Allison Transmission Holdings Earns “BB-” Credit Rating from Morningstar (ALSN)
Allison Transmission Holdings (NASDAQ:ALSN) has earned a “BB-” credit rating from Morningstar. The agency’s “BB-” rating indicates that the company is an above-average default risk. They also issued a negative credit outlook for the company and gave their stock a zero star rating.
Several other analysts have also recently commented on the stock. 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. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $32.89.
Allison Transmission Holdings (NASDAQ:ALSN) traded up 1.19% on Monday, hitting $30.68. 877,437 shares of the company’s stock traded hands. Allison Transmission Holdings has a 1-year low of $22.29 and a 1-year high of $32.21. The stock has a 50-day moving average of $30.54 and a 200-day moving average of $30.22. The company has a market cap of $5.421 billion and a price-to-earnings ratio of 28.63.
Allison Transmission Holdings (NASDAQ:ALSN) last announced its earnings results on Wednesday, July 23rd. The company reported $0.31 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. 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 Randall R. Kirk sold 12,004 shares of Allison Transmission Holdings stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $30.66, for a total value of $368,042.64. The sale was disclosed in a 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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