Trade Report: The Allison Transmission Holdings Inc (ALSN) Price Target Lowered to $30.00 at Barclays PLC

The Allison Transmission Holdings Inc (ALSN) Price Target Lowered to $30.00 at Barclays PLC

Allison Transmission Holdings Inc (NASDAQ:ALSN) had its price target decreased by Barclays PLC from $31.00 to $30.00 in a research report released on Wednesday. Barclays PLC currently has an overweight rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Allison Transmission Holdings from a strong sell rating to a hold rating in a research note on Wednesday, September 28th. Deutsche Bank AG started coverage on shares of Allison Transmission Holdings in a research report on Tuesday, September 6th. They set a hold rating and a $30.00 price target for the company. Credit Agricole SA started coverage on shares of Allison Transmission Holdings in a research report on Friday, September 30th. They set an outperform rating and a $31.00 price target for the company. Credit Suisse Group AG reaffirmed a focus list rating and set a $32.00 price target on shares of Allison Transmission Holdings in a research report on Wednesday, September 7th. Finally, Citigroup Inc. reaffirmed a neutral rating and set a $30.00 price target (up previously from $28.00) on shares of Allison Transmission Holdings in a research report on Friday, July 29th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $30.83.

Allison Transmission Holdings (NASDAQ:ALSN) opened at 27.845 on Wednesday. Allison Transmission Holdings has a 52-week low of $20.56 and a 52-week high of $30.52. The stock has a 50 day moving average of $27.86 and a 200-day moving average of $27.98. The company has a market capitalization of $4.67 billion and a price-to-earnings ratio of 28.413.

Allison Transmission Holdings (NASDAQ:ALSN) last posted its earnings results on Wednesday, July 27th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.28. The business had revenue of $475 million for the quarter, compared to analyst estimates of $475.26 million. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. On average, equities research analysts anticipate that Allison Transmission Holdings will post $1.10 earnings per share for the current fiscal year.

In related news, SVP Randall R. Kirk sold 93,210 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $27.87, for a total value of $2,597,762.70. Following the completion of the sale, the senior vice president now directly owns 49,693 shares of the company’s stock, valued at approximately $1,384,943.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Sharon L. Dean sold 5,500 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $28.15, for a total transaction of $154,825.00. Following the completion of the sale, the vice president now directly owns 7,906 shares of the company’s stock, valued at $222,553.90. The disclosure for this sale can be found here.

Large investors have recently added to or reduced their stakes in the company. First Quadrant L P CA raised its stake in Allison Transmission Holdings by 1.2% in the second quarter. First Quadrant L P CA now owns 484,700 shares of the company’s stock valued at $13,683,000 after buying an additional 5,700 shares in the last quarter. Parametrica Management Ltd purchased a new stake in Allison Transmission Holdings during the second quarter valued at about $330,000. Bank of Montreal Can purchased a new stake in Allison Transmission Holdings during the second quarter valued at about $7,509,000. Seven Bridges Advisors LLC raised its stake in Allison Transmission Holdings by 25.4% in the second quarter. Seven Bridges Advisors LLC now owns 25,237 shares of the company’s stock valued at $712,000 after buying an additional 5,112 shares in the last quarter. Finally, Northern Capital Management LLC purchased a new stake in Allison Transmission Holdings during the second quarter valued at about $208,000.

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