Allison Transmission Holdings Inc. (ALSN) Receives New Coverage from Analysts at Credit Agricole SA
Credit Agricole SA initiated coverage on shares of Allison Transmission Holdings Inc. (NYSE:ALSN) in a research report sent to investors on Friday. The brokerage issued an outperform rating and a $31.00 price target on the stock.
Several other research analysts have also commented on the stock. Deutsche Bank AG assumed coverage on shares of Allison Transmission Holdings in a report on Wednesday, September 7th. They issued a hold rating and a $30.00 price target on the stock. Citigroup Inc. raised their price target on shares of Allison Transmission Holdings from $28.00 to $30.00 and gave the company a neutral rating in a report on Friday, July 29th. Finally, Stifel Nicolaus lowered shares of Allison Transmission Holdings from a buy rating to a hold rating in a report on Tuesday, June 14th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $29.85.
Allison Transmission Holdings (NYSE:ALSN) opened at 28.68 on Friday. Allison Transmission Holdings has a 52 week low of $20.56 and a 52 week high of $30.52. The stock has a market capitalization of $4.81 billion, a P/E ratio of 29.27 and a beta of 1.21. The firm’s 50-day moving average is $27.76 and its 200-day moving average is $27.87.
A number of institutional investors have recently made changes to their positions in ALSN. JPMorgan Chase & Co. boosted its stake in Allison Transmission Holdings by 20.1% in the first quarter. JPMorgan Chase & Co. now owns 3,351,451 shares of the company’s stock worth $90,422,000 after buying an additional 560,529 shares during the last quarter. Riverhead Capital Management LLC bought a new stake in Allison Transmission Holdings during the first quarter worth about $2,616,000. BlackRock Group LTD boosted its stake in Allison Transmission Holdings by 16.5% in the first quarter. BlackRock Group LTD now owns 118,885 shares of the company’s stock worth $3,207,000 after buying an additional 16,806 shares during the last quarter. BlackRock Inc. boosted its stake in Allison Transmission Holdings by 112.3% in the first quarter. BlackRock Inc. now owns 22,717 shares of the company’s stock worth $613,000 after buying an additional 12,019 shares during the last quarter. Finally, HBK Investments L P bought a new stake in Allison Transmission Holdings during the first quarter worth about $568,000.
Allison Transmission Holdings Company Profile
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles and medium-and heavy-tactical the United States defense vehicles. The Company operates through manufacture and distribution of fully-automatic transmissions segment.
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