Alexander & Baldwin Stock Hits New 52-Week High (ALEX)

NEW YORK ( TheStreet) -- Alexander & Baldwin (NYSE: ALEX) hit a new 52-week high Wednesday as it is currently trading at $52.63, above its previous 52-week high of $52.50 with 103,896 shares traded as of 2:10 p.m. ET. Average volume has been 282,100 shares over the past 30 days.

Alexander & Baldwin has a market cap of $2.16 billion and is part of the services sector and transportation industry. Shares are up 26.5% year to date as of the close of trading on Tuesday.

Alexander & Baldwin, Inc., together with its subsidiaries, operates in transportation, real estate, and agribusiness industries in the United States and internationally. The company has a P/E ratio of 39.1, below the average transportation industry P/E ratio of 63.2 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 and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Alexander & Baldwin Ratings Report.

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