Allison Transmission (NYSE:ALSN) is set to issue its quarterly earnings data after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.62 per share for the quarter.
Allison Transmission (NYSE ALSN) opened at $43.59 on Wednesday. Allison Transmission has a 12 month low of $32.93 and a 12 month high of $45.69. The stock has a market capitalization of $6,000.00, a PE ratio of 19.20, a PEG ratio of 1.64 and a beta of 1.14. The company has a debt-to-equity ratio of 4.57, a quick ratio of 1.15 and a current ratio of 1.50.
Allison Transmission declared that its Board of Directors has initiated a share buyback plan on Wednesday, November 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.
ALSN has been the topic of a number of recent research reports. Longbow Research cut Allison Transmission from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. BidaskClub upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. JPMorgan Chase & Co. increased their target price on shares of Allison Transmission from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Piper Jaffray Companies set a $26.00 target price on shares of Allison Transmission and gave the stock a “sell” rating in a report on Wednesday, November 1st. Finally, Deutsche Bank set a $37.00 target price on shares of Allison Transmission and gave the stock a “sell” rating in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $44.09.
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About Allison Transmission
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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