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 5 which endorses a Strong Sell 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 consensus price target for Allison Transmission Holdings (ALSN) is $30.8 for the short term with a standard deviation of $3.16. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $36, however, the pessimist price target for the company is $26.
Also, Deutsche Bank initiates coverage on Allison Transmission Holdings (NYSE:ALSN).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Deutsche Bank announces the price target of $30 per share. The rating by the firm was issued on September 7, 2016.
Allison Transmission Holdings (NYSE:ALSN): After opening at $26.98, the stock dipped to an intraday low of $26.95 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $27.34 and the buying power remained strong till the end. The stock closed at $27.27 for the day, a gain of 1.07% for the day session. The total traded volume was 612,999. The stocks close on the previous trading day was $26.98.
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.