Shares of Albany International Corp. (NYSE:AIN) have earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Zacks has also assigned Albany International an industry rank of 248 out of 257 based on the ratings given to related companies.

Several brokerages have recently commented on AIN. ValuEngine upgraded Albany International from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Zacks Investment Research downgraded Albany International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. Finally, Stephens restated a “hold” rating on shares of Albany International in a research report on Thursday, August 16th.

Institutional investors have recently made changes to their positions in the company. Ibex Investors LLC purchased a new position in shares of Albany International in the third quarter valued at about $208,000. Hsbc Holdings PLC bought a new stake in shares of Albany International in the third quarter worth about $217,000. Jane Street Group LLC bought a new stake in shares of Albany International in the third quarter worth about $243,000. D.A. Davidson & CO. bought a new stake in shares of Albany International in the third quarter worth about $258,000. Finally, Bank of Montreal Can increased its holdings in shares of Albany International by 40.2% in the third quarter. Bank of Montreal Can now owns 3,422 shares of the textile maker’s stock worth $273,000 after purchasing an additional 982 shares during the last quarter. Institutional investors and hedge funds own 87.08% of the company’s stock.

Shares of AIN opened at $68.06 on Wednesday. The firm has a market capitalization of $2.23 billion, a P/E ratio of 42.27 and a beta of 1.74. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.90 and a quick ratio of 2.41. Albany International has a one year low of $57.95 and a one year high of $82.20.

Albany International (NYSE:AIN) last released its earnings results on Tuesday, October 30th. The textile maker reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.15. Albany International had a return on equity of 14.33% and a net margin of 7.51%. The company had revenue of $253.25 million for the quarter, compared to the consensus estimate of $248.50 million. Equities research analysts predict that Albany International will post 2.54 EPS for the current fiscal year.

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.

Further Reading: What does the Dow Jones Industrial Average (DJIA) measure?

Get a free copy of the Zacks research report on Albany International (AIN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Albany International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Albany International and related companies with MarketBeat.com's FREE daily email newsletter.