What Can We Expect After Allison Transmission (NYSE:ALSN)’s Downgrade By Longbow Research?

October 13, 2017 - By Nellie Frank

 What Can We Expect After Allison Transmission (NYSE:ALSN)'s Downgrade By Longbow Research?

Investors sentiment increased to 1.39 in 2017 Q2. Its up 0.16, from 1.23 in 2017Q1. It is positive, 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.

796,472 are owned by Wells Fargo & Co Mn. Numeric Investors Limited Co has 1.81 million shares. Artemis Inv Mgmt Limited Liability Partnership holds 0.06% or 63,004 shares. The New York-based Qs Invsts Limited Liability Company has invested 0.03% in Allison Transmission Holdings Inc (NYSE:ALSN). Point72 Asia (Hong Kong) reported 0% stake. Nationwide Fund Advisors has 483,692 shares. Canada Pension Plan Inv Board reported 0.06% stake. Prelude Capital Ltd Liability Company has 8,100 shares for 0.03% of their portfolio. Bluecrest Mgmt Ltd holds 0.01% or 5,554 shares. Balyasny Asset Mngmt holds 0% or 29,459 shares in its portfolio. Fdx Advisors Inc reported 21,648 shares. Invesco stated it has 0.01% in Allison Transmission Holdings Inc (NYSE:ALSN). Keybank National Association Oh owns 17,972 shares. Moreover, Stifel Fincl Corporation has 0% invested in Allison Transmission Holdings Inc (NYSE:ALSN) for 27,312 shares. Geode Capital Mngmt Limited Liability Com accumulated 1.66 million shares or 0.02% of the stock.

Since May 1, 2017, it had 0 insider buys, and 6 insider sales for $7.70 million activity. $279,676 worth of Allison Transmission Holdings Inc (NYSE:ALSN) was sold by Kirk Randall R.. On Tuesday, May 23 the insider Dick Michael sold $279,127. Dewey Lawrence E. sold $2.99M worth of Allison Transmission Holdings Inc (NYSE:ALSN) on Monday, May 1.

Allison Transmission (NYSE:ALSN) Receives a Downgrade

Shares of Allison Transmission (NYSE:ALSN) were cut to a “Neutral” by analysts at Longbow Research. ALSN’s rating of a “Buy” has been discontinued.

Investors sentiment increased to 1.39 in 2017 Q2. Its up 0.16, from 1.23 in 2017Q1. It is positive, 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.

796,472 are owned by Wells Fargo & Co Mn. Numeric Investors Limited Co has 1.81 million shares. Artemis Inv Mgmt Limited Liability Partnership holds 0.06% or 63,004 shares. The New York-based Qs Invsts Limited Liability Company has invested 0.03% in Allison Transmission Holdings Inc (NYSE:ALSN). Point72 Asia (Hong Kong) reported 0% stake. Nationwide Fund Advisors has 483,692 shares. Canada Pension Plan Inv Board reported 0.06% stake. Prelude Capital Ltd Liability Company has 8,100 shares for 0.03% of their portfolio. Bluecrest Mgmt Ltd holds 0.01% or 5,554 shares. Balyasny Asset Mngmt holds 0% or 29,459 shares in its portfolio. Fdx Advisors Inc reported 21,648 shares. Invesco stated it has 0.01% in Allison Transmission Holdings Inc (NYSE:ALSN). Keybank National Association Oh owns 17,972 shares. Moreover, Stifel Fincl Corporation has 0% invested in Allison Transmission Holdings Inc (NYSE:ALSN) for 27,312 shares. Geode Capital Mngmt Limited Liability Com accumulated 1.66 million shares or 0.02% of the stock.

Since May 1, 2017, it had 0 insider buys, and 6 insider sales for $7.70 million activity. $279,676 worth of Allison Transmission Holdings Inc (NYSE:ALSN) was sold by Kirk Randall R.. On Tuesday, May 23 the insider Dick Michael sold $279,127. Dewey Lawrence E. sold $2.99M worth of Allison Transmission Holdings Inc (NYSE:ALSN) 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. Oppenheimer maintained Allison Transmission Holdings Inc (NYSE:ALSN) rating on Monday, July 31. Oppenheimer has “Buy” rating and $4600 target. As per Wednesday, August 30, the company rating was maintained by Piper Jaffray. Stifel Nicolaus maintained Allison Transmission Holdings Inc (NYSE:ALSN) rating on Monday, July 17. Stifel Nicolaus has “Hold” rating and $4000 target. The rating was maintained by Stifel Nicolaus on Thursday, July 27 with “Hold”. JP Morgan downgraded it to “Neutral” rating and $29 target in Friday, October 9 report. The rating was upgraded by JP Morgan to “Overweight” on Friday, December 9. As per Thursday, August 17, the company rating was downgraded by J.P. Morgan. Barclays Capital initiated the stock with “Overweight” rating in Friday, September 25 report. The company was maintained on Friday, June 2 by RBC Capital Markets. The stock of Allison Transmission Holdings Inc (NYSE:ALSN) earned “Outperform” rating by RBC Capital Markets on Friday, April 28.

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.

Investors wait Allison Transmission Holdings Inc (NYSE:ALSN) to report on October, 23. its quarterly earnings Wall Street analysts expect $0.47 EPS, up $0.20 or 74.07 % from last year’s $0.27 same quarter earnings. This translates into $70.03M profit for ALSN giving the stock a 19.88 P/E. This is assuming the current $0.47 EPS is accurate. Allison Transmission Holdings Inc’s Wall Street analysts see -25.40 % negative EPS growth, taking into account the $0.63 EPS reproted in the previous quarter,

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: “Allison Transmission closes $400 million senior notes offering” on September 26, 2017. Prnewswire.com‘s article titled: “Pre-Market Technical Recap on Auto Parts Stocks — Allison Transmission …” and published on October 05, 2017 is yet another important article.

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