Could Albany International Corp. (AIN) Go Down After Touching All-Time High?

March 14, 2018 - By Stephen Andrade

Investors sentiment decreased to 1.22 in Q3 2017. Its down 0.53, from 1.75 in 2017Q2. It worsened, as 12 investors sold Albany International Corp. shares while 52 reduced holdings. 20 funds opened positions while 58 raised stakes. 28.94 million shares or 0.26% less from 29.02 million shares in 2017Q2 were reported.
Mesirow Fin Inv owns 403,524 shares. Bbva Compass Retail Bank has 0.02% invested in Albany International Corp. (NYSE:AIN). 118 are owned by Bessemer Grp Inc Inc. Retail Bank Of Mellon Corporation invested in 476,651 shares. Ohio-based Victory Capital has invested 0% in Albany International Corp. (NYSE:AIN). Ny State Common Retirement Fund invested in 391,431 shares or 0.03% of the stock. Wellington Grp Llp owns 2.05M shares. Assetmark Inc stated it has 0% of its portfolio in Albany International Corp. (NYSE:AIN). Eagle Boston Inv stated it has 0.81% in Albany International Corp. (NYSE:AIN). Great West Life Assurance Com Can owns 39,943 shares. Blair William & Il stated it has 4,990 shares. Us Commercial Bank De owns 878 shares. 5,733 are owned by State Of Alaska Department Of Revenue. Sei Investments stated it has 0.01% of its portfolio in Albany International Corp. (NYSE:AIN). Credit Agricole S A has invested 0% in Albany International Corp. (NYSE:AIN).

The stock of Albany International Corp. (NYSE:AIN) reached all time high today, Mar, 14 and still has $73.25 target or 9.00 % above today’s $67.20 share price. This indicates more upside for the $2.16B company. This technical setup was reported by If the $73.25 PT is reached, the company will be worth $194.76M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 0.15% or $0.1 during the last trading session, reaching $67.2. About 29,897 shares traded. Albany International Corp. (NYSE:AIN) has risen 20.57% since March 14, 2017 and is uptrending. It has outperformed by 3.87% the S&P500.

Analysts await Albany International Corp. (NYSE:AIN) to report earnings on May, 3. They expect $0.47 EPS, up 2.17 % or $0.01 from last year’s $0.46 per share. AIN’s profit will be $15.14M for 35.74 P/E if the $0.47 EPS becomes a reality. After $0.43 actual EPS reported by Albany International Corp. for the previous quarter, Wall Street now forecasts 9.30 % EPS growth.

Albany International Corp. (NYSE:AIN) Ratings Coverage

Among 4 analysts covering Albany Intl (NYSE:AIN), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Albany Intl had 5 analyst reports since October 29, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, March 6 by Stephens. As per Thursday, October 29, the company rating was initiated by Macquarie Research. The firm has “Neutral” rating by Sidoti given on Friday, December 16. The rating was maintained by Macquarie Research on Wednesday, December 9 with “Outperform”.

More news for Albany International Corp. (NYSE:AIN) were recently published by:, which released: “CORRECTING and REPLACING Albany International Reports Fourth-Quarter Results” on February 15, 2018.‘s article titled: “Albany International Announces New Director Nominee” and published on February 23, 2018 is yet another important article.

Albany International Corp. engages in textile and materials processing businesses worldwide. The company has market cap of $2.16 billion. The firm operates through Machine Clothing and Albany Engineered Composites (AEC) divisions. It has a 65.31 P/E ratio. The MC segment designs, makes, and markets paper machine clothing.

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