Allison Transmission Holdings Given “Neutral” Rating at Citigroup Inc. (ALSN)
Allison Transmission Holdings (NASDAQ:ALSN)‘s stock had its “neutral” rating reiterated by investment analysts at Citigroup Inc. in a note issued to investors on Monday. They currently have a $34.00 price target on the stock, up from their previous price target of $33.00. Citigroup Inc.’s price target would indicate a potential upside of 8.90% from the company’s current price.
Shares of Allison Transmission Holdings (NASDAQ:ALSN) traded down 1.95% on Monday, hitting $30.61. 1,209,698 shares of the company’s stock traded hands. Allison Transmission Holdings has a 52-week low of $22.08 and a 52-week high of $32.21. The stock’s 50-day moving average is $31.11 and its 200-day moving average is $29.89. The company has a market cap of $5.408 billion and a P/E ratio of 29.48.
Allison Transmission Holdings (NASDAQ:ALSN) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.31 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.31. The company had revenue of $536.10 million for the quarter, compared to the consensus estimate of $527.01 million. During the same quarter last year, the company posted $0.26 earnings per share. Allison Transmission Holdings’s revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that Allison Transmission Holdings will post $1.18 earnings per share for the current fiscal year.
In other Allison Transmission Holdings news, VP Sharon L. Dean sold 42,700 shares of the stock on the open market in a transaction dated Thursday, July 17th. The stock was sold at an average price of $31.97, for a total transaction of $1,365,119.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Allison Transmission Holdings in a research note on Friday. They now have a $36.00 price target on the stock, up previously from $35.00. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Allison Transmission Holdings in a research note on Friday. They now have a $36.00 price target on the stock, up previously from $34.00. Finally, 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. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Allison Transmission Holdings has an average rating of “Buy” and a consensus price target of $32.97.
Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.
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