Alexander & Baldwin (NYSE:ALEX) Reaches New 52-Week Low – What’s Next?

Shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) hit a new 52-week low during trading on Thursday . The company traded as low as $15.26 and last traded at $15.3070, with a volume of 448807 shares traded. The stock had previously closed at $15.41.

Analysts Set New Price Targets

ALEX has been the subject of several recent research reports. Piper Sandler set a $21.00 price objective on Alexander & Baldwin in a report on Monday, November 3rd. JMP Securities reiterated a “market perform” rating on shares of Alexander & Baldwin in a research report on Tuesday, September 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Alexander & Baldwin in a report on Monday, December 1st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.00.

Alexander & Baldwin Stock Performance

The stock has a fifty day simple moving average of $16.32 and a two-hundred day simple moving average of $17.55. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 1.36 and a beta of 1.00.

Alexander & Baldwin (NYSE:ALEX) last announced its quarterly earnings data on Friday, October 31st. The financial services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.08). Alexander & Baldwin had a return on equity of 7.29% and a net margin of 33.62%.The business had revenue of $50.25 million for the quarter, compared to the consensus estimate of $50.69 million. Analysts expect that Alexander & Baldwin Holdings, Inc. will post 1.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Alexander & Baldwin

Several hedge funds and other institutional investors have recently made changes to their positions in ALEX. CIBC Private Wealth Group LLC bought a new position in Alexander & Baldwin in the 3rd quarter valued at approximately $49,000. CIBC Bancorp USA Inc. bought a new stake in shares of Alexander & Baldwin during the third quarter worth $207,000. Hancock Whitney Corp grew its stake in shares of Alexander & Baldwin by 38.6% during the third quarter. Hancock Whitney Corp now owns 33,369 shares of the financial services provider’s stock worth $607,000 after buying an additional 9,291 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Alexander & Baldwin by 10.6% during the third quarter. CANADA LIFE ASSURANCE Co now owns 180,160 shares of the financial services provider’s stock worth $3,256,000 after buying an additional 17,302 shares in the last quarter. Finally, Caxton Associates LLP lifted its stake in shares of Alexander & Baldwin by 37.4% in the 3rd quarter. Caxton Associates LLP now owns 43,648 shares of the financial services provider’s stock valued at $794,000 after acquiring an additional 11,872 shares during the last quarter. 91.29% of the stock is owned by institutional investors.

Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company’s simplification and monetization effort.