Allison Transmission Holdings Inc. (NYSE:ALSN) has been given a consensus rating of “Buy” by the fourteen brokerages that are currently covering the company. Four analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $29.70.
ALSN has been the topic of several recent research reports. Stifel Nicolaus lowered Allison Transmission Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. Deutsche Bank AG initiated coverage on Allison Transmission Holdings in a report on Wednesday, September 7th. They set a “hold” rating and a $30.00 price target on the stock. Finally, Citigroup Inc. increased their price target on Allison Transmission Holdings from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, July 29th.
Shares of Allison Transmission Holdings (NYSE:ALSN) traded down 0.64% during trading on Thursday, reaching $28.05. 492,398 shares of the company were exchanged. Allison Transmission Holdings has a 1-year low of $20.56 and a 1-year high of $30.52. The firm’s 50 day moving average is $27.76 and its 200 day moving average is $27.84. The firm has a market capitalization of $4.70 billion, a P/E ratio of 28.62 and a beta of 1.22.
Institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. raised its position in shares of Allison Transmission Holdings by 0.8% in the first quarter. Meeder Asset Management Inc. now owns 3,978 shares of the company’s stock valued at $107,000 after buying an additional 33 shares in the last quarter. Invictus RG raised its position in shares of Allison Transmission Holdings by 290.5% in the first quarter. Invictus RG now owns 6,884 shares of the company’s stock valued at $186,000 after buying an additional 5,121 shares in the last quarter. EagleClaw Capital Managment LLC purchased a new position in shares of Allison Transmission Holdings during the first quarter valued at approximately $204,000. Icon Advisers Inc. Co. purchased a new position in shares of Allison Transmission Holdings during the first quarter valued at approximately $405,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Allison Transmission Holdings during the first quarter valued at approximately $405,000.
Allison Transmission Holdings Company Profile
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 the United States defense vehicles. The Company operates through manufacture and distribution of fully-automatic transmissions segment.
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