Allison Transmission Holdings, Inc. (ALSN) Stock Rating Reaffirmed by Royal Bank Of Canada
Allison Transmission Holdings, Inc. (NYSE:ALSN)‘s stock had its “buy” rating reaffirmed by Royal Bank Of Canada in a note issued to investors on Thursday.
ALSN has been the topic of a number of other research reports. Buckingham Research began coverage on Allison Transmission Holdings in a research report on Tuesday, September 5th. They set a “neutral” rating and a $36.00 price objective on the stock. ValuEngine upgraded Allison Transmission Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Robert W. Baird reiterated a “buy” rating and set a $52.00 price objective on shares of Allison Transmission Holdings in a research report on Wednesday. Piper Jaffray Companies reiterated an “underweight” rating and set a $25.00 price objective (down previously from $31.00) on shares of Allison Transmission Holdings in a research report on Wednesday, August 30th. Finally, Deutsche Bank AG reduced their price objective on Allison Transmission Holdings from $44.00 to $43.00 and set a “hold” rating on the stock in a research report on Wednesday, August 2nd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $42.78.
Allison Transmission Holdings (NYSE:ALSN) last announced its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.27. Allison Transmission Holdings had a return on equity of 41.80% and a net margin of 16.34%. The firm had revenue of $595.00 million for the quarter, compared to the consensus estimate of $533.53 million. During the same quarter last year, the business posted $0.27 earnings per share. The firm’s revenue was up 37.1% compared to the same quarter last year.
ILLEGAL ACTIVITY WARNING: This story was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/11/02/allison-transmission-holdings-inc-alsn-stock-rating-reaffirmed-by-royal-bank-of-canada.html.
In other Allison Transmission Holdings news, CFO David S. Graziosi sold 39,264 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $37.23, for a total transaction of $1,461,798.72. Following the completion of the sale, the chief financial officer now owns 233,387 shares of the company’s stock, valued at $8,688,998.01. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Randall R. Kirk sold 7,541 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $34.27, for a total value of $258,430.07. Following the sale, the senior vice president now directly owns 84,494 shares of the company’s stock, valued at approximately $2,895,609.38. The disclosure for this sale can be found here. 7.90% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of ALSN. Tower Research Capital LLC TRC increased its stake in Allison Transmission Holdings by 7,314.3% during the second quarter. Tower Research Capital LLC TRC now owns 5,190 shares of the auto parts company’s stock worth $195,000 after acquiring an additional 5,120 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Allison Transmission Holdings by 12.8% during the second quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock worth $201,000 after acquiring an additional 607 shares during the last quarter. Menta Capital LLC acquired a new stake in Allison Transmission Holdings during the second quarter worth $206,000. BlueCrest Capital Management Ltd acquired a new stake in Allison Transmission Holdings during the second quarter worth $208,000. Finally, ARP Americas LLC acquired a new stake in Allison Transmission Holdings during the third quarter worth $242,000.
About Allison Transmission Holdings
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).
Receive News & Ratings for Allison Transmission Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.