Alexander & Baldwin Inc [NYSE: ALEX] plunged by -$0.06 during the normal trading session on while it closed the day at $17.31.
Alexander & Baldwin Inc stock has also loss -2.42% of its value over the past 7 days. However, ALEX stock has declined by -6.33% in the 3 months of the year. Over the past six months meanwhile, it has gained 2.06% and lost -2.42% year-on date.
The market cap for ALEX stock reached $1.26 billion, with 72.63 million shares outstanding and 71.24 million shares in the current float. Compared to the average trading volume of 332.47K shares, ALEX reached a trading volume of 281124 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Alexander & Baldwin Inc [ALEX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALEX shares is $21.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALEX stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Alliance Global Partners have made an estimate for Alexander & Baldwin Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 08, 2024. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $17 to $22. The new note on the price target was released on July 26, 2024, representing the official price target for Alexander & Baldwin Inc stock. Previously, the target price had yet another raise to $20, while Janney analysts kept a Buy rating on ALEX stock.
The Average True Range (ATR) for Alexander & Baldwin Inc is set at 0.33, with the Price to Sales ratio for ALEX stock in the period of the last 12 months amounting to 5.54. The Price to Book ratio for the last quarter was 1.26, with the Price to Cash per share for the same quarter was set at 0.25. Price to Free Cash Flow for ALEX in the course of the last twelve months was 26.54.
ALEX stock trade performance evaluation
Alexander & Baldwin Inc [ALEX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.42. With this latest performance, ALEX shares dropped by -10.96% in over the last four-week period, additionally plugging by 2.06% over the last 6 months – not to mention a drop of -6.33% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ALEX stock in for the last two-week period is set at 29.39, with the RSI for the last a single of trading hit 26.72, and the three-weeks RSI is set at 32.75 for Alexander & Baldwin Inc [ALEX]. The present Moving Average for the last 50 days of trading for this stock 18.81, while it was recorded at 17.48 for the last single week of trading, and 18.00 for the last 200 days.
Earnings per share (EPS) analysis for Alexander & Baldwin Inc [ALEX] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ALEX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Alexander & Baldwin Inc go to 20.00%.
Alexander & Baldwin Inc [ALEX]: Institutional Ownership
There are presently around $88.17%, or 89.39%% of ALEX stock, in the hands of institutional investors. The top three institutional holders of ALEX stocks are: BLACKROCK INC. with ownership of 13.21 million shares, which is approximately 18.2144%. VANGUARD GROUP INC, holding 11.59 million shares of the stock with an approximate value of $$196.6 million in ALEX stocks shares; and VANGUARD GROUP INC, currently with $$69.53 million in ALEX stock with ownership which is approximately 5.6514%.
