Allison Transmission (ALSN) Lowered to Neutral at Mizuho

Allison Transmission (NYSE:ALSN) was downgraded by investment analysts at Mizuho from a “buy” rating to a “neutral” rating in a report issued on Wednesday, The Fly reports.

Other analysts have also recently issued research reports about the stock. Citigroup dropped their target price on shares of Allison Transmission from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Oppenheimer set a $50.00 target price on shares of Allison Transmission and gave the company a “buy” rating in a report on Monday, October 29th. ValuEngine cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th. Buckingham Research set a $50.00 target price on shares of Allison Transmission and gave the company a “hold” rating in a report on Thursday, October 11th. Finally, Zacks Investment Research cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $48.73.

Shares of Allison Transmission stock opened at $47.68 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 1.33 and a debt-to-equity ratio of 3.69. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 17.92, a P/E/G ratio of 0.96 and a beta of 1.31. Allison Transmission has a 12-month low of $37.41 and a 12-month high of $53.76.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Monday, October 29th. The auto parts company reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.17. The business had revenue of $692.00 million for the quarter, compared to the consensus estimate of $656.52 million. Allison Transmission had a net margin of 26.64% and a return on equity of 90.71%. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 EPS. On average, analysts forecast that Allison Transmission will post 4.62 earnings per share for the current year.

In related news, Director Lawrence E. Dewey sold 106,176 shares of the company’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $46.13, for a total value of $4,897,898.88. Following the transaction, the director now owns 215,152 shares in the company, valued at approximately $9,924,961.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 8.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ALSN. Rehmann Capital Advisory Group boosted its stake in Allison Transmission by 202.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 934 shares of the auto parts company’s stock worth $49,000 after purchasing an additional 625 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Allison Transmission by 595.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,954 shares of the auto parts company’s stock worth $154,000 after purchasing an additional 2,529 shares in the last quarter. Montag A & Associates Inc. bought a new position in Allison Transmission in the 3rd quarter worth about $218,000. New Vernon Capital Holdings II LLC bought a new position in Allison Transmission in the 3rd quarter worth about $218,000. Finally, CIBC Asset Management Inc bought a new position in Allison Transmission in the 3rd quarter worth about $252,000.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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