Analyst Price Target Update on Allison Transmission Holdings (NYSE:ALSN)

Allison Transmission Holdings (NYSE:ALSN): The stock price is expected to reach $ 31.8 in the short term. The number of analysts agreeing with this consensus is 10. The higher estimate for the short term price target is at $36 while the lower estimate is at $27. The standard deviation of the price stands at $2.57.

Many analysts have stated their opinion on the company shares. RBC Capital initiates coverage on Allison Transmission Holdings (NYSE:ALSN). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm announces the price target at $30 per share. The rating by the firm was issued on March 15, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VP, Defense Programs) of Allison Transmission Holdings Inc, Pittard Dana Jh, had purchased 100 shares in a transaction dated on February 11, 2016. The transaction was executed at $21.52 per share with total amount equaling $2,152.

Allison Transmission Holdings (NYSE:ALSN) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.23 points or 0.81% at $28.11 with 1,776,222 shares getting traded. Post opening the session at $28.24, the shares hit an intraday low of $28.07 and an intraday high of $28.66 and the price was in this range throughout the day. The company has a market cap of $4,771 million and the number of outstanding shares have been calculated to be 169,717,220 shares. The 52-week high of Allison Transmission Holdings (NYSE:ALSN) is $30.65 and the 52-week low is $20.56.

Allison Transmission Holdings, Inc. designs and manufactures commercial and defense transmissions. The Company offers fully-automatic transmissions for medium-and heavy-duty commercial vehicles and medium-and heavy-tactical United States defense vehicles. The Companys transmissions are used in a variety 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). The Companys transmissions are sold under the Allison Transmission brand name and remanufactured transmissions are sold under the ReTran brand name. The Company has over 100 different models that are used in over 2,500 different vehicle configurations and are compatible with more than 500 combinations of engine brands, models and ratings, including diesel, gasoline, natural gas and other alternative fuels.

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