Breaking Finance News

Longbow downgraded Allison Transmission Holdings (NYSE:ALSN) from Buy to Neutral in a statement released earlier today.

Longbow has downgraded Allison Transmission Holdings (NYSE:ALSN) from Buy to Neutral in a report released on 10/12/2017.

Previously on Tuesday September 05, 2017, Buckingham Research reported about Allison Transmission Holdings (NYSE:ALSN) raised the target price from $0.00 to $36.00. At the time, this indicated a possible upside of 0.03%.

Yesterday Allison Transmission Holdings (NYSE:ALSN) traded -0.99% lower at $37.00. The company’s 50-day moving average is $35.56 and its 200-day moving average is $36.83. The last stock close price is up 0.03% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 333,887 shares of the stock were exchanged, down from an average trading volume of 1,812,880

See Chart Below

Allison Transmission Holdings (NYSE:ALSN)

Allison Transmission Holdings has a 52 week low of $27.03 and a 52 week high of $40.25 with a P/E ratio of 20.92 The company’s market cap is currently $0.

In addition to Longbow reporting its target price, a total of 15 firms have reported on the stock. The consensus target price is $31.40 with 6 firms rating the stock a strong buy, 5 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Allison Transmission Holdings (NYSE:ALSN)

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 United States defense vehicles. The Company's transmissions are used in a range 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 developed over 100 different models that were used in more than 2,500 different vehicle configurations and were compatible with over 500 combinations of engines, as of December 31, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.