Allison Transmission Holdings Upgraded to “Outperform” at Zacks (ALSN)
Allison Transmission Holdings (NASDAQ:ALSN) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday, American Banking & Market News reports. The firm currently has a $27.60 price target on the stock. Zacks‘ price target points to a potential upside of 10.49% from the stock’s previous close.
In other Allison Transmission Holdings news, VP Eric Scroggins sold 4,100 shares of Allison Transmission Holdings stock on the open market in a transaction dated Monday, September 23rd. The shares were sold at an average price of $24.98, for a total value of $102,418.00. Following the completion of the sale, the vice president now directly owns 16,747 shares in the company, valued at approximately $418,340. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Allison Transmission Holdings (NASDAQ:ALSN) traded down 0.28% during mid-day trading on Tuesday, hitting $24.98. 318,238 shares of the company’s stock traded hands. Allison Transmission Holdings has a 52 week low of $17.95 and a 52 week high of $27.48. The stock’s 50-day moving average is $23.57 and its 200-day moving average is $23.4. The company has a market cap of $4.658 billion and a P/E ratio of 38.96.
Allison Transmission Holdings (NASDAQ:ALSN) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.01. The company had revenue of $512.00 million for the quarter, compared to the consensus estimate of $501.73 million. During the same quarter in the prior year, the company posted $2.21 earnings per share. The company’s quarterly revenue was down 8.4% on a year-over-year basis. On average, analysts predict that Allison Transmission Holdings will post $0.87 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. upgraded shares of Allison Transmission Holdings (NASDAQ:ALSN) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, September 4th. They now have a $27.00 price target on the stock, up previously from $25.00. Separately, analysts at Credit Suisse raised their price target on shares of Allison Transmission Holdings (NASDAQ:ALSN) from $22.00 to $23.00 in a research note to investors on Tuesday, July 30th. They now have a “neutral” rating on the stock. Finally, analysts at Jefferson Research downgraded shares of Allison Transmission Holdings (NASDAQ:ALSN) from a “buy” rating to a “hold” rating in a research note to investors on Friday, July 12th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $25.66.
Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.
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