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Allison Transmission Holdings (NASDAQ:ALSN) shares hit a new 52-week high during mid-day trading on Tuesday , Stock Ratings reports. The company traded as high as $31.50 and last traded at $31.33, with a volume of 840,524 shares changing hands. The stock had previously closed at $31.10.

A number of analysts have recently weighed in on ALSN shares. Analysts at William Blair initiated coverage on shares of Allison Transmission Holdings in a research note on Wednesday, June 25th. They set an “outperform” rating and a $36.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Allison Transmission Holdings from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Allison Transmission Holdings in a research note on Thursday, April 24th. They now have a $35.00 price target on the stock. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Allison Transmission Holdings presently has a consensus rating of “Buy” and an average target price of $32.52.

The stock has a 50-day moving average of $30.47 and a 200-day moving average of $29.37. The company has a market cap of $5.686 billion and a price-to-earnings ratio of 30.79.

Allison Transmission Holdings (NASDAQ:ALSN) last issued its quarterly earnings data on Thursday, April 17th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.04. The company had revenue of $494.00 million for the quarter, compared to the consensus estimate of $482.02 million. On average, analysts predict that Allison Transmission Holdings will post $1.19 earnings per share for the current fiscal year.

In other Allison Transmission Holdings news, SVP Michael G. Headly unloaded 15,000 shares of Allison Transmission Holdings stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $30.70, for a total value of $460,500.00. The sale was disclosed in a legal filing with the SEC, 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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