To predict the stock price of Albany International (AIN) for the next trading week, we analyze both fundamental and technical factors.
Dividend Declaration: Albany International declared a quarterly dividend of $0.27 per share, consistent with previous dividends, offering a forward yield of 1.35%.
Earnings Report Impact: The stock fell 7.5% after missing Q4 estimates, with EPS of $0.58 and revenue of $286.9 million, both below expectations. The company projects 2025 revenues between $1.165 and $1.265 billion, below consensus estimates.
Ex-Dividend Date: The stock will trade ex-dividend on March 21, potentially causing a slight price drop.
Given the oversold RSI and nearby support, AIN may see a slight bounce. However, the bearish earnings report and lower revenue projections suggest a range-bound or slightly bearish trend.
Predicted Price Range: $71.22 - $74.79
Target Price: $73.50
Sell or Hold: The bearish technical indicators and negative earnings sentiment suggest caution. Consider selling or holding until more positive catalysts emerge.
The price of AIN is predicted to go up 0.55%, based on the high correlation periods with HCC. The similarity of these two price pattern on the periods is 97.55%.
AIN
HCC
JP Morgan
2025-01-15
Price Target
$75 → $74
Downside
-7.98%
Truist Securities
2025-01-14
Price Target
$85 → $88
Upside
+9.97%
TD Cowen
2024-10-04
Price Target
$95 → $81
Upside
+4.22%