The Goldman Sachs Group Lowers Allison Transmission (NYSE:ALSN) Price Target to $35.00

Allison Transmission (NYSE:ALSN) had its price target dropped by analysts at The Goldman Sachs Group from $39.00 to $35.00 in a research note issued to investors on Tuesday, Analyst Price Targets reports. The firm currently has a “sell” rating on the auto parts company’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 1.57% from the company’s previous close.

A number of other equities research analysts also recently weighed in on ALSN. JPMorgan Chase & Co. dropped their target price on Allison Transmission from $39.00 to $36.00 and set an “underweight” rating for the company in a report on Thursday, October 7th. Robert W. Baird reissued a “hold” rating on shares of Allison Transmission in a report on Sunday, August 1st. Zacks Investment Research downgraded Allison Transmission from a “buy” rating to a “hold” rating and set a $42.00 target price for the company. in a report on Thursday, July 15th. Morgan Stanley boosted their price target on Allison Transmission from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, August 2nd. Finally, Citigroup boosted their price target on Allison Transmission from $39.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.91.

ALSN stock opened at $34.46 on Tuesday. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.86 and a quick ratio of 1.38. The company has a fifty day moving average price of $36.81 and a two-hundred day moving average price of $40.02. Allison Transmission has a one year low of $33.70 and a one year high of $46.40. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 1.26 and a beta of 1.16.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Tuesday, July 27th. The auto parts company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.09. Allison Transmission had a return on equity of 48.97% and a net margin of 16.25%. The company had revenue of $603.00 million during the quarter, compared to the consensus estimate of $593.76 million. Research analysts anticipate that Allison Transmission will post 4.07 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in ALSN. Marshall Wace LLP bought a new position in Allison Transmission in the first quarter valued at about $106,000. Principal Financial Group Inc. grew its position in Allison Transmission by 59.4% in the first quarter. Principal Financial Group Inc. now owns 58,066 shares of the auto parts company’s stock valued at $2,371,000 after acquiring an additional 21,647 shares during the last quarter. Teacher Retirement System of Texas grew its position in Allison Transmission by 22.1% in the first quarter. Teacher Retirement System of Texas now owns 12,890 shares of the auto parts company’s stock valued at $526,000 after acquiring an additional 2,334 shares during the last quarter. Acadian Asset Management LLC bought a new position in Allison Transmission in the first quarter valued at about $25,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in Allison Transmission by 60.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 81,607 shares of the auto parts company’s stock valued at $3,488,000 after acquiring an additional 30,851 shares during the last quarter.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc engages in the manufacture and distribution of vehicle propulsion solutions, which includes commercial-duty on-highway, off-highway and defense fully-automatic transmissions and electric-hybrid and fully-electric systems. The company solutions are used in applications, including on-highway trucks, buses, motorhomes, off-highway vehicles and equipment, and defense vehicles.

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Analyst Recommendations for Allison Transmission (NYSE:ALSN)

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