Allison Transmission Holdings PT Raised to $30.00 (ALSN)
Research analysts at Barclays hoisted their target price on shares of Allison Transmission Holdings (NASDAQ:ALSN) from $26.00 to $30.00 in a report released on Monday, AnalystRatings.Net reports. The firm currently has an “overweight” rating on the stock. Barclays’ target price points to a potential upside of 13.38% from the stock’s previous close.
ALSN has been the subject of a number of other recent research reports. Analysts at Longbow Research initiated coverage on shares of Allison Transmission Holdings in a research note to investors on Friday. They set a “buy” rating on the stock. Finally, analysts at Merrill Lynch upgraded shares of Allison Transmission Holdings to a “buy” rating in a research note to investors on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $27.08.
Allison Transmission Holdings (NASDAQ:ALSN) traded down 2.22% on Monday, hitting $26.46. The stock had a trading volume of 769,000 shares. Allison Transmission Holdings has a 1-year low of $20.13 and a 1-year high of $28.15. The stock’s 50-day moving average is $27.13 and its 200-day moving average is $24.82. The company has a market cap of $4.826 billion and a P/E ratio of 37.90.
Allison Transmission Holdings (NASDAQ:ALSN) last posted its quarterly 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. 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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