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Longbow Research assumed coverage on shares of Allison Transmission Holdings (NASDAQ:ALSN) in a research note issued on Friday, American Banking & Market News reports. The firm set a “buy” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at Merrill Lynch upgraded shares of Allison Transmission Holdings to a “buy” rating in a research note to investors on Monday, December 16th. Separately, analysts at Bank of America Corp. upgraded shares of Allison Transmission Holdings from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 16th. They now have a $32.00 price target on the stock, up previously from $27.00. Finally, analysts at Robert W. Baird raised their price target on shares of Allison Transmission Holdings from $27.00 to $28.00 in a research note to investors on Tuesday, October 29th. They now have an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Allison Transmission Holdings presently has an average rating of “Buy” and an average target price of $26.58.

Allison Transmission Holdings (NASDAQ:ALSN) opened at 26.88 on Friday. Allison Transmission Holdings has a 1-year low of $20.13 and a 1-year high of $28.15. The stock has a 50-day moving average of $27.12 and a 200-day moving average of $24.79. The company has a market cap of $4.902 billion and a price-to-earnings ratio of 37.65.

Allison Transmission Holdings (NASDAQ:ALSN) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was down 5.5% on a year-over-year basis. Analysts expect that Allison Transmission Holdings will post $0.89 EPS for the current fiscal year.

Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.

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