Albany International Corporatio with ticker code (AIN) have now 6 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 110 and 85 with the average target price sitting at 97.67. Given that the stocks previous close was at 108.2 this would indicate that there is a downside of -9.7%. There is a 50 day moving average of 102.49 while the 200 day moving average is 89.41. The market capitalisation for the company is $3,357m. You can visit the company’s website by visiting: https://www.albint.com
The potential market cap would be $3,030m 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 the manufacturing of papers, paperboards, tissues, and towels. This segment offers forming, pressing, and drying fabrics, as well as process belts used in the manufacture of nonwovens, fiber cement and several other industrial applications; and engineered fabrics. The AEC segment 3D-woven and injected composite components for aircraft engines composite airframe and engine components for military and commercial aircraft. It 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.
