Allison Transmission Holdings Inc (NASDAQ:ALSN) has been given a $30.00 price objective by equities researchers at Piper Jaffray Companies in a report released on Thursday. The brokerage currently has a “sell” rating on the stock. Piper Jaffray Companies’ target price suggests a potential downside of 19.57% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised Allison Transmission Holdings from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Thursday, October 27th. J P Morgan Chase & Co raised Allison Transmission Holdings from a “neutral” rating to an “overweight” rating in a report on Friday, December 9th. Citigroup Inc. raised Allison Transmission Holdings from a “neutral” rating to a “buy” rating in a report on Tuesday, January 24th. Barclays PLC reaffirmed an “overweight” rating and set a $39.00 price objective on shares of Allison Transmission Holdings in a report on Wednesday, February 8th. Finally, Macquarie began coverage on Allison Transmission Holdings in a report on Tuesday, December 13th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Allison Transmission Holdings presently has a consensus rating of “Buy” and an average target price of $33.43.

Analyst Recommendations for Allison Transmission Holdings (NASDAQ:ALSN)

Allison Transmission Holdings (NASDAQ:ALSN) traded down 0.51% during mid-day trading on Thursday, reaching $37.11. The company had a trading volume of 463,048 shares. Allison Transmission Holdings has a 52-week low of $22.22 and a 52-week high of $38.17. The stock has a market capitalization of $6.14 billion and a price-to-earnings ratio of 29.22. The company’s 50 day moving average is $35.05 and its 200 day moving average is $31.01.

Allison Transmission Holdings (NASDAQ:ALSN) last released its quarterly earnings data on Monday, February 6th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.09. The company had revenue of $469 million for the quarter, compared to analyst estimates of $429.58 million. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. Equities analysts predict that Allison Transmission Holdings will post $1.52 earnings per share for the current year.

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In other news, insider Valueact Capital Master Fund, sold 4,300,000 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $31.96, for a total value of $137,428,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Sharon L. Dean sold 1,278 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $32.85, for a total value of $41,982.30. Following the completion of the transaction, the vice president now directly owns 9,184 shares in the company, valued at $301,694.40. The disclosure for this sale can be found here. Insiders sold a total of 4,611,313 shares of company stock worth $148,667,424 over the last three months.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado increased its position in shares of Allison Transmission Holdings by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 4,561 shares of the company’s stock valued at $131,000 after buying an additional 19 shares during the last quarter. Acrospire Investment Management LLC increased its position in shares of Allison Transmission Holdings by 13.3% in the third quarter. Acrospire Investment Management LLC now owns 6,813 shares of the company’s stock valued at $195,000 after buying an additional 800 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in shares of Allison Transmission Holdings during the fourth quarter valued at approximately $198,000. Calamos Advisors LLC acquired a new position in shares of Allison Transmission Holdings during the fourth quarter valued at approximately $212,000. Finally, Invictus RG increased its position in shares of Allison Transmission Holdings by 10.4% in the second quarter. Invictus RG now owns 7,603 shares of the company’s stock valued at $215,000 after buying an additional 719 shares during the last quarter.

About Allison Transmission Holdings

Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles and medium-and heavy-tactical the United States defense vehicles. The Company operates through manufacture and distribution of fully-automatic transmissions segment.

5 Day Chart for NASDAQ:ALSN

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