Alexander & Baldwin - ALEX Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alexander & Baldwin in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" ALEX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALEX, but not buy additional shares or sell existing shares.
View ALEX analyst ratings or view top-rated stocks.

1 Wall Street research analysts have issued 12 month target prices for Alexander & Baldwin's shares. Their ALEX share price forecasts range from $20.00 to $20.00. On average, they anticipate the company's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 4.0% from the stock's current price.
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Alexander & Baldwin's stock was trading at $18.73 at the beginning of 2023. Since then, ALEX shares have increased by 2.7% and is now trading at $19.24.
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Alexander & Baldwin saw a increase in short interest in January. As of January 15th, there was short interest totaling 657,500 shares, an increase of 35.4% from the December 31st total of 485,700 shares. Based on an average daily trading volume, of 228,200 shares, the days-to-cover ratio is presently 2.9 days. Approximately 0.9% of the shares of the stock are sold short.
View Alexander & Baldwin's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our ALEX earnings forecast.

Alexander & Baldwin, Inc. (NYSE:ALEX) announced its earnings results on Thursday, July, 28th. The financial services provider reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.86) by $0.66. Alexander & Baldwin had a net margin of 6.66% and a trailing twelve-month return on equity of 2.52%. During the same period in the previous year, the firm earned $0.25 EPS.

Alexander & Baldwin declared a quarterly dividend on Monday, December 12th. Shareholders of record on Friday, December 23rd will be given a dividend of $0.22 per share on Friday, January 6th. This represents a $0.88 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Thursday, December 22nd.
Read our dividend analysis for ALEX.

Alexander & Baldwin (NYSE:ALEX) pays an annual dividend of $0.88 per share and currently has a dividend yield of 4.57%. ALEX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 244.44%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ALEX will have a dividend payout ratio of 88.89% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ALEX.

Alexander & Baldwin issued an update on its FY 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of $1.07-$1.11 for the period. The company issued revenue guidance of -.

1 employees have rated Alexander & Baldwin Chief Executive Officer Christopher Benjamin on Glassdoor.com. Christopher Benjamin has an approval rating of 100% among the company's employees. This puts Christopher Benjamin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Alexander & Baldwin investors own include Alibaba Group (BABA), B&G Foods (BGS), KeyCorp (KEY), Micron Technology (MU), Broadcom (AVGO), Boeing (BA), Bank of America (BAC), Consolidated Edison (ED), Freeport-McMoRan (FCX) and Matson (MATX).

Alexander & Baldwin trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALEX."

Alexander & Baldwin's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Reinhart Partners Inc. (3.04%), Investment Management of Virginia LLC (0.53%), State of Alaska Department of Revenue (0.12%), Strs Ohio (0.10%), Comerica Bank (0.07%) and Yousif Capital Management LLC (0.06%). Insiders that own company stock include Brett A Brown, Christopher J Benjamin, Nelson N S Chun and Robert S Harrison.
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Shares of ALEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ALEX stock can currently be purchased for approximately $19.24.

Alexander & Baldwin (NYSE:ALEX) has a market capitalization of $1.40 billion and generates $379.30 million in revenue each year. The financial services provider earns $35.40 million in net income (profit) each year or $0.36 on an earnings per share basis.

The company employs 611 workers across the globe.

Alexander & Baldwin's mailing address is 822 BISHOP STREET P.O. BOX 3440, HONOLULU HI, 96801. The official website for the company is www.alexanderbaldwin.com. The financial services provider can be reached via phone at (808) 525-6611, via email at kkan@abhi.com, or via fax at 808-525-6652.