Analysts’ Recent Ratings Updates for Allison Transmission Holdings (ALSN)

A number of research firms have changed their ratings and price targets for Allison Transmission Holdings (NYSE: ALSN):

  • 10/12/2017 – Allison Transmission Holdings was downgraded by analysts at Longbow Research from a “buy” rating to a “neutral” rating.
  • 10/3/2017 – Allison Transmission Holdings was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/3/2017 – Allison Transmission Holdings was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “sell” rating. According to Zacks, “Allison Transmission Holdings, Inc. is engaged in the manufacturing of fully-automatic transmissions for medium- and heavy-duty commercial vehicles, medium- and heavy-tactical U.S. military vehicles and hybrid-propulsion systems for transit buses. The Company’s products are used in a variety of applications including on-highway trucks, buses, motorhomes, off-highway vehicles and equipment and military vehicles. Allison Transmission Holdings, Inc. is headquartered in Indianapolis, Indiana. “
  • 9/27/2017 – Allison Transmission Holdings was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/8/2017 – Allison Transmission Holdings was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/5/2017 – Allison Transmission Holdings was downgraded by analysts at Deutsche Bank AG from a “hold” rating to a “sell” rating. They now have a $33.00 price target on the stock, down previously from $43.00.
  • 9/5/2017 – Allison Transmission Holdings is now covered by analysts at Buckingham Research. They set a “neutral” rating and a $36.00 price target on the stock.
  • 9/1/2017 – Allison Transmission Holdings was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/30/2017 – Allison Transmission Holdings had its “underweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $25.00 price target on the stock, down previously from $31.00.
  • 8/24/2017 – Allison Transmission Holdings was given a new $31.00 price target on by analysts at Piper Jaffray Companies. They now have a “sell” rating on the stock.

Shares of Allison Transmission Holdings, Inc. (NYSE ALSN) traded up 2.21% during trading on Wednesday, reaching $38.36. The company’s stock had a trading volume of 1,043,751 shares. The stock has a 50 day moving average of $35.68 and a 200-day moving average of $36.86. The company has a market capitalization of $5.71 billion, a PE ratio of 21.78 and a beta of 1.20. Allison Transmission Holdings, Inc. has a 1-year low of $27.03 and a 1-year high of $40.25.

Allison Transmission Holdings (NYSE:ALSN) last issued its quarterly earnings data on Monday, July 31st. The auto parts company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.16. Allison Transmission Holdings had a return on equity of 31.27% and a net margin of 14.32%. The business had revenue of $580.00 million during the quarter, compared to analysts’ expectations of $515.03 million. During the same period in the previous year, the firm posted $0.37 earnings per share. The company’s revenue was up 22.1% on a year-over-year basis. On average, analysts expect that Allison Transmission Holdings, Inc. will post $2.12 earnings per share for the current year.

In other news, CFO David S. Graziosi sold 10,736 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $39.91, for a total value of $428,473.76. Following the completion of the sale, the chief financial officer now directly owns 204,859 shares of the company’s stock, valued at approximately $8,175,922.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Randall R. Kirk sold 7,541 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $34.27, for a total value of $258,430.07. Following the completion of the sale, the senior vice president now directly owns 84,494 shares of the company’s stock, valued at $2,895,609.38. The disclosure for this sale can be found here. Insiders have sold a total of 57,541 shares of company stock valued at $2,148,703 over the last three months. 7.90% of the stock is currently owned by insiders.

Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).

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