Royal Bank Of Canada Reaffirms Buy Rating for Allison Transmission Holdings Inc (NASDAQ:ALSN)
Allison Transmission Holdings Inc (NASDAQ:ALSN)‘s stock had its “buy” rating restated by equities research analysts at Royal Bank Of Canada in a report released on Friday.
Several other equities research analysts have also commented on ALSN. BidaskClub raised Allison Transmission Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Seaport Global Securities began coverage on Allison Transmission Holdings in a research note on Thursday, April 6th. They set a “neutral” rating on the stock. Zacks Investment Research lowered Allison Transmission Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Barclays PLC boosted their price target on Allison Transmission Holdings from $39.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, April 20th. Finally, Deutsche Bank AG boosted their price target on Allison Transmission Holdings from $43.00 to $44.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $37.89.
Allison Transmission Holdings (NASDAQ:ALSN) traded up 1.47% during trading on Friday, hitting $38.03. The stock had a trading volume of 2,042,006 shares. The stock’s 50 day moving average price is $37.77 and its 200 day moving average price is $36.22. The firm has a market cap of $5.78 billion and a P/E ratio of 25.30. Allison Transmission Holdings has a 12-month low of $26.74 and a 12-month high of $40.02.
Allison Transmission Holdings (NASDAQ:ALSN) last announced its quarterly earnings results on Wednesday, April 26th. The auto parts company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.17. The business had revenue of $499 million for the quarter, compared to analyst estimates of $461.76 million. Allison Transmission Holdings had a return on equity of 36.64% and a net margin of 16.63%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 EPS. On average, analysts anticipate that Allison Transmission Holdings will post $1.81 EPS for the current fiscal year.
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In related news, SVP Randall R. Kirk sold 7,222 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $38.73, for a total value of $279,708.06. Following the sale, the senior vice president now owns 75,212 shares of the company’s stock, valued at approximately $2,912,960.76. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Randall R. Kirk sold 7,284 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $37.78, for a total value of $275,189.52. Following the completion of the sale, the senior vice president now directly owns 78,347 shares in the company, valued at approximately $2,959,949.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,078 shares of company stock worth $4,977,046.
Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in Allison Transmission Holdings during the first quarter worth about $152,000. Glen Harbor Capital Management LLC bought a new stake in Allison Transmission Holdings during the first quarter worth about $188,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Allison Transmission Holdings by 32.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,471 shares of the auto parts company’s stock worth $197,000 after buying an additional 1,340 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in Allison Transmission Holdings during the fourth quarter worth about $198,000. Finally, World Asset Management Inc bought a new stake in Allison Transmission Holdings during the first quarter worth about $204,000.
Allison Transmission Holdings Company Profile
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
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