Allison Transmission Holdings Inc (ALSN) is Reiterated by RBC Capital Mkts to Outperform, Raises Price Target to $ 32

Allison Transmission Holdings Inc (ALSN) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 32 from a previous price target of $30 . RBC Capital Mkts advised their investors in a research report released on Apr 27, 2016.

Many Wall Street Analysts have commented on Allison Transmission Holdings Inc. Company shares were Reiterated by Stifel on Apr 4, 2016 to “Buy”, Firm has raised the Price Target to $ 29 from a previous price target of $27 .Allison Transmission Holdings Inc was Upgraded by BofA/Merrill to ” Buy” on Mar 2, 2016. Shares were Reiterated by Deutsche Bank on Feb 10, 2016 to “Hold” and Lowered the Price Target to $ 25 from a previous price target of $28 .

On the company’s financial health, Allison Transmission Holdings Inc reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.58. The company had revenue of $462.10 million for the quarter, compared to analysts expectations of $445.75 million. The company’s revenue was down -8.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.

Allison Transmission Holdings Inc opened for trading at $27.57 and hit $28.38 on the upside on Friday, eventually ending the session at $28.34, with a gain of 2.83% or 0.78 points. The heightened volatility saw the trading volume jump to 18,11,456 shares. Company has a market cap of $4,850 M.

In a different news, on Feb 16, 2016, Dana Jh Pittard (VP, Defense Programs) purchased 100 shares at $21.52 per share price. According to the SEC, on Dec 2, 2015, Michael G. Headly (SVP, Global MSS) sold 17,492 shares at $28.01 per share price. On Jun 24, 2015, David L. Parish (Sr. VP, Ops and Purchasing) sold 304 shares at $30.54 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s 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 2500 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.

Allison Transmission Holdings Inc

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