Albany International (NYSE:AIN) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan raised Albany International’s price target from $61 to $67 while maintaining a “neutral” rating, implying 8.38% upside from the prior close.
• Analyst sentiment remains cautious: four analysts rate the stock “hold” and one rates it “sell,” producing a consensus “reduce” rating and an average target price of $67.67.
• Albany International’s shares closed at $61.82 after rising $2.39; the company recently beat quarterly EPS expectations, reporting $0.82 versus the $0.74 consensus, while revenue increased 5.8% year over year.

Albany International (NYSE:AIN - Get Free Report) had its target price increased by analysts at JPMorgan Chase & Co. from $61.00 to $67.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a "neutral" rating on the textile maker's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 8.38% from the stock's previous close.

Other research analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of Albany International from a "sell (d+)" rating to a "sell (d)" rating in a research report on Friday, October 2nd. Robert W. Baird boosted their target price on Albany International from $64.00 to $75.00 and gave the stock a "neutral" rating in a report on Thursday, September 3rd. Wall Street Zen cut Albany International from a "buy" rating to a "hold" rating in a research note on Saturday, October 3rd. Finally, Truist Financial lifted their target price on Albany International from $55.00 to $61.00 and gave the stock a "hold" rating in a report on Friday, June 12th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Albany International has a consensus rating of "Reduce" and an average target price of $67.67.

Albany International Price Performance

Shares of NYSE:AIN traded up $2.39 on Friday, hitting $61.82. The company had a trading volume of 123,208 shares, compared to its average volume of 274,745. The business has a 50 day moving average of $61.00 and a 200 day moving average of $63.36. The company has a current ratio of 2.24, a quick ratio of 1.89 and a debt-to-equity ratio of 0.60. The company has a market cap of $1.76 billion, a PE ratio of -35.64, a PEG ratio of 1.51 and a beta of 1.17. Albany International has a 52-week low of $41.15 and a 52-week high of $77.00.

Albany International (NYSE:AIN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The textile maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. Albany International had a negative net margin of 4.18% and a positive return on equity of 10.76%. The business had revenue of $329.48 million for the quarter, compared to analyst estimates of $340.10 million. During the same period in the prior year, the firm posted $0.31 EPS. The company's revenue was up 5.8% on a year-over-year basis. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. As a group, equities analysts anticipate that Albany International will post 3.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Albany International

Large investors have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in shares of Albany International by 18.2% during the 1st quarter. Bank of America Corp DE now owns 1,043,579 shares of the textile maker's stock worth $54,485,000 after buying an additional 160,370 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Albany International by 1.4% in the first quarter. Sei Investments Co. now owns 786,470 shares of the textile maker's stock valued at $41,062,000 after purchasing an additional 10,878 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Albany International by 199.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 644,605 shares of the textile maker's stock worth $33,655,000 after buying an additional 429,561 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in Albany International by 20.3% in the 1st quarter. Deprince Race & Zollo Inc. now owns 439,053 shares of the textile maker's stock valued at $22,923,000 after purchasing an additional 74,028 shares during the period. Finally, Invenomic Capital Management LP raised its stake in Albany International by 19.2% in the 4th quarter. Invenomic Capital Management LP now owns 386,053 shares of the textile maker's stock worth $19,573,000 after purchasing an additional 62,058 shares in the last quarter. 97.37% of the stock is currently owned by institutional investors.

Albany International Company Profile

Albany International Corp. NYSE: AIN develops and manufactures advanced engineered products and materials for industrial and aerospace applications. The company operates through two principal business segments: Machine Clothing and Albany Engineered Composites.

The Machine Clothing segment produces custom-designed fabrics, process belts and related products used in papermaking and other industrial production processes. Its products support the forming, pressing, drying and finishing stages of paper manufacturing, as well as selected applications in nonwoven materials and other process industries.

Albany Engineered Composites manufactures lightweight, high-performance composite components and structures for commercial aerospace, military and other demanding applications.

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