Alexander & Baldwin Inc. [ALEX] stock is trading at $19.51, up 6.32%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ALEX shares have gain 9.42% over the last week, with a monthly amount glided 18.53%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Alexander & Baldwin Inc. [NYSE: ALEX] stock has seen the most recent analyst activity on July 26, 2024, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $22 from $17. Previously, Janney started tracking the stock with Buy rating on December 12, 2023, and set its price target to $20. On November 29, 2023, JMP Securities initiated with a Mkt Perform rating. Piper Sandler downgraded its rating to a Neutral but stick to its price target of $20 on November 14, 2022. Piper Sandler upgraded its rating to a Overweight and raised its price target to $22 on July 30, 2021. JMP Securities upgraded its rating to Mkt Outperform for this stock on February 20, 2018. In a note dated August 26, 2016, JMP Securities downgraded an Mkt Perform rating on this stock.
Alexander & Baldwin Inc. [ALEX] stock has fluctuated between $15.53 and $19.99 over the past year. Currently, Wall Street analysts expect the stock to reach $22 within the next 12 months. Alexander & Baldwin Inc. [NYSE: ALEX] shares were valued at $19.51 at the most recent close of the market. An investor can expect a potential return of 12.76% based on the average ALEX price forecast.
Analyzing the ALEX fundamentals
Alexander & Baldwin Inc. [NYSE:ALEX] reported sales of 217.65M for the trailing twelve months, which represents a drop of -3.87%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.44%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.47.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 19.21 points at the first support level, and at 18.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.05, and for the 2nd resistance point, it is at 20.60.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 6.51, the price to book ratio is 1.41 and price to earnings (TTM) ratio is 35.33.
