Brokerage Firm Rating Update on Allison Transmission Holdings (ALSN)

Allison Transmission Holdings (ALSN) : 5 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. 4 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 Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 1.9.

Allison Transmission Holdings (ALSN) : The highest level Allison Transmission Holdings (ALSN) is projected to reach is $36 for the short term and the lowest estimate is at $26. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $31.38 and the possibility the share price can swing is $3.2.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Allison Transmission Holdings (NYSE:ALSN). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Citigroup raises the price target from $28 per share to $30 per share. The rating by the firm was issued on July 29, 2016.

Allison Transmission Holdings (NYSE:ALSN): The stock opened at $27.51 and touched an intraday high of $27.835 on Wednesday. During the day, the stock corrected to an intraday low of $27.51, however, the bulls stepped in and pushed the price higher to close in the green at $27.76 with a gain of 0.14% for the day. The total traded volume for the day was 1,324,516. The stock had closed at $27.72 in the previous trading session.

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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