Short Term Rating on Allison Transmission Holdings (ALSN)

Allison Transmission Holdings (ALSN) : 6 brokerage houses believe that Allison Transmission Holdings (ALSN) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Allison Transmission Holdings (ALSN). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 1.92.

Allison Transmission Holdings (ALSN) : The highest short term price target forecast on Allison Transmission Holdings (ALSN) is $36 and the lowest target price is $26. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $31.7 with a standard deviation of $2.79.

For the current week, the company shares have a recommendation consensus of Buy.


Allison Transmission Holdings (NYSE:ALSN): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.76 and $28.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.94, notching a gain of 1.65% for the day. The total traded volume was 1,381,225 . The stock had closed at $28.47 on the previous day.

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.

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