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Allison Transmission Holdings, Inc. (ALSN) designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles.
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.
The company markets its transmissions under Allison Transmission brand name; and remanufactured transmissions under ReTran brand name. 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. government.
Allison Transmission Holdings, Inc. serves customers through an independent network of approximately 1,400 independent distributor and dealer locations worldwide.
Shares have formed a bullish "flag" following the company's earnings release. Oppenheimer now forecasts that the firm will post earnings per share of $1.12 for the year, up from their previous forecast of $1.08. Oppenheimer Holdings also issued estimates for Allison Transmission Holdings’ Q4 2016 earnings at $0.22 EPS and FY2017 earnings at $1.29 EPS. Higher share prices are expected for this stock. Note the entry point.
52-Weeks Trading Range: $20.56 - $30.52
Entry Point: $28.50
Stop Loss: $27.00
Target Price: $31.35
ALSN closed at $31.50
