Allison Transmission Holdings (ALSN) has an average broker rating of 1.92, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Allison Transmission Holdings (ALSN) : The highest short term price target forecast on Allison Transmission Holdings (ALSN) is $36 and the lowest target price is $27. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $31.8 with a standard deviation of $2.57.
Allison Transmission Holdings (NYSE:ALSN): The stock opened at $27.77 on Wednesday but the bulls could not build on the opening and the stock topped out at $27.82 for the day. The stock traded down to $27.46 during the day, due to lack of any buying support eventually closed down at $27.68 with a loss of -0.97% for the day. The stock had closed at $27.95 on the previous day. The total traded volume was 1,898,664 shares.
Also, Equity analysts at the Brokerage firm Stifel Nicolaus downgrades its rating on Allison Transmission Holdings (NYSE:ALSN). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 14, 2016. The company shares have dropped -3.62% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $30.06 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $27.95 and the 200 Day Moving Average price is recorded at $26.09.
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.