Allison Transmission Holdings Inc (ALSN) was Initiated by CLSA to “Outperform”. CLSA advised their investors in a research report released on Sep 30, 2016.
Many Wall Street Analysts have commented on Allison Transmission Holdings Inc. Deutsche Bank Initiated Allison Transmission Holdings Inc on Sep 7, 2016 to “Hold”, Price Target of the shares are set at $30.
On the company’s financial health, Allison Transmission Holdings Inc reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.33. The company had revenue of $475.00 million for the quarter, compared to analysts expectations of $476.28 million. The company’s revenue was down -7.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.
Allison Transmission Holdings Inc opened for trading at $27.6 and hit $27.74 on the upside on Tuesday, eventually ending the session at $27.74, with a gain of 0.43% or 0.12 points. The heightened volatility saw the trading volume jump to 7,29,288 shares. Company has a market cap of $4,648 M.
In a different news, on Aug 29, 2016, Randall R. Kirk (SVP, Prod Eng & Prod Teams) sold 93,210 shares at $27.87 per share price. According to the SEC, on Aug 12, 2016, Sharon L. Dean (VP, Quality and Reliability) sold 5,500 shares at $28.15 per share price. On Feb 16, 2016, Dana Jh Pittard (VP, Defense Programs) purchased 100 shares at $21.52 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.