Albany International Corporatio with ticker code (AIN) have now 7 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 111 and 86 calculating the average target price we see 96.57. Given that the stocks previous close was at 88.42 this indicates there is a potential upside of 9.2%. There is a 50 day moving average of 86.75 and the 200 day MA is 84.25. The market cap for the company is $2,879m. You can visit the company’s website by visiting: https://www.albint.com
The potential market cap would be $3,144m based on the market concensus.
Albany International Corp., together with its subsidiaries, engages in the textile and materials processing business. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in manufacturing papers, paperboards, tissues, and towels. This segment offers forming, pressing, and drying fabrics, as well as process belts. It also provides supplies engineered fabrics that are used in the manufacturing process in the pulp, corrugator, nonwovens, fiber cement, building products, tannery, and textile industries. This segment sells its products directly to end-user customers. The AEC segment designs, develops, and manufactures composite structures primarily to customers in the commercial and defense aerospace industries. The company operates in the United States, Switzerland, Brazil, China, France, Mexico, and internationally. Albany International Corp. was incorporated in 1895 and is headquartered in Rochester, New Hampshire.
