Albany International Corp. (AIN) Given $52.00 Consensus Target Price by Analysts
Albany International Corp. (NYSE:AIN) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a 1-year consensus price objective of $52.00 for the company, according to Zacks. Zacks has also assigned Albany International an industry rank of 235 out of 265 based on the ratings given to related companies.
Hedge funds have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC lifted its stake in shares of Albany International by 71.3% in the second quarter. Riverhead Capital Management LLC now owns 2,398 shares of the textile maker’s stock valued at $128,000 after buying an additional 998 shares during the period. Flinton Capital Management LLC lifted its stake in shares of Albany International by 72.2% in the second quarter. Flinton Capital Management LLC now owns 2,604 shares of the textile maker’s stock valued at $139,000 after buying an additional 1,092 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Albany International in the third quarter valued at about $202,000. Amalgamated Bank bought a new stake in shares of Albany International in the second quarter valued at about $214,000. Finally, Pinnacle Associates Ltd. bought a new stake in shares of Albany International in the second quarter valued at about $220,000. Institutional investors own 90.68% of the company’s stock.
Albany International (NYSE:AIN) last released its quarterly earnings results on Monday, October 30th. The textile maker reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.15. Albany International had a net margin of 5.06% and a return on equity of 9.24%. The company had revenue of $222.14 million during the quarter. During the same quarter last year, the company earned $0.41 earnings per share.
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About Albany International
Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.
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