Allison Transmission Holdings (NYSE:ALSN) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.92 by 12 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 5 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Stifel Nicolaus downgrades its outlook on Allison Transmission Holdings (NYSE:ALSN). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on June 14, 2016.
Allison Transmission Holdings (NYSE:ALSN) shares are expected to touch $31.8 in the short term. This short term price target has been shared by 10 analysts. However, the standard deviation of short term price estimate has been valued at 2.57. The target price could hit $36 on the higher end and $27 on the lower end.
Allison Transmission Holdings (NYSE:ALSN) witnessed a decline in the market cap on Tuesday as its shares dropped 0.64% or 0.18 points. After the session commenced at $28.05, the stock reached the higher end at $28.09 while it hit a low of $27.87. With the volume soaring to 916,304 shares, the last trade was called at $27.95. The company has a 52-week high of $30.57. The company has a market cap of $4,744 million and there are 169,717,220 shares in outstanding. The 52-week low of the share price is $20.56.
Shares of Allison Transmission Holdings, Inc. rose by 2.38% in the last five trading days and 3.06% for the last 4 weeks. Allison Transmission Holdings, Inc. is up 5.06% in the last 3-month period. Year-to-Date the stock performance stands at 9.26%.
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.