free Report) have been given an average rating of “Hold” by the ten ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $97.3750.

ALSN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Allison Transmission in a research note on Wednesday, October 8th. Wall Street Zen cut Allison Transmission from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Raymond James Financial lowered their price target on Allison Transmission from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Monday, July 21st. Finally, Citigroup lowered their price target on Allison Transmission from $105.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, June 24th.

Read Our Latest Report on ALSN

Hedge Funds Weigh In On Allison Transmission

Institutional investors and hedge funds have recently modified their holdings of the business. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Allison Transmission by 109.1% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company’s stock valued at $88,919,000 after purchasing an additional 484,916 shares during the period. KBC Group NV grew its position in shares of Allison Transmission by 3.7% in the 1st quarter. KBC Group NV now owns 3,596 shares of the auto parts company’s stock valued at $344,000 after purchasing an additional 127 shares during the period. Private Trust Co. NA grew its position in shares of Allison Transmission by 32.8% in the 1st quarter. Private Trust Co. NA now owns 636 shares of the auto parts company’s stock valued at $61,000 after purchasing an additional 157 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Allison Transmission by 3.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 75,793 shares of the auto parts company’s stock valued at $7,251,000 after purchasing an additional 2,793 shares during the period. Finally, Kendall Capital Management grew its position in shares of Allison Transmission by 32.5% in the 1st quarter. Kendall Capital Management now owns 13,160 shares of the auto parts company’s stock valued at $1,259,000 after purchasing an additional 3,230 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Stock Performance

Shares of NYSE:ALSN opened at $81.65 on Tuesday. The stock has a market capitalization of $6.83 billion, a P/E ratio of 9.28 and a beta of 1.01. Allison Transmission has a 1-year low of $79.35 and a 1-year high of $122.53. The company has a current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37. The business has a 50-day moving average price of $86.87 and a two-hundred day moving average price of $91.91.

Allison Transmission (NYSE:ALSN – Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.09. The firm had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $811.05 million. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.13 EPS. Allison Transmission has set its FY 2025 guidance at EPS. Equities analysts predict that Allison Transmission will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Wednesday, August 20th were given a $0.27 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $1.08 annualized dividend and a dividend yield of 1.3%. Allison Transmission’s payout ratio is currently 12.27%.

Allison Transmission Company Profile

(Get Free Report)

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.

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