Albany International Corporatio – Consensus Indicates Potential 8.8% Upside

Broker Ratings

Albany International Corporatio found using ticker (AIN) have now 6 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 105 and 84 with a mean TP of 90.5. Now with the previous closing price of 83.2 this now indicates there is a potential upside of 8.8%. The 50 day moving average now sits at 88.17 and the 200 day moving average is 83.65. The company has a market capitalisation of $2,649m. Company Website: http://www.albint.com

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.

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