Evercore Partners Upgrades Alexander & Baldwin to Overweight (ALEX)
Alexander & Baldwin (NASDAQ:ALEX) was upgraded by Evercore Partners from an “equal weight” rating to an “overweight” rating in a research note issued on Wednesday, Analyst Ratings Network.com reports.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer raised their price target on shares of Alexander & Baldwin (NASDAQ:ALEX) from $40.00 to $51.00 in a research note to investors on Thursday, July 18th. They now have an “outperform” rating on the stock. Analysts at JMP Securities raised their price target on shares of Alexander & Baldwin (NASDAQ:ALEX) from $43.00 to $50.00 in a research note to investors on Thursday, July 11th.
Shares of Alexander & Baldwin (NASDAQ:ALEX) opened at 36.51 on Wednesday. Alexander & Baldwin has a one year low of $25.88 and a one year high of $46.23. The stock has a 50-day moving average of $39.89 and a 200-day moving average of $37.32. The company has a market cap of $1.573 billion and a price-to-earnings ratio of 49.40.
Alexander & Baldwin (NASDAQ:ALEX) last announced its earnings results on Thursday, August 8th. The company reported $0.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.07. On average, analysts predict that Alexander & Baldwin will post $0.62 earnings per share for the current fiscal year.
Matson, Inc (NASDAQ:ALEX) is a United States carrier in the Pacific.
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