Shares of Alexander & Baldwin, Inc. (NYSE:ALEX – Get Free Report) have received a consensus rating of “Moderate Buy” from the four brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $21.67.
ALEX has been the topic of a number of research reports. StockNews.com raised Alexander & Baldwin from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Piper Sandler reissued an “overweight” rating and set a $23.00 price objective (up from $22.00) on shares of Alexander & Baldwin in a report on Friday, October 25th. Finally, Alliance Global Partners initiated coverage on Alexander & Baldwin in a report on Thursday, August 8th. They set a “buy” rating and a $22.00 price objective for the company.
Get Our Latest Research Report on ALEX
Hedge Funds Weigh In On Alexander & Baldwin
Alexander & Baldwin Trading Up 0.7 %
Shares of ALEX opened at $18.75 on Monday. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 30.23 and a beta of 1.26. Alexander & Baldwin has a 52-week low of $15.53 and a 52-week high of $20.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.53 and a current ratio of 0.35. The business’s fifty day moving average is $19.13 and its 200-day moving average is $17.91.
Alexander & Baldwin Company Profile
Alexander & Baldwin, Inc (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai’i commercial real estate and is the state’s largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai’i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142.0 acres of ground lease assets.
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