Wells Fargo & Company Initiates Coverage on Allison Transmission (NYSE:ALSN)

Investment analysts at Wells Fargo & Company began coverage on shares of Allison Transmission (NYSE:ALSN) in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage set an “equal weight” rating on the auto parts company’s stock.

ALSN has been the subject of a number of other reports. JPMorgan Chase & Co. cut their price target on Allison Transmission from $90.00 to $87.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Citigroup cut their price objective on shares of Allison Transmission from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Weiss Ratings cut 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 dropped their price target on shares of Allison Transmission from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Monday, July 21st. Finally, Zacks Research upgraded shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $92.00.

Allison Transmission Stock Down 0.8%

Allison Transmission stock traded down $0.64 during trading hours on Thursday, hitting $81.67. The company had a trading volume of 827,057 shares, compared to its average volume of 833,622. Allison Transmission has a fifty-two week low of $76.01 and a fifty-two week high of $122.53. 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 firm has a market capitalization of $6.80 billion, a P/E ratio of 10.01 and a beta of 1.02. The firm’s fifty day moving average is $84.19 and its 200-day moving average is $90.83.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Compound Planning Inc. grew its holdings in shares of Allison Transmission by 5.3% during the 1st quarter. Compound Planning Inc. now owns 2,180 shares of the auto parts company’s stock worth $209,000 after purchasing an additional 109 shares in the last quarter. Callan Family Office LLC boosted its stake in Allison Transmission by 5.1% during the first quarter. Callan Family Office LLC now owns 2,606 shares of the auto parts company’s stock worth $249,000 after buying an additional 126 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in Allison Transmission by 2.1% in the 2nd quarter. Verdence Capital Advisors LLC now owns 6,258 shares of the auto parts company’s stock valued at $594,000 after buying an additional 131 shares during the period. M&T Bank Corp raised its stake in shares of Allison Transmission by 3.8% in the 2nd quarter. M&T Bank Corp now owns 3,786 shares of the auto parts company’s stock valued at $360,000 after buying an additional 138 shares in the last quarter. Finally, Islay Capital Management LLC raised its stake in shares of Allison Transmission by 1.3% in the 1st quarter. Islay Capital Management LLC now owns 10,953 shares of the auto parts company’s stock valued at $1,048,000 after buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Company Profile

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.