Allison Transmission Holdings Inc (NASDAQ:ALSN) had its price target cut by Barclays PLC from $31.00 to $30.00 in a research note published on Wednesday. They currently have an overweight rating on the stock.

ALSN has been the topic of several other reports. Zacks Investment Research lowered shares of Allison Transmission Holdings from a hold rating to a strong sell rating in a research note on Friday, September 9th. Credit Suisse Group AG reissued a focus list rating and set a $32.00 target price on shares of Allison Transmission Holdings in a research note on Wednesday, September 7th. Citigroup Inc. reissued a neutral rating and set a $30.00 target price (up from $28.00) on shares of Allison Transmission Holdings in a research note on Friday, July 29th. Credit Agricole SA began coverage on shares of Allison Transmission Holdings in a research note on Friday, September 30th. They issued an outperform rating and a $31.00 price objective on the stock. Finally, Deutsche Bank AG began coverage on shares of Allison Transmission Holdings in a research note on Tuesday, September 6th. They issued a hold rating and a $30.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Allison Transmission Holdings has an average rating of Buy and an average price target of $30.83.

Allison Transmission Holdings (NASDAQ:ALSN) opened at 27.845 on Wednesday. The stock’s 50 day moving average is $27.86 and its 200 day moving average is $27.98. The firm has a market capitalization of $4.67 billion and a price-to-earnings ratio of 28.413. Allison Transmission Holdings has a 1-year low of $20.56 and a 1-year high of $30.52.

Allison Transmission Holdings (NASDAQ:ALSN) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.28. The firm had revenue of $475 million for the quarter, compared to the consensus estimate of $475.26 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The business’s revenue was down 7.0% on a year-over-year basis. Analysts predict that Allison Transmission Holdings will post $1.10 EPS for the current fiscal year.

In other news, VP Sharon L. Dean sold 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $28.15, for a total value of $154,825.00. Following the completion of the transaction, the vice president now directly owns 7,906 shares in the company, valued at $222,553.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Randall R. Kirk sold 93,210 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $27.87, for a total transaction of $2,597,762.70. Following the completion of the transaction, the senior vice president now owns 49,693 shares of the company’s stock, valued at $1,384,943.91. The disclosure for this sale can be found here.

Several institutional investors have recently added to or reduced their stakes in ALSN. Victory Capital Management Inc. raised its position in Allison Transmission Holdings by 2.5% in the second quarter. Victory Capital Management Inc. now owns 1,177,292 shares of the company’s stock worth $33,235,000 after buying an additional 28,482 shares during the period. PNC Financial Services Group Inc. raised its position in Allison Transmission Holdings by 26.1% in the second quarter. PNC Financial Services Group Inc. now owns 25,790 shares of the company’s stock worth $727,000 after buying an additional 5,331 shares during the period. EagleClaw Capital Managment LLC raised its position in Allison Transmission Holdings by 10.5% in the second quarter. EagleClaw Capital Managment LLC now owns 8,400 shares of the company’s stock worth $236,000 after buying an additional 800 shares during the period. Icon Advisers Inc. Co. raised its position in Allison Transmission Holdings by 66.7% in the second quarter. Icon Advisers Inc. Co. now owns 25,000 shares of the company’s stock worth $706,000 after buying an additional 10,000 shares during the period. Finally, Seven Bridges Advisors LLC raised its position in Allison Transmission Holdings by 25.4% in the second quarter. Seven Bridges Advisors LLC now owns 25,237 shares of the company’s stock worth $712,000 after buying an additional 5,112 shares during the period.

5 Day Chart for NASDAQ:ALSN

Receive News & Stock Ratings for Allison Transmission Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission Holdings Inc and related stocks with our FREE daily email newsletter.