How Avondale Currently Rates Allison Transmission Holdings (NYSE:ALSN)
Equity research analysts at Avondale has given issued Mkt Outperform rating on Allison Transmission Holdings (NYSE:ALSN). The firm have begun coverage on ALSNin a very recent research note issued to clients and investors on Wednesday morning.
From a total of 16 analysts covering Allison Transmission Holdings (NYSE:ALSN) stock, 10 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 59% of the ratings are positive. The highest target price is $40 while the lowest target price is $28. The mean of all analyst targets is $33.56 with a 14.98% above today’s ($27.83) stock price. Allison Transmission Holdings was the topic of 9 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. JP Morgan downgraded shares on October 9 to “Neutral” rating.
Approximately 177,310 shares of stock traded hands. Allison Transmission Holdings Inc (NYSE:ALSN) has declined 9.08% since April 29, 2015 and is downtrending. It has underperformed by 8.88% the S&P500.
Allison Transmission Holdings, Inc. creates and makes commercial and defense transmissions. The company has a market cap of $4.76 billion. The Firm offers fully-automatic transmissions for medium-and heavy-duty commercial vehicles and medium-and heavy-tactical United States defense vehicles. It has 22.66 P/E ratio. The Company’s transmissions are used in a variety of applications, including on-highway trucks , buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
According to Zacks Investment Research, “Allison Transmission Holdings, Inc. is engaged in the manufacturing of fully-automatic transmissions for medium- and heavy-duty commercial vehicles, medium- and heavy-tactical U.S. military vehicles and hybrid-propulsion systems for transit buses. The Company’s products are used in a variety of applications including on-highway trucks, buses, motorhomes, off-highway vehicles and equipment and military vehicles. Allison Transmission Holdings, Inc. is headquartered in Indianapolis, Indiana.” Get a free copy of the Zacks research report on Allison Transmission Holdings Inc (ALSN).