Albany International (NYSE:AIN) Stock Rating Raised to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Albany International from “hold” to “buy,” although the broader analyst consensus remains “Reduce,” with four hold ratings and one sell rating.
• Shares rose 4.2% to $61.94, while JPMorgan and Robert W. Baird raised their price targets to $67 and $75, respectively, but maintained neutral ratings.
• Albany International exceeded quarterly EPS expectations, reporting $0.82 versus the $0.74 consensus estimate, while revenue increased 5.8% year over year to $329.48 million but fell short of estimates.

Albany International (NYSE:AIN - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Sunday, Wall Street Zen reports.

Several other brokerages also recently issued reports on AIN. JPMorgan Chase & Co. increased their price objective on shares of Albany International from $61.00 to $67.00 and gave the company a "neutral" rating in a research report on Friday. Weiss Ratings cut shares of Albany International from a "sell (d+)" rating to a "sell (d)" rating in a research report on Friday, October 2nd. Finally, Robert W. Baird upped their target price on shares of Albany International from $64.00 to $75.00 and gave the company a "neutral" rating in a research note on Thursday, September 3rd. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $67.67.

Albany International Trading Up 4.2%

NYSE:AIN opened at $61.94 on Friday. The business's 50-day moving average is $60.75 and its two-hundred day moving average is $63.35. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.24 and a quick ratio of 1.89. Albany International has a 12 month low of $41.15 and a 12 month high of $77.00. The firm has a market capitalization of $1.76 billion, a PE ratio of -35.60, a price-to-earnings-growth ratio of 1.57 and a beta of 1.17.

Albany International (NYSE:AIN - Get Free Report) last issued its earnings results 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 positive return on equity of 10.76% and a negative net margin of 4.18%. The company had revenue of $329.48 million during the quarter, compared to the consensus estimate of $340.10 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. The company's revenue was up 5.8% compared to the same quarter last year. Albany International has set its Q3 2026 guidance at 0.600-0.700 EPS. Research analysts predict that Albany International will post 3.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Albany International

Several hedge funds and other institutional investors have recently modified their holdings of AIN. Nykredit A S acquired a new stake in shares of Albany International during the 2nd quarter worth approximately $31,000. Allworth Financial LP boosted its position in Albany International by 95.1% during the 2nd quarter. Allworth Financial LP now owns 474 shares of the textile maker's stock valued at $35,000 after purchasing an additional 231 shares during the period. Integrated Wealth Concepts LLC bought a new position in Albany International during the 2nd quarter worth $35,000. GAMMA Investing LLC grew its stake in Albany International by 25.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,286 shares of the textile maker's stock worth $96,000 after buying an additional 260 shares during the last quarter. Finally, SkyView Investment Advisors LLC bought a new position in shares of Albany International during the second quarter worth about $168,000. Institutional investors own 97.37% of the company's stock.

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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