Published On: Thu, Sep 8th, 2016

Allison Transmission Holdings Inc. (ALSN) Earns Hold Rating from Analysts at Deutsche Bank AG

Equities research analysts at Deutsche Bank AG began coverage on shares of Allison Transmission Holdings Inc. (NYSE:ALSN) in a research note issued to investors on Wednesday, StockTargetPrices.com reports. The brokerage set a “hold” rating and a $30.00 price target on the stock. Deutsche Bank AG‘s price objective would indicate a potential upside of 8.07% from the company’s previous close.
Several other research analysts have also recently issued reports on ALSN. Citigroup increased their price objective on Allison Transmission Holdings from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Friday, July 29th. Stifel Nicolaus cut Allison Transmission Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $29.75.
Several hedge funds have modified their holdings of ALSN. Ashe Capital Management LP raised its stake in shares of Allison Transmission Holdings by 39.2% in the fourth quarter. Ashe Capital Management LP now owns 9,420,185 shares of the company’s stock valued at $243,889,000 after buying an additional 2,651,712 shares in the last quarter. Norges Bank acquired a new stake in shares of Allison Transmission Holdings during the fourth quarter valued at approximately $36,332,000. JPMorgan Chase & Co. raised its stake in shares of Allison Transmission Holdings by 20.1% in the first quarter. JPMorgan Chase & Co. now owns 3,351,451 shares of the company’s stock valued at $90,422,000 after buying an additional 560,529 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in shares of Allison Transmission Holdings by 7.4% in the first quarter. Burgundy Asset Management Ltd. now owns 4,412,513 shares of the company’s stock valued at $119,050,000 after buying an additional 302,873 shares in the last quarter. Finally, Timucuan Asset Management Inc. FL raised its stake in shares of Allison Transmission Holdings by 6.4% in the first quarter. Timucuan Asset Management Inc. FL now owns 3,324,593 shares of the company’s stock valued at $89,698,000 after buying an additional 199,122 shares in the last quarter.

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Allison Transmission Holdings (NYSE:ALSN) traded up 0.14% during trading on Wednesday, reaching $27.76. The company had a trading volume of 1,324,516 shares. The company has a market capitalization of $4.65 billion and a PE ratio of 28.33. The firm’s 50 day moving average is $28.38 and its 200 day moving average is $27.49. Allison Transmission Holdings has a one year low of $20.56 and a one year high of $30.52.
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.
To view Deutsche Bank AG’s full report, visit Deutsche Bank AG’s official website.

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