Piper Sandler analyst Alexander Goldfarb has recently updated his outlook on Alexander & Baldwin (NYSE: ALEX), maintaining a Neutral rating but lowering the price target from $19 to $17 as of March 14, 2024. This adjustment signifies a more conservative perspective on the stock’s potential performance in the near future.
It is important to remember that analyst ratings are just one factor to consider when evaluating investment opportunities. It is recommended to conduct thorough personal research and analysis before making any investment decisions. This will ensure that you are well-informed and better equipped to make sound choices for your portfolio.
ALEX Stock Price Drops by 3.00% on March 14, 2024: Investors Advised to Monitor for Potential Rebound
On March 14, 2024, ALEX stock experienced a significant drop in its price performance. Throughout the trading day, the price of ALEX shares continued to decrease, ultimately dropping by $0.50, representing a 3.00% decrease from the previous day’s closing price.
Investors should closely monitor ALEX stock in the coming days to see if this downward trend continues or if there are any signs of a potential rebound. It is important to consider the underlying factors driving the stock’s performance, such as company news, market conditions, and industry trends, in order to make informed investment decisions.
As always, it is recommended that investors conduct thorough research and consult with financial advisors before making any investment decisions, especially in light of the recent price movements in ALEX stock.
ALEX Stock Analysis: Revenue Holds Steady, Net Income Soars, EPS Mixed
On March 14, 2024, ALEX stock had mixed performances based on the financial data provided by CNN Money. The company’s total revenue for the past year was $208.90 million, which decreased by 9.37% compared to the previous year. However, the total revenue remained flat since the last quarter at $52.90 million.
In terms of net income, ALEX reported a net income of $29.70 million for the past year, showing an impressive increase of 158.46% since the previous year. Similar to total revenue, the net income held flat since the last quarter at $8.20 million.
Earnings per share (EPS) also showed mixed results for ALEX stock. The EPS for the past year was $0.41, representing an increase of 158.31% compared to the previous year. However, the EPS for the last quarter was -$0.05, indicating a decrease of 124.08% since the previous quarter.
