Allison Transmission Holdings (NYSE:ALSN) has an average broker rating of 1.92, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Allison Transmission Holdings (NYSE:ALSN) : The highest short term price target forecast on Allison Transmission Holdings (NYSE:ALSN) is $36 and the lowest target price is $27. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $31.8 with a standard deviation of $2.57.
For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Stifel Nicolaus downgrades its rating on Allison Transmission Holdings (NYSE:ALSN). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 14, 2016.
Allison Transmission Holdings (NYSE:ALSN): stock turned positive on Tuesday. Though the stock opened at $26.86, the bulls momentum made the stock top out at $27.43 level for the day. The stock recorded a low of $26.86 and closed the trading day at $27.41, in the green by 3.16%. The total traded volume for the day was 2,352,569. The stock had closed at $26.57 in the previous days trading.
In an insider trading activity, 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, 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.