Albany International Corp., together with its subsidiaries, engages in the textile and materials processing business. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in manufacturing papers, paperboards, tissues, and towels. This segment offers forming, pressing, and drying fabrics, as well as process belts. It also provides supplies engineered fabrics that are used in the manufacturing process in the pulp, corrugator, nonwovens, fiber cement, building products, tannery, and textile industries. This segment sells its products directly to end-user customers. The AEC segment designs, develops, and manufactures composite structures primarily to customers in the commercial and defense aerospace industries. The company operates in the United States, Switzerland, Brazil, China, France, Mexico, and internationally. Albany International Corp. was incorporated in 1895 and is headquartered in Rochester, New Hampshire.
IPO Year:
Exchange: NYSE
Website: albint.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/28/2024 | $105.00 → $95.00 | Neutral → Underperform | BofA Securities |
| 9/18/2023 | $100.00 → $106.00 | Market Perform → Outperform | TD Cowen |
| 7/14/2023 | $101.00 → $120.00 | Neutral → Outperform | Robert W. Baird |
| 4/27/2023 | $90.00 → $105.00 | Hold → Buy | Truist |
| 10/12/2022 | $80.00 | Buy → Hold | Truist |
| 2/22/2022 | $105.00 → $90.00 | Buy → Neutral | BofA Securities |
| 1/7/2022 | $85.00 → $100.00 | Hold → Buy | Truist |
| 10/15/2021 | $89.00 → $85.00 | Hold | Truist Securities |
| 7/30/2021 | $105.00 | Neutral → Buy | B of A Securities |
| 6/28/2021 | Hold | Truist Securities |