Allison Transmission Holdings, Inc. (ALSN) Receives Average Recommendation of “Hold” from Analysts
Allison Transmission Holdings, Inc. (NYSE:ALSN) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $39.63.
Several analysts have recently issued reports on the company. Piper Jaffray Companies reiterated a “sell” rating and issued a $31.00 price objective on shares of Allison Transmission Holdings in a research note on Wednesday, July 12th. Royal Bank Of Canada reissued an “outperform” rating and set a $48.00 target price (up from $46.00) on shares of Allison Transmission Holdings in a research note on Tuesday, August 8th. Stifel Nicolaus set a $41.00 target price on Allison Transmission Holdings and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Robert W. Baird upgraded Allison Transmission Holdings from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $43.00 to $51.00 in a report on Tuesday, August 1st. Finally, BidaskClub downgraded Allison Transmission Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 31st.
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Allison Transmission Holdings (NYSE:ALSN) traded up 1.06% during mid-day trading on Wednesday, reaching $37.08. The company’s stock had a trading volume of 1,831,964 shares. The company’s 50-day moving average price is $35.32 and its 200 day moving average price is $36.77. Allison Transmission Holdings has a 52 week low of $27.03 and a 52 week high of $40.25. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 21.06 and a beta of 1.20.
Allison Transmission Holdings (NYSE:ALSN) last posted its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.16. The business had revenue of $580.00 million during the quarter, compared to the consensus estimate of $515.03 million. Allison Transmission Holdings had a net margin of 14.32% and a return on equity of 31.27%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 earnings per share. On average, equities analysts forecast that Allison Transmission Holdings will post $2.12 earnings per share for the current fiscal year.
In other Allison Transmission Holdings news, CFO David S. Graziosi sold 39,264 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $37.23, for a total value of $1,461,798.72. Following the completion of the transaction, the chief financial officer now owns 233,387 shares in the company, valued at $8,688,998.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Randall R. Kirk sold 7,541 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $34.27, for a total transaction of $258,430.07. Following the completion of the transaction, the senior vice president now owns 84,494 shares of the company’s stock, valued at approximately $2,895,609.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,541 shares of company stock worth $2,148,703. Company insiders own 7.90% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of ALSN. Tower Research Capital LLC TRC boosted its holdings in shares of Allison Transmission Holdings by 7,314.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,190 shares of the auto parts company’s stock valued at $195,000 after acquiring an additional 5,120 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Allison Transmission Holdings by 12.8% during the second quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock worth $201,000 after acquiring an additional 607 shares during the last quarter. Menta Capital LLC acquired a new position in shares of Allison Transmission Holdings in the 2nd quarter valued at $206,000. BlueCrest Capital Management Ltd acquired a new position in shares of Allison Transmission Holdings in the 2nd quarter valued at $208,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Allison Transmission Holdings in the 2nd quarter valued at $375,000.
About Allison Transmission Holdings
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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