Alexander & Baldwin (NYSE:ALEX – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.050-1.120 for the period, compared to the consensus earnings per share estimate of 1.270. The company issued revenue guidance of -.
Alexander & Baldwin Price Performance
NYSE ALEX traded up $0.42 on Friday, hitting $18.74. The stock had a trading volume of 296,310 shares, compared to its average volume of 324,566. 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 0.53. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 30.72 and a beta of 1.26. The firm has a 50-day moving average of $19.14 and a 200-day moving average of $17.84.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on ALEX shares. Alliance Global Partners started coverage on shares of Alexander & Baldwin in a report on Thursday, August 8th. They issued a “buy” rating and a $22.00 price target on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $23.00 target price (up previously from $22.00) on shares of Alexander & Baldwin in a report on Friday. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Alexander & Baldwin presently has an average rating of “Moderate Buy” and a consensus target price of $21.67.
About Alexander & Baldwin
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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