Piper Jaffray Companies set a $30.00 price target on Allison Transmission Holdings Inc (NASDAQ:ALSN) in a research note issued to investors on Thursday. The firm currently has a sell rating on the stock.

A number of other research analysts have also commented on the stock. Zacks Investment Research raised shares of Allison Transmission Holdings from a hold rating to a buy rating and set a $42.00 price objective for the company in a research report on Wednesday, February 8th. Barclays PLC reaffirmed an overweight rating and set a $39.00 price objective on shares of Allison Transmission Holdings in a research report on Wednesday, February 8th. Citigroup Inc. raised shares of Allison Transmission Holdings from a neutral rating to a buy rating in a research report on Tuesday, January 24th. Macquarie assumed coverage on shares of Allison Transmission Holdings in a research report on Tuesday, December 13th. They set a neutral rating for the company. Finally, J P Morgan Chase & Co raised shares of Allison Transmission Holdings from a neutral rating to an overweight rating in a research report on Friday, December 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $33.43.

Analyst Recommendations for Allison Transmission Holdings (NASDAQ:ALSN)

Shares of Allison Transmission Holdings (NASDAQ:ALSN) traded down 0.496% during trading on Thursday, reaching $37.115. The company’s stock had a trading volume of 478,188 shares. The stock has a market capitalization of $6.14 billion and a price-to-earnings ratio of 29.224. The company’s 50-day moving average price is $35.05 and its 200 day moving average price is $31.01. Allison Transmission Holdings has a 1-year low of $22.22 and a 1-year high of $38.17.

Allison Transmission Holdings (NASDAQ:ALSN) last announced its quarterly earnings data on Monday, February 6th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.09. The company had revenue of $469 million for the quarter, compared to analyst estimates of $429.58 million. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 EPS. Analysts anticipate that Allison Transmission Holdings will post $1.52 EPS for the current year.

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In related news, CFO David S. Graziosi sold 150,000 shares of the company’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $37.62, for a total value of $5,643,000.00. Following the sale, the chief financial officer now owns 344,123 shares of the company’s stock, valued at $12,945,907.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Sharon L. Dean sold 1,278 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $32.85, for a total transaction of $41,982.30. Following the completion of the sale, the vice president now directly owns 9,184 shares in the company, valued at approximately $301,694.40. The disclosure for this sale can be found here. In the last three months, insiders sold 4,611,313 shares of company stock worth $148,667,424.

A number of hedge funds have recently bought and sold shares of ALSN. Public Employees Retirement Association of Colorado boosted its stake in Allison Transmission Holdings by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 4,561 shares of the company’s stock worth $131,000 after buying an additional 19 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in Allison Transmission Holdings by 13.3% in the third quarter. Acrospire Investment Management LLC now owns 6,813 shares of the company’s stock worth $195,000 after buying an additional 800 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in Allison Transmission Holdings during the fourth quarter worth $198,000. Calamos Advisors LLC acquired a new stake in Allison Transmission Holdings during the fourth quarter worth $212,000. Finally, Invictus RG boosted its stake in Allison Transmission Holdings by 10.4% in the second quarter. Invictus RG now owns 7,603 shares of the company’s stock worth $215,000 after buying an additional 719 shares during the last quarter.

About Allison Transmission Holdings

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.

5 Day Chart for NASDAQ:ALSN

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