Allison Transmission (ALSN) is Downgraded by Robert W. Baird to Neutral according to the research report released to the investors. The Brokerage Firm has Lowered the Price Target of the company shares to $28 from a previous price target of $35 . Earlier the firm had a rating of Outperform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.
Allison Transmission Holdings, Inc. has dropped 1.66% during the last 3-month period . Year-to-Date the stock performance stands at -22.08%.The company shares have dropped -23.16% from its 1 Year high price. On Jan 2, 2015, the shares registered one year high at $34.03 and the one year low was seen on Dec 14, 2015. The 50-Day Moving Average price is $26.63 and the 200 Day Moving Average price is recorded at $28.18.
Allison Transmission Holdings, Inc. (NYSE:ALSN) has lost 1.56% during the past week and dropped 4.36% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 0.74%. Allison Transmission Holdings, Inc. (NYSE:ALSN) has underperformed the index by 2.12% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) ended Thursday session in red amid volatile trading. The shares closed down 0.12 points or 0.46% at $25.89 with 518,484 shares getting traded. Post opening the session at $25.97, the shares hit an intraday low of $25.79 and an intraday high of $26.08 and the price vacillated in this range throughout the day. The company has a market cap of $4,428 million and the number of outstanding shares have been calculated to be 171,031,830 shares. The 52-week high of Allison Transmission Holdings, Inc. (NYSE:ALSN) is $34.37 and the 52-week low is $24.55.
Currently the company Insiders own 1.72% of Allison Transmission Holdings, Inc. shares according to the proxy statements. Institutional Investors own 95.33% of Allison Transmission Holdings, Inc. shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The officer (SVP, Global MSS) of Allison Transmission Holdings Inc, Headly Michael G. sold 17,492 shares at $28.01 on November 30, 2015. The Insider selling transaction had a total value worth of $489,951. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Allison Transmission Holdings, Inc. (Allison) designs and manufactures commercial and military fully-automatic transmissions. The Company is a manufacturer of fully-automatic transmissions for medium- and heavy-duty commercial vehicles, medium- and heavy-tactical the United States military vehicles and hybrid-propulsion systems for transit buses. Allison transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school and transit), motorhomes, off-highway vehicles and equipment (energy and mining) and military vehicles (wheeled and tracked). In January 2014, the Company opened a facility in the Netherlands to serve customers across Europe, the Middle East and Africa.