Albany International Corp [AIN] stock prices are up 0.04% to $83.56 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The AIN shares have gain 1.77% over the last week, with a monthly amount glided 15.62%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Albany International Corp [NYSE: AIN] stock has seen the most recent analyst activity on March 28, 2024, when BofA Securities downgraded its rating to a Underperform and also revised its price target to $95 from $105. Previously, TD Cowen upgraded its rating to Outperform on September 18, 2023, and elevated its price target to $106. On July 14, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $120 on the stock. Truist upgraded its rating to a Buy and increased its price target to $105 on April 27, 2023. Truist downgraded its rating to a Hold but $80 remained the price target by the analyst firm on October 12, 2022. BofA Securities downgraded its rating to Neutral for this stock on February 22, 2022, and downed its price target to $90. In a note dated January 07, 2022, Truist upgraded an Buy rating on this stock and boosted its target price from $85 to $100.
The stock price of Albany International Corp [AIN] has been fluctuating between $67.39 and $99.41 over the past year. Currently, Wall Street analysts expect the stock to reach $91 within the next 12 months. Albany International Corp [NYSE: AIN] shares were valued at $83.56 at the most recent close of the market. An investor can expect a potential return of 8.9% based on the average AIN price forecast.
Analyzing the AIN fundamentals
The Albany International Corp [NYSE:AIN] reported sales of 1.27B for trailing twelve months, representing a surge of 6.15%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.1 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.37.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 82.56 points at the first support level, and at 81.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 84.40, and for the 2nd resistance point, it is at 85.25.
Ratios To Look Out For
It’s worth pointing out that Albany International Corp [NYSE:AIN]’s Current Ratio is 3.68. On the other hand, the Quick Ratio is 2.94, and the Cash Ratio is 0.58. Considering the valuation of this stock, the price to sales ratio is 2.06, the price to book ratio is 2.64 and price to earnings (TTM) ratio is 26.08.
Transactions by insiders
Recent insider trading involved Gaug Joseph M, VP-General Counsel & Secretary, that happened on Nov 05 ’24 when 1000.0 shares were purchased. CFO & TREASURER, Starr Robert D. completed a deal on Nov 05 ’24 to buy 1000.0 shares. Meanwhile, Senior Vice President & CTO Hansen Robert Alan bought 1050.0 shares on Nov 05 ’24.
