Stock Worth Watching: Is Alexander & Baldwin Inc a Buy? The Stock Reaches 52-Week High Today

Stock Worth Watching: Is Alexander & Baldwin Inc a Buy? The Stock Reaches 52 Week High Today

The stock of Alexander & Baldwin Inc (NYSE:ALEX) hit a new 52-week high and has $66.91 target or 53.00% above today’s $43.73 share price. The 7 months bullish chart indicates low risk for the $2.15B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $66.91 price target is reached, the company will be worth $1.14 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 26,925 shares traded hands. Alexander & Baldwin Inc (NYSE:ALEX) has risen 13.49% since April 15, 2016 and is uptrending. It has outperformed by 8.87% the S&P500.

Alexander & Baldwin Inc (NYSE:ALEX) Ratings Coverage

Out of 3 analysts covering Alexander & Baldwin (NYSE:ALEX), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. Alexander & Baldwin has been the topic of 3 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The rating was downgraded by JMP Securities to “Market Perform” on Friday, August 26. The stock has “Sell” rating given by Zacks on Wednesday, September 2.

According to Zacks Investment Research, “Alexander & Baldwin, Inc. is a real estate and land company. It is engaged in land stewardship, planning, entitlement, development and management of commercial properties, and real estate development. It develops and sells real property, primarily in Hawaii, and operates a commercial portfolio of retail, office and industrial space. The Company also owns and operates the Hawaiian Commercial & Sugar plantation on Maui and provides renewable energy on the islands of Maui and Kauai. Alexander & Baldwin, Inc. is headquartered in Honolulu, Hawaii.”

Insitutional Activity: The institutional sentiment decreased to 0.99 in 2016 Q2. Its down 0.49, from 1.48 in 2016Q1. The ratio dived, as 12 funds sold all Alexander & Baldwin Inc shares owned while 62 reduced positions. 7 funds bought stakes while 66 increased positions. They now own 37.47 million shares or 0.35% less from 37.60 million shares in 2016Q1.
Ls Investment Ltd Liability Corp accumulated 0.01% or 2,775 shares. Rodgers Brothers has 13,900 shares for 0.21% of their US portfolio. Bokf Na accumulated 0.01% or 6,399 shares. Tower Capital Ltd Limited Liability Company (Trc), a New York-based fund reported 3,428 shares. Next Finance Gru holds 0% or 200 shares in its portfolio. Citigroup accumulated 8,203 shares or 0% of the stock. The California-based Forward Mngmt Ltd Company has invested 0.05% in Alexander & Baldwin Inc (NYSE:ALEX). State Common Retirement Fund, a New York-based fund reported 49,600 shares. Northern owns 732,650 shares or 0.01% of their US portfolio. Retirement Sys Of Alabama holds 0.01% or 59,390 shares in its portfolio. Finemark Bancorporation Tru reported 322 shares or 0% of all its holdings. National Bank Of Hawaii, a Hawaii-based fund reported 187,742 shares. Diversified reported 18,419 shares or 0.08% of all its holdings. Moreover, Pitcairn has 0.04% invested in Alexander & Baldwin Inc (NYSE:ALEX) for 8,071 shares. Deutsche Bancshares Ag, a Germany-based fund reported 28,298 shares.

Insider Transactions: Since May 25, 2016, the stock had 5 insider purchases, and 6 selling transactions for $625,317 net activity. $111,189 worth of Alexander & Baldwin Inc (NYSE:ALEX) was bought by Hulihee David C. Shares for $164,220 were sold by KURIYAMA STANLEY M on Thursday, June 9.

More notable recent Alexander & Baldwin Inc (NYSE:ALEX) news were published by: Prnewswire.com which released: “Alexander & Baldwin Announces Third Quarter 2016 Earnings Release And Webcast” on October 20, 2016, also Prnewswire.com with their article: “Alexander & Baldwin Reports Third Quarter 2016 Results” published on October 27, 2016, Prnewswire.com published: “Alexander & Baldwin Announces Transition Of Hawaiian Commercial & Sugar …” on January 06, 2016. More interesting news about Alexander & Baldwin Inc (NYSE:ALEX) were released by: Prnewswire.com and their article: “Clayton Chun Named Alexander & Baldwin Controller” published on September 01, 2015 as well as Prnewswire.com‘s news article titled: “Chris Benjamin Appointed To Board Of Alexander & Baldwin, Inc.” with publication date: November 02, 2015.

ALEX Company Profile

Alexander & Baldwin, Inc. (A&B), incorporated in 1900, is engaged in real estate development, real estate leasing, materials and construction, and agribusiness. The Firm operates in four divisions: Real Estate Development and Sales, Real Estate Leasing, Materials and Construction, and Agribusiness. The Company’s real estate divisions engage in real estate development and ownership activities, including planning, zoning, financing, constructing, purchasing, managing, leasing, selling, exchanging and investing in real property. Real estate activities are conducted through A&B Properties, Inc. and other subsidiaries of A&B.

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