Allison Transmission Holdings (ALSN) : The consensus on Allison Transmission Holdings (ALSN) based on 11 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Allison Transmission Holdings (ALSN) : The highest level Allison Transmission Holdings (ALSN) is projected to reach is $36 for the short term and the lowest estimate is at $26. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $31.38 and the possibility the share price can swing is $3.2.
For the current week, the company shares have a recommendation consensus of Buy. Allison Transmission Holdings (NYSE:ALSN): The stock opened at $28.36 on Thursday but the bulls could not build on the opening and the stock topped out at $28.56 for the day. The stock traded down to $28.19 during the day, due to lack of any buying support eventually closed down at $28.26 with a loss of -0.07% for the day. The stock had closed at $28.28 on the previous day. The total traded volume was 1,165,166 shares.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (VP, Defense Programs) of Allison Transmission Holdings Inc, Pittard Dana Jh had purchased shares worth of $2,152 in a transaction dated on February 11, 2016. A total of 100 shares were purchased at a price of $21.52 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.