Prologis Inc. [PLD] is 15.20% higher this YTD. Is it still time to buy?

Prologis Inc. [NYSE: PLD] traded at a high on 08/20/20, posting a 0.93 gain after which it closed the day’ session at $102.69.

The results of the trading session contributed to over 1792718 shares changing hands. Over the past one week, the price volatility of Prologis Inc. stands at 1.99% while the volatility over the past one month is 2.20%.

The market cap for PLD stock reached $76.10 billion, with 737.99 million shares outstanding and 734.89 million shares in the current float. Compared to the average trading volume of 3.17M shares, PLD reached a trading volume of 1792718 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Prologis Inc. [PLD]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PLD shares is $109.13 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PLD stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for Prologis Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 10, 2019. The new note on the price target was released on November 06, 2019, representing the official price target for Prologis Inc. stock. Previously, the target price had yet another raise to $78, while Evercore ISI analysts kept a In-line rating on PLD stock. On March 01, 2019, analysts decreased their price target for PLD shares from 73 to 71.

The Average True Range (ATR) for Prologis Inc. is set at 2.28, with the Price to Sales ratio for PLD stock in the period of the last 12 months amounting to 18.97. The Price to Book ratio for the last quarter was 2.36, with the Price to Cash per share for the same quarter was set at 0.74. Price to Free Cash Flow for PLD in the course of the last twelve months was 81.97.

How has PLD stock performed recently?

Prologis Inc. [PLD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.05. With this latest performance, PLD shares gained by 4.38% in over the last four-week period, additionally plugging by 3.49% over the last 6 months – not to mention a rise of 23.28% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PLD stock in for the last two-week period is set at 55.07, with the RSI for the last a single of trading hit 50.96, and the three-weeks RSI is set at 55.64 for Prologis Inc. [PLD]. The present Moving Average for the last 50 days of trading for this stock 97.94, while it was recorded at 102.92 for the last single week of trading, and 90.58 for the last 200 days.

Prologis Inc. [PLD]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Prologis Inc. [PLD] shares currently have an operating margin of +22.58 and a Gross Margin at +38.19. Prologis Inc.’s Net Margin is presently recorded at +47.23.

Return on Total Capital for PLD is now 2.00, given the latest momentum, and Return on Invested Capital for the company is 4.66. Return on Equity for this stock inclined to 7.00, with Return on Assets sitting at 4.01. When it comes to the capital structure of this company, Prologis Inc. [PLD] has a Total Debt to Total Equity ratio set at 54.64. Additionally, PLD Total Debt to Total Capital is recorded at 35.33, with Total Debt to Total Assets ending up at 30.92. Long-Term Debt to Equity for the company is recorded at 52.24, with the Long-Term Debt to Total Capital now at 33.68.

Reflecting on the efficiency of the workforce at the company, Prologis Inc. [PLD] managed to generate an average of $918,784 per employee. Receivables Turnover for the company is 13.83 with a Total Asset Turnover recorded at a value of 0.08.

Earnings analysis for Prologis Inc. [PLD]

With the latest financial reports released by the company, Prologis Inc. posted 0.69/share EPS, while the average EPS was predicted by analysts to be reported at 0.48/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 43.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PLD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Prologis Inc. go to -6.05%.

Insider trade positions for Prologis Inc. [PLD]

There are presently around $73,335 million, or 98.80% of PLD stock, in the hands of institutional investors. The top three institutional holders of PLD stocks are: VANGUARD GROUP INC with ownership of 96,300,487, which is approximately -1.947% of the company’s market cap and around 0.52% of the total institutional ownership; BLACKROCK INC., holding 71,814,948 shares of the stock with an approximate value of $7.37 billion in PLD stocks shares; and STATE STREET CORP, currently with $4.78 billion in PLD stock with ownership of nearly -3.045% of the company’s market capitalization.

Positions in Prologis Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 491 institutional holders increased their position in Prologis Inc. [NYSE:PLD] by around 33,944,777 shares. Additionally, 383 investors decreased positions by around 30,762,364 shares, while 107 investors held positions by with 649,434,959 shares. The mentioned changes placed institutional holdings at 714,142,100 shares, according to the latest SEC report filing. PLD stock had 109 new institutional investments in for a total of 6,263,357 shares, while 79 institutional investors sold positions of 4,793,811 shares during the same period.

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