Last Updated: 19 Sep 2024
Executive Summary
Alico Inc. (ALCO) is a publicly traded agribusiness and land administration company headquartered in Fort Myers, Florida. The company has a market capitalization of $222.15 million and trades on the NASDAQ exchange. Alico's stock is currently trading at $29.53, with a trailing price-to-earnings (P/E) ratio of 8.54 and a forward P/E ratio of 41.49. The company has a dividend yield of 0.0069% and a beta of 0.791.
Company Overview
Alico Inc. is an agribusiness and land administration company that operates in the United States. The company's primary business segments are agriculture, land development, and real estate. Alico's agriculture segment includes the production and sale of citrus fruits, sugarcane, and other crops. The company's land development segment includes the development and sale of residential and commercial properties. The company's real estate segment includes the ownership and management of rental properties.
Fundamental Analysis
Alico Inc.'s financial performance has been mixed in recent quarters. The company's revenue has declined slightly in recent quarters, while its earnings per share (EPS) has increased. The company's profit margin is 0.561%, and its operating margin is -0.494%. Alico's return on assets (ROA) is -0.0667%, and its return on equity (ROE) is 0.097%.
Technical Analysis
Alico Inc.'s stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 55.57, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
Alico Inc.'s stock is expected to continue to trade higher in the short term. The stock's technical indicators are positive, and the company's fundamentals are improving. The stock's target price is $35, which represents a potential upside of 18.5%.
Long Term Outlook
Alico Inc.'s stock is expected to continue to perform well over the long term. The company's agribusiness, land development, and real estate segments are all expected to benefit from the growing population and economy of the United States. The stock's target price is $45, which represents a potential upside of 52.4%.
Analyst Recommendations
Analysts are bullish on Alico Inc.'s stock. The consensus recommendation is a "buy" rating, with a target price of $35.
