NEW YORK ( TheStreet) -- Shares of Alexander & Baldwin (NYSE: ALEX) were gapping up Friday morning with an open price 12% higher than Thursday's closing price. The stock closed at $38.06 Thursday and opened today's trading at $42.61. The average volume for Alexander & Baldwin has been 184,600 shares per day over the past 30 days. Alexander & Baldwin has a market cap of $1.58 billion and is part of the services sector and transportation industry. Shares are down 4.9% year to date as of the close of trading on Thursday. Alexander & Baldwin, Inc., together with its subsidiaries, operates in transportation, real estate, and agribusiness industries in the United States. The company has a P/E ratio of 26.7, below the average transportation industry P/E ratio of 30.3 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Alexander & Baldwin as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Alexander & Baldwin Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.