CLSA Initiates Coverage on Allison Transmission Holdings Inc to Outperform

CLSA Initiates Coverage on Allison Transmission Holdings Inc(NYSE:ALSN). The shares have been rated Outperform. The rating by CLSA was issued on Sep 30, 2016.

In a different note, Deutsche Bank said it Initiates Coverage on Allison Transmission Holdings Inc, according to a research note issued on Sep 7, 2016. The shares have been rated ‘Hold’ by the firm. On Jul 29, 2016, Citigroup said it Maintains its rating on Allison Transmission Holdings Inc. In the research note, the firm Raises the price-target to $28.00 per share. The shares have been rated ‘Neutral’ by the firm.

Allison Transmission Holdings Inc (ALSN) shares turned negative on Tuesdays trading session with the shares closing down -0.01 points or -0.04% at a volume of 8,32,970. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.58. The peak price level was also seen at $28.58 while the days lowest was $28.19. Finally the shares closed at $28.31. The 52-week high of the shares is $30.52 while the 52-week low is $20.56. According to the latest information available, the market cap of the company is $4,743 M.

Allison Transmission Holdings Inc(ALSN) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $474.90M. Analysts had an estimated revenue of $475.26M. Earnings per share were $0.36. Analysts had estimated an EPS of $0.64.

Several Insider Transactions has been reported to the SEC. On Aug 29, 2016, Randall R. Kirk (SVP, Prod Eng & Prod Teams) sold 93,210 shares at $27.87 per share price.Also, On Aug 12, 2016, Sharon L. Dean (VP, Quality and Reliability) sold 5,500 shares at $28.15 per share price.On Feb 16, 2016, Dana Jh Pittard (VP, Defense Programs) purchased 100 shares at $21.52 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s 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 2500 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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