Cowen & Co. analyst Gautam Khanna maintained a Hold rating on Albany International (NYSE:AIN) Corp. on Wednesday, setting a price target of $70, which is approximately 7.11% below the present share price of $75.36.
Khanna expects Albany International Corp . to post earnings per share (EPS) of $0.92 for the first quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Hold rating of shares in Albany International, with an average price target of $74.5.
The analysts price targets range from a high of $79 to a low of $70.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $212 million and a net profit of $39.48 million. The company's market cap is $2.43 billion.
According to TipRanks.com, Cowen & Co. analyst Gautam Khanna is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 10.1% and a 69.11% success rate.
Albany International Corp. engages in textiles and materials processing. It operates through the Machine Clothing and Albany Engineered Composites segments. The Machine Clothing segment supplies fabrics used in the manufacturing process in the pulp, corrugator, nonwovens, fiber cement, building products, and tannery and textile industries. The Engineered Composites segment provides composite structures to customers in the commercial and defense aerospace industries. The firm offers regular fabric, consultative, diagnostic, and project specific services. The company was founded on March 8, 1895 and is headquartered in Rochester, NH.