Shares of Albany International Corp. (NYSE:AIN) have been assigned a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.

Brokers have set a 12-month consensus price objective of $64.00 for the company and are expecting that the company will post $0.65 EPS for the current quarter, according to Zacks. Zacks has also given Albany International an industry rank of 218 out of 255 based on the ratings given to its competitors.

Several research analysts have recently issued reports on AIN shares. Zacks Investment Research upgraded shares of Albany International from a “sell” rating to a “hold” rating in a report on Monday, August 6th. Noble Financial restated a “hold” rating on shares of Albany International in a report on Wednesday.

Shares of Albany International traded down $0.25, hitting $75.95, on Tuesday, MarketBeat Ratings reports. 165,262 shares of the company were exchanged, compared to its average volume of 130,613. Albany International has a one year low of $49.20 and a one year high of $77.35. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.67 and a current ratio of 2.99. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 47.17 and a beta of 1.67.

Albany International (NYSE:AIN) last posted its quarterly earnings data on Monday, August 6th. The textile maker reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.28. Albany International had a net margin of 6.38% and a return on equity of 13.03%. The company had revenue of $256.23 million for the quarter, compared to the consensus estimate of $233.50 million. During the same quarter in the previous year, the firm posted $0.48 EPS. equities analysts predict that Albany International will post 2.33 EPS for the current year.

Large investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Albany International by 63.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,212 shares of the textile maker’s stock worth $139,000 after purchasing an additional 858 shares during the period. Xact Kapitalforvaltning AB bought a new position in shares of Albany International during the 4th quarter worth about $218,000. FDx Advisors Inc. increased its holdings in shares of Albany International by 20.6% during the 2nd quarter. FDx Advisors Inc. now owns 4,466 shares of the textile maker’s stock worth $269,000 after purchasing an additional 764 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of Albany International during the 2nd quarter worth about $280,000. Finally, Ramsey Quantitative Systems bought a new stake in Albany International in the second quarter valued at about $295,000. Institutional investors own 88.81% of the company’s stock.

About Albany International

Albany International Corp. engages in textile and materials processing businesses worldwide. The company operates through two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing. This segment offers forming, pressing, dryer fabrics, and process belts.

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