Morgan Stanley Remains a Hold on Allison Transmission Holdings (ALSN)

Morgan Stanley analyst Courtney Yakavonis maintained a Hold rating on Allison Transmission Holdings (ALSN) today and set a price target of $45.00. The company’s shares closed last Monday at $37.72.

According to, Yakavonis is a 3-star analyst with an average return of 3.4% and a 41.4% success rate. Yakavonis covers the Industrial Goods sector, focusing on stocks such as Westinghouse Air Brake Technologies, Timken Company, and Caterpillar.

The word on The Street in general, suggests a Hold analyst consensus rating for Allison Transmission Holdings with a $44.17 average price target, a 17.0% upside from current levels. In a report issued on February 17, Robert W. Baird also maintained a Hold rating on the stock with a $46.00 price target.

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Based on Allison Transmission Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $532 million and net profit of $77 million. In comparison, last year the company earned revenue of $669 million and had a net profit of $149 million.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ALSN in relation to earlier this year. Earlier this month, Randall Kirk, the SVP, Prod Eng & Prog Mgmt of ALSN bought 9,664 shares for a total of $260,987.

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Allison Transmission Holdings, Inc. engages in the manufacture and distribution of vehicle propulsion solutions, which includes commercial-duty on-highway, off-highway and defense fully-automatic transmissions and electric-hybrid and fully-electric systems. The company solutions are used in applications, including on-highway trucks, buses, motorhomes, off-highway vehicles and equipment, and defense vehicles. It also sell branded replacement parts, support equipment, aluminum die cast components and other products necessary to service the installed base of vehicles utilizing its solutions. The company was founded in 1915 and is headquartered in Indianapolis, IN.

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