Alexander & Baldwin, Inc. (NYSE:ALEX) Receives $21.67 Consensus Price Target from Analysts

Alexander & Baldwin, Inc. (NYSE:ALEX - Get Free Report) has received a consensus rating of "Moderate Buy" from the four analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $21.67.

ALEX has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Alexander & Baldwin from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. Piper Sandler reiterated an "overweight" rating and issued a $23.00 price target (up previously from $22.00) on shares of Alexander & Baldwin in a research note on Friday, October 25th. Finally, Alliance Global Partners assumed coverage on shares of Alexander & Baldwin in a research note on Thursday, August 8th. They issued a "buy" rating and a $22.00 price objective on the stock.

Alexander & Baldwin Trading Up 0.4 %

Shares of ALEX stock traded up $0.08 during mid-day trading on Friday, hitting $19.41. 193,428 shares of the company's stock were exchanged, compared to its average volume of 319,915. Alexander & Baldwin has a fifty-two week low of $15.53 and a fifty-two week high of $20.30. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47. The stock has a 50-day simple moving average of $19.09 and a two-hundred day simple moving average of $18.25. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 31.10 and a beta of 1.26.

Institutional Trading of Alexander & Baldwin

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in Alexander & Baldwin by 103.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,494 shares of the financial services provider's stock valued at $29,000 after buying an additional 759 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Alexander & Baldwin during the second quarter worth approximately $35,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Alexander & Baldwin by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,818 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 727 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Alexander & Baldwin by 19.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,447 shares of the financial services provider's stock valued at $66,000 after purchasing an additional 572 shares in the last quarter. Finally, KBC Group NV grew its holdings in Alexander & Baldwin by 53.6% during the third quarter. KBC Group NV now owns 3,835 shares of the financial services provider's stock worth $74,000 after acquiring an additional 1,338 shares during the period. 91.29% of the stock is currently owned by institutional investors.

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.