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Stock analysts at Longbow Research started coverage on shares of Allison Transmission Holdings (NASDAQ:ALSN) in a report issued on Friday, AnalystRatings.NET reports. The firm set a “buy” rating on the stock.

Other equities research analysts have also recently issued reports about 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 issued a buy rating to the company. Allison Transmission Holdings has an average rating of “Buy” and an average price target of $26.58.

Shares of Allison Transmission Holdings (NASDAQ:ALSN) opened at 26.88 on Friday. Allison Transmission Holdings has a 52 week low of $20.13 and a 52 week 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 P/E ratio of 37.65.

Allison Transmission Holdings (NASDAQ:ALSN) last announced its earnings results on Monday, October 28th. The company reported $0.24 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.17 earnings per share. Allison Transmission Holdings’s revenue was down 5.5% compared to the same quarter last year. On average, analysts predict that Allison Transmission Holdings will post $0.89 earnings per share for the current fiscal year.

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

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