Allison Transmission (NYSE:ALSN) Has Been Downgraded Today by Longbow Research to a Neutral

October 13, 2017 - By Marry Poplack

 Allison Transmission (NYSE:ALSN) Has Been Downgraded Today by Longbow Research to a Neutral

Investors sentiment increased to 1.39 in Q2 2017. Its up 0.16, from 1.23 in 2017Q1. It improved, as 21 investors sold Allison Transmission Holdings Inc shares while 81 reduced holdings. 55 funds opened positions while 87 raised stakes. 153.29 million shares or 2.13% more from 150.08 million shares in 2017Q1 were reported.

Jefferies Gru Inc Llc accumulated 63,202 shares. Panagora Asset Mgmt Inc holds 0.31% or 2.07 million shares in its portfolio. Massachusetts Fincl Ma owns 0.01% invested in Allison Transmission Holdings Inc (NYSE:ALSN) for 354,824 shares. Menta Limited Liability Corporation reported 5,500 shares stake. Ci Glob Investments accumulated 0.19% or 267,557 shares. Bnp Paribas Asset Management Hldg reported 79,024 shares. Nomura Asset Ltd has 25,008 shares. Castleark Mngmt Lc stated it has 0.16% in Allison Transmission Holdings Inc (NYSE:ALSN). Raymond James & Assocs holds 0% or 48,288 shares in its portfolio. Caldwell And Orkin owns 10,400 shares or 0.48% of their US portfolio. Meeder Asset Mngmt holds 52,615 shares or 0.19% of its portfolio. Evercore Wealth Mngmt Ltd Com reported 357 shares. Brinker Capital Incorporated invested in 50,789 shares or 0.09% of the stock. 165 are held by Huntington Retail Bank. Sg Americas Lc reported 7,957 shares stake.

Since May 1, 2017, it had 0 buys, and 6 selling transactions for $7.70 million activity. 7,230 Allison Transmission Holdings Inc (NYSE:ALSN) shares with value of $279,030 were sold by Kirk Randall R.. Graziosi David S. sold $1.91M worth of stock. Dick Michael sold $279,127 worth of stock or 7,342 shares. Dewey Lawrence E. had sold 77,678 shares worth $2.99 million on Monday, May 1.

Allison Transmission (NYSE:ALSN) Receives a Downgrade

Shares of New York-listed Allison Transmission (NYSE:ALSN) Have been downgraded by equity research analysts at Longbow Research. Longbow Research decreased their rating for the $5.57 billion market cap company to a Neutral from their previous Buy rating.

Investors sentiment increased to 1.39 in Q2 2017. Its up 0.16, from 1.23 in 2017Q1. It improved, as 21 investors sold Allison Transmission Holdings Inc shares while 81 reduced holdings. 55 funds opened positions while 87 raised stakes. 153.29 million shares or 2.13% more from 150.08 million shares in 2017Q1 were reported.

Jefferies Gru Inc Llc accumulated 63,202 shares. Panagora Asset Mgmt Inc holds 0.31% or 2.07 million shares in its portfolio. Massachusetts Fincl Ma owns 0.01% invested in Allison Transmission Holdings Inc (NYSE:ALSN) for 354,824 shares. Menta Limited Liability Corporation reported 5,500 shares stake. Ci Glob Investments accumulated 0.19% or 267,557 shares. Bnp Paribas Asset Management Hldg reported 79,024 shares. Nomura Asset Ltd has 25,008 shares. Castleark Mngmt Lc stated it has 0.16% in Allison Transmission Holdings Inc (NYSE:ALSN). Raymond James & Assocs holds 0% or 48,288 shares in its portfolio. Caldwell And Orkin owns 10,400 shares or 0.48% of their US portfolio. Meeder Asset Mngmt holds 52,615 shares or 0.19% of its portfolio. Evercore Wealth Mngmt Ltd Com reported 357 shares. Brinker Capital Incorporated invested in 50,789 shares or 0.09% of the stock. 165 are held by Huntington Retail Bank. Sg Americas Lc reported 7,957 shares stake.

Since May 1, 2017, it had 0 buys, and 6 selling transactions for $7.70 million activity. 7,230 Allison Transmission Holdings Inc (NYSE:ALSN) shares with value of $279,030 were sold by Kirk Randall R.. Graziosi David S. sold $1.91M worth of stock. Dick Michael sold $279,127 worth of stock or 7,342 shares. Dewey Lawrence E. had sold 77,678 shares worth $2.99 million on Monday, May 1.

Allison Transmission Holdings Inc (NYSE:ALSN) Ratings Coverage

Among 20 analysts covering Allison Transmission Holdings (NYSE:ALSN), 8 have Buy rating, 3 Sell and 9 Hold. Therefore 40% are positive. Allison Transmission Holdings has $51.0 highest and $25.0 lowest target. $36.62’s average target is -2.03% below currents $37.38 stock price. Allison Transmission Holdings had 56 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Hold” rating by Deutsche Bank on Wednesday, August 2. The stock of Allison Transmission Holdings Inc (NYSE:ALSN) earned “Neutral” rating by Citigroup on Friday, July 29. RBC Capital Markets initiated the stock with “Outperform” rating in Tuesday, March 15 report. As per Friday, October 9, the company rating was downgraded by JP Morgan. Robert W. Baird upgraded Allison Transmission Holdings Inc (NYSE:ALSN) on Tuesday, August 1 to “Outperform” rating. The company was downgraded on Tuesday, September 5 by Deutsche Bank. Stifel Nicolaus downgraded the stock to “Hold” rating in Tuesday, June 14 report. The company was maintained on Tuesday, July 11 by Piper Jaffray. On Thursday, April 20 the stock rating was maintained by Barclays Capital with “Overweight”. Stifel Nicolaus maintained it with “Hold” rating and $4100 target in Thursday, July 27 report.

About 869,891 shares traded. Allison Transmission Holdings Inc (NYSE:ALSN) has risen 38.35% since October 13, 2016 and is uptrending. It has outperformed by 21.65% the S&P500.

Analysts expect Allison Transmission Holdings Inc (NYSE:ALSN) to report $0.47 EPS on October, 23.They anticipate $0.20 EPS change or 74.07 % from last quarter’s $0.27 EPS. ALSN’s profit would be $70.03 million giving it 19.88 P/E if the $0.47 EPS is correct. After having $0.63 EPS previously, Allison Transmission Holdings Inc’s analysts see -25.40 % EPS growth.

Allison Transmission Holdings, Inc. and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The company has market cap of $5.57 billion. The Firm makes fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. It has a 20.99 P/E ratio. The Company’s transmissions are used in a range of applications, including on-highway trucks , buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).

More news for Allison Transmission Holdings Inc (NYSE:ALSN) were recently published by: Prnewswire.com, which released: “Pre-Market Technical Recap on Auto Parts Stocks — Allison Transmission …” on October 05, 2017. Prnewswire.com‘s article titled: “Allison Transmission closes $400 million senior notes offering” and published on September 26, 2017 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.