Allison Transmission Holdings Given Average Recommendation of “Buy” by Analysts (NASDAQ:ALSN)
Allison Transmission Holdings (NASDAQ:ALSN) has earned an average rating of “Buy” from the eleven analysts that are currently covering the stock, StockRatingsNetwork.com reports. Four analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $26.60.
In other Allison Transmission Holdings news, VP David Parish sold 30,000 shares of Allison Transmission Holdings stock on the open market in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $28.47, for a total transaction of $854,100.00. Following the completion of the transaction, the vice president now directly owns 41,244 shares of the company’s stock, valued at approximately $1,174,217. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
ALSN has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. upgraded shares of Allison Transmission Holdings from a “neutral” rating to an “overweight” rating in a research note to investors on Thursday, January 16th. Separately, analysts at Barclays raised their price target on shares of Allison Transmission Holdings from $26.00 to $30.00 in a research note to investors on Monday, January 13th. They now have an “overweight” rating on the stock. Finally, analysts at Longbow Research initiated coverage on shares of Allison Transmission Holdings in a research note to investors on Friday, January 10th. They set a “buy” rating on the stock.
Allison Transmission Holdings (NASDAQ:ALSN) traded down 0.85% during mid-day trading on Monday, hitting $29.06. The stock had a trading volume of 25,414 shares. Allison Transmission Holdings has a 52 week low of $20.67 and a 52 week high of $29.37. The stock has a 50-day moving average of $27.84 and a 200-day moving average of $25.44. The company has a market cap of $5.300 billion and a P/E ratio of 41.05.
Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.
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