Allison Transmission Holdings Coverage Initiated at Deutsche Bank (ALSN)
Deutsche Bank initiated coverage on shares of Allison Transmission Holdings (NASDAQ:ALSN) in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $33.00 price target on the stock. Deutsche Bank’s price objective indicates a potential upside of 8.27% from the company’s current price.
Shares of Allison Transmission Holdings (NASDAQ:ALSN) opened at 30.48 on Thursday. Allison Transmission Holdings has a one year low of $20.67 and a one year high of $31.27. The stock’s 50-day moving average is $28.52 and its 200-day moving average is $25.86. The company has a market cap of $5.448 billion and a price-to-earnings ratio of 34.80.
Allison Transmission Holdings (NASDAQ:ALSN) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.23 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.02. The company had revenue of $491.00 million for the quarter, compared to the consensus estimate of $487.93 million. During the same quarter last year, the company posted $0.06 earnings per share. Allison Transmission Holdings’s revenue was up .8% compared to the same quarter last year. Analysts expect that Allison Transmission Holdings will post $1.14 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, March 25th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Thursday, February 27th.
ALSN has been the subject of a number of other recent research reports. Analysts at Oppenheimer raised their price target on shares of Allison Transmission Holdings from $27.00 to $34.00 in a research note on Friday, February 14th. They now have an “outperform” rating on the stock. Separately, analysts at Zacks upgraded shares of Allison Transmission Holdings from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 12th. They now have a $31.20 price target on the stock. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Allison Transmission Holdings from a “neutral” rating to an “overweight” rating in a research note on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $29.46.
In other Allison Transmission Holdings news, SVP Michael Headly sold 5,000 shares of Allison Transmission Holdings stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $30.35, for a total value of $151,750.00. Following the sale, the senior vice president now directly owns 46,200 shares of the company’s stock, valued at approximately $1,402,170. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.
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