Compass Point Believes ALEX Won’t Stop Here

By George MacDonald

Compass Point analyst Wilkes Graham reiterated a Buy rating on Alexander & Baldwin (NYSE: ALEX) today and set a price target of $62. The company’s shares opened today at $42.85, close to its 52-week high of $43.08.

Alexander & Baldwin has an analyst consensus of Strong Buy, with a price target consensus of $56.50.

The company has a one year high of $43.08 and a one year low of $33.89. Currently, Alexander & Baldwin has an average volume of 188.3k.

According to TipRanks.com, Graham is a 5-star analyst with an average return of 13.9% and a 72.2% success rate. Graham covers the Financial sector, focusing on stocks such as Preferred Apartment Communities, Metaldyne Performance Group, and Bluerock Residential Growth.

Alexander & Baldwin Inc is a real estate development company. The Company is engaged inreal estate development, real estate leasing, materials and construction, and agribusiness.