JPMorgan Chase & Co. Lowers Allison Transmission (NYSE: ALSN) Price Target to $ 36.00

Allison Transmission (NYSE: ALSN) saw its price target lowered by stock research analysts at JPMorgan Chase & Co. from $ 39.00 to $ 36.00 in a research report released Thursday, The Fly reports. The company currently has an “underweight” rating on the shares of the auto parts company. JPMorgan Chase & Co.’s target price would suggest a potential rise of 2.16% from the company’s current price.

Several other brokerage houses have also recently weighed on ALSN. Credit Suisse Group lowered its price target on Allison Transmission shares from $ 55 to $ 51.00 and established an “outperformance” rating for the company in a research note on Friday, July 30. Zacks Investment Research downgraded Allison Transmission’s shares from a “buy” rating to a “keep” rating and set a target price of $ 42.00 for the stock. in a report on Thursday, July 15. Robert W. Baird reissued a “custody” rating on Allison Transmission shares in a report released on Sunday, August 1. Finally, Morgan Stanley raised its target price on Allison Transmission shares from $ 39 to $ 41.00 and gave the company an “equal weight” rating in a report released on Monday, August 2. Four research analysts gave the stock a sell rating, five assigned a conservation rating, and one assigned a buy rating to the company’s stock. According to data from, Allison Transmission currently has an average “Hold” rating and a consensus target price of $ 43.73.

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NYSE ALSN opened at $ 35.24 on Thursday. The company has a 50-day moving average of $ 37.29 and a 200-day moving average of $ 40.20. The company has a debt ratio of 3.42, a quick ratio of 1.38 and a current ratio of 1.86. The stock has a market cap of $ 3.73 billion, a PE ratio of 10.71, a P / E / G ratio of 1.26, and a beta of 1.16. Allison Transmission has a 52-week low of $ 33.93 and a 52-week high of $ 46.40.

Allison Transmission (NYSE: ALSN) last released its results on Tuesday, July 27. The auto parts company reported earnings per share (EPS) of $ 1.01 for the quarter, beating analyst consensus estimates of $ 0.92 by $ 0.09. Allison Transmission had a net margin of 16.25% and a return on equity of 48.97%. The company posted revenue of $ 603.00 million in the quarter, compared to analysts’ expectations of $ 593.76 million. As a group, analysts expect Allison Transmission to post 4.07 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently changed their holdings in ALSN. Acadian Asset Management LLC acquired a new position in shares of Allison Transmission during the 1st quarter valued at $ 25,000. Denali Advisors LLC increased its position in Allison Transmission by 75.0% in the second quarter. Denali Advisors LLC now owns 700 shares of the auto parts company valued at $ 28,000 after purchasing an additional 300 shares during the period. First Horizon Advisors Inc. increased its position in Allison Transmission by 71.4% in the second quarter. First Horizon Advisors Inc. now owns 1,397 shares of the auto parts company valued at $ 55,000 after purchasing an additional 582 shares during the period. Marshall Wace LLP purchased a new position in Allison Transmission during the first quarter valued at approximately $ 106,000. Finally, O Shaughnessy Asset Management LLC increased its stake in Allison Transmission by 8.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,073 shares of the auto parts company valued at $ 125,000 after purchasing 237 additional shares in the last quarter.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc. is engaged in the manufacture and distribution of vehicle propulsion solutions, which include fully automatic on-road, off-road and defense transmissions as well as hybrid electric and fully electric systems. The company’s solutions are used in applications such as highway trucks, buses, RVs, off-road vehicles and equipment, and defense vehicles.

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