Conversely, other research suggests caution, as Morgan Stanley maintained an “underweight” rating despite boosting their target price range from $39 to $40.Ĭitigroup analysts appear more neutral on Allison Transmission based on available data they modestly cut their target price from $55.00 to $52.00 and maintained a “neutral” rating, suggesting a more cautious approach to investment decisions. In analyzing research reports issued by various analysts, it becomes evident that Bank of America holds a bullish stance on Allison Transmission, lifting its price target from $40.00 to $44.00 back in April 2023 while embracing high expectations for future growth prospects. A debt-to-equity ratio of 2.53 instills trust in both shareholders and potential investors regarding the company’s fiscal responsibilities amidst an ever-changing economic landscape. Such fluctuations give investors hope that this industry leader possesses the potential for continued growth and prosperity.įinancial indicators such as the fifty-day moving average of $51.33 and two-hundred-day moving average of $47.13 demonstrate Allison Transmission’s ability to navigate volatile waters with poise and grace. Over the past year, Allison Transmission has demonstrated remarkable resilience by bouncing back from a one-year low of $32.63 to achieve an impressive one-year high of $57.31. The company’s beta value of 1.02 further solidifies its position as a reliable investment option for risk-averse souls seeking stability in unpredictable markets. As investors eagerly crowded around their screens, the speculation surrounding this renowned auto parts company’s market capitalization of $5.16 billion heightened the air of anticipation.Īllison Transmission has proven itself as a formidable player in the industry, boasting a price-to-earnings (P/E) ratio of 9.32 and a price/earnings-to-growth (PEG) ratio of 1.24. was founded in 1915 and is headquartered in Indianapolis, Indiana.On July 10, 2023, the New York Stock Exchange opened its doors to a bustling morning of trading, with shares of Allison Transmission (NYSE: ALSN) starting at $56.67. The company was formerly known as Clutch Holdings, Inc. The company serves customers through an independent network of approximately 1,400 independent distributor and dealer locations worldwide. It also sells branded replacement parts, support equipment, and other products necessary to service the installed base of vehicles utilizing its transmissions, as well as defense kits, engineering services, and extended transmission coverage services to various original equipment manufacturers, distributors, and the U.S. The company markets its transmissions under Allison Transmission brand name and remanufactured transmissions under ReTran brand name. It offers 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks school, transit, and hybrid-transit buses motor homes energy, mining, and construction off-highway vehicles and equipment and wheeled and tracked defense vehicles. Allison Transmission Holdings, Inc., together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S.
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