Latest Stocks: Allison Transmission Holdings (ALSN) Getting Favorable News Coverage, Report Finds

Latest Stocks: Allison Transmission Holdings (ALSN) Getting Favorable News Coverage, Report Finds

Media stories about Allison Transmission Holdings (NASDAQ:ALSN) have trended positive on Tuesday, according to Alpha One Sentiment Analysis. Alpha One, a service of Accern, identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Allison Transmission Holdings earned a news sentiment score of 0.29 on Alpha One’s scale. Alpha One also gave media headlines about the auto parts company an impact score of 89 out of 100, indicating that recent news coverage is very likely to have an impact on the stock’s share price in the near term.

These are some of the media headlines that may have effected Alpha One’s scoring:

Allison Transmission Holdings (NASDAQ:ALSN) opened at 38.24 on Tuesday. Allison Transmission Holdings has a one year low of $26.36 and a one year high of $40.02. The company’s 50-day moving average is $37.76 and its 200 day moving average is $35.74. The company has a market capitalization of $5.81 billion and a P/E ratio of 25.44. Allison Transmission Holdings (NASDAQ:ALSN) last posted its quarterly earnings results on Wednesday, April 26th. The auto parts company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.17. The business had revenue of $499 million during the quarter, compared to analyst estimates of $461.76 million. During the same period in the previous year, the business posted $0.63 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. Analysts predict that Allison Transmission Holdings will post $1.80 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Monday, May 22nd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.57%. The ex-dividend date was Thursday, May 18th. A number of research analysts recently issued reports on ALSN shares. Royal Bank of Canada reiterated a “buy” rating and issued a $38.00 target price on shares of Allison Transmission Holdings in a research note on Wednesday, March 22nd. Barclays PLC restated an “overweight” rating and issued a $39.00 price target on shares of Allison Transmission Holdings in a research report on Wednesday, February 8th. Stifel Nicolaus raised their price target on shares of Allison Transmission Holdings from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Seaport Global Securities began coverage on shares of Allison Transmission Holdings in a research report on Thursday, April 6th. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research upgraded shares of Allison Transmission Holdings from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. Allison Transmission Holdings currently has an average rating of “Buy” and an average price target of $37.89.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Monday, May 22nd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.57%. The ex-dividend date was Thursday, May 18th. In related news, SVP Randall R. Kirk sold 6,854 shares of Allison Transmission Holdings stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $35.82, for a total value of $245,510.28. Following the completion of the sale, the senior vice president now owns 67,149 shares of the company’s stock, valued at approximately $2,405,277.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Randall R. Kirk sold 7,230 shares of Allison Transmission Holdings stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $38.59, for a total transaction of $279,005.70. Following the completion of the sale, the senior vice president now directly owns 72,085 shares of the company’s stock, valued at approximately $2,781,760.15. The disclosure for this sale can be found here. In the last three months, insiders sold 121,426 shares of company stock valued at $4,667,659.

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