Allison Transmission (NYSE:ALSN) Rating Change

In a research report published on Thursday morning, BofA Merrill downgraded shares of Allison Transmission (NYSE:ALSN) to Neutral rating from Buy rating.

This stock rating downgrade is noticed by stock investors, as NYSE:ALSN is now trading -1.35% lower at $36.10 as of 4:11 AM New York time. Allison Transmission’s stock is 0% in the last 200 days. It has underperformed the S&P500 Index, which has risen 6.00% in the same time.

Out of 15 brokers covering Allison Transmission, 11 rate it a Buy, 5 indicate a Hold while 0 suggest a Sell. The highest target is $36 and the lowest is $26 according to Thomson/First Call. The 12-month mean target is $31.4, which means downside potential of 13.02% over the current price.

Institutional Ownership

Timucuan Asset Management Inc Fl had the biggest stake with ownership of 3.41M shares as of Q2 2015 for 8.94% of the long stock exposure. Sq Advisors Llc is another bull as the fund who is owning 6.00M shares of Allison Transmission or 6.85% of their long stock exposure. Furthermore, Valueact Holdings L.P. have 4.77% of their long stock exposure invested in the company for 19.13M shares. The Illinois-based fund Longview Asset Management Llc disclosed it had purchased so far a stake worth about 4.57% of the fund’s stock portfolio in Allison Transmission. The New York-based fund Valinor Management L.P. is also positive about the stock, possessing 9.26M shares or 3.28% of their long stock exposure.

Allison Transmission (NYSE:ALSN) Profile

Allison Transmission Holdings, Inc. and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles and medium-and heavy-tactical the United States defense vehicles. The Company operates through manufacture and distribution of fully-automatic transmissions segment.

Allison Transmission (NYSE:ALSN) traded down -1.35% on 8 February, hitting $36.1. A total of 335,845 shares of the company’s stock traded hands. This is down from average of 1.07 million shares. Allison Transmission has a 52 week low of $23.43 and a 52 week high of $38.17. The company has a market cap of $5.84 billion and a P/E ratio of 28.34.

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