Allison Transmission Holdings Given New $28.00 Price Target at Robert W. Baird (ALSN)
Stock analysts at Robert W. Baird increased their price target on shares of Allison Transmission Holdings (NASDAQ:ALSN) from $27.00 to $28.00 in a report issued on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 16.86% from the company’s current price.
In other Allison Transmission Holdings news, VP Sharon L. Dean sold 10,842 shares of Allison Transmission Holdings stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $25.85, for a total transaction of $280,265.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Allison Transmission Holdings (NASDAQ:ALSN) traded down 1.60% on Tuesday, hitting $23.96. 436,608 shares of the company’s stock traded hands. Allison Transmission Holdings has a 1-year low of $19.01 and a 1-year high of $27.48. The stock’s 50-day moving average is $24.85 and its 200-day moving average is $23.67. The company has a market cap of $4.468 billion and a price-to-earnings ratio of 37.87.
Allison Transmission Holdings (NASDAQ:ALSN) last announced its earnings results on Monday, October 28th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.01. The company had revenue of $466.00 million for the quarter, compared to the consensus estimate of $495.20 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. Analysts expect that Allison Transmission Holdings will post $0.88 EPS for the current fiscal year.
A number of other firms have also recently commented on ALSN. Analysts at Zacks upgraded shares of Allison Transmission Holdings from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 1st. They now have a $27.60 price target on the stock. Analysts at Goldman Sachs Group Inc. upgraded shares of Allison Transmission Holdings 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. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $25.80.
Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.
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