AIN Price Prediction Next Week
AIN Stock Price Prediction and Recommendation
News Analysis:
- Dividend Declaration: Albany International declared a quarterly dividend of $0.27 per share, maintaining consistency with previous dividends.
- Manufacturing Transition: The company plans to discontinue operations at its Ballo, Italy facility, transferring production to Merone, Italy, aiming to streamline operations and align with local market demands.
- 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.
Technical Indicators:
- RSI: 36.38 (oversold range).
- MACD: Negative, indicating a bearish trend.
- SMA: Below 20, 50, and 200-day moving averages.
- Bollinger Bands: Near the lower band, suggesting potential volatility.
- Fibonacci Levels: Resistance at $79.21 and $81.52; support at $71.72 and $69.40.
Price Prediction:
Based on the analysis, the stock is expected to trade between $70.00 and $75.00 next week.
Recommendation:
Sell AIN.N at the current price of $72.95, as the technical indicators and recent earnings miss suggest a bearish trend.
AIN Similar Chart Price Prediction
The price of AIN is predicted to go up -3.23%, based on the high correlation periods with XIN. The similarity of these two price pattern on the periods is 96.28%.
AIN
XIN
Down: -3.23%Similarity: 96.28%
AIN Revenue Forecast
AIN EPS Forecast
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AIN Analyst's Forecast
Stephen Tusa
JP Morgan
Hold
2025-01-15
Price Target
$75 → $74
Downside
-7.98%
JPMorgan analyst Stephen Tusa lowered the firm's price target on Albany International to $74 from $75 and keeps a Neutral rating on the shares. The firm updated models in the electrical equipment and multi-industry space ahead of the Q4 reports.
Michael Ciarmoli
Truist Securities
Strong Buy
2025-01-14
Price Target
$85 → $88
Upside
+9.97%
Gautam Khanna
TD Cowen
Strong Buy
2024-10-04
Price Target
$95 → $81
Upside
+4.22%
