Allison Transmission Holdings Given Average Recommendation of “Buy” by Brokerages (NASDAQ:ALSN)
Allison Transmission Holdings (NASDAQ:ALSN) has received an average recommendation of “Buy” from the fourteen brokerages that are presently covering the company, AnalystRatings.Net reports. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $32.89.
Allison Transmission Holdings (NASDAQ:ALSN) opened at 29.47 on Wednesday. Allison Transmission Holdings has a 1-year low of $22.09 and a 1-year high of $32.21. The stock has a 50-day moving average of $30.8 and a 200-day moving average of $30.03. The company has a market cap of $5.207 billion and a P/E ratio of 27.42.
Allison Transmission Holdings (NASDAQ:ALSN) last announced its quarterly earnings results 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.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Monday, August 18th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, August 14th.
A number of analysts have recently weighed in on ALSN shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Allison Transmission Holdings in a research note on Monday, July 28th. They now have a $34.00 price target on the stock, up previously from $33.00. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Allison Transmission Holdings in a research note on Friday, July 25th. They now have a $36.00 price target on the stock, up previously from $35.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Allison Transmission Holdings in a research note on Friday, July 25th. They now have a $36.00 price target on the stock, up previously from $34.00.
In other Allison Transmission Holdings news, SVP Michael G. Headly sold 12,300 shares of Allison Transmission Holdings stock on the open market in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $30.02, for a total value of $369,246.00. The transaction was disclosed in a 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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