Prologis Inc [NYSE: PLD] plunged by -$2.57 during the normal trading session on while it closed the day at $125.44. The company report on January 17, 2024 at 8:00 AM that Prologis Reports Fourth Quarter and Full Year 2023 Results.
Fourth consecutive year of double-digit earnings growth; expects strong 2024.
Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today reported fourth quarter results for 2023.
Prologis Inc stock has also loss -1.12% of its value over the past 7 days. However, PLD stock has inclined by 24.43% in the 3 months of the year. Over the past six months meanwhile, it has lost -1.31% and lost -5.90% year-on date.
The market cap for PLD stock reached $116.98 billion, with 923.14 million shares outstanding and 919.34 million shares in the current float. Compared to the average trading volume of 3.62M shares, PLD reached a trading volume of 3483352 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $143.90 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 1.40. 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.
JP Morgan have made an estimate for Prologis Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 18, 2023.
The Average True Range (ATR) for Prologis Inc is set at 2.89, with the Price to Sales ratio for PLD stock in the period of the last 12 months amounting to 14.58. The Price to Book ratio for the last quarter was 2.22, with the Price to Cash per share for the same quarter was set at 0.57. Price to Free Cash Flow for PLD in the course of the last twelve months was 23.50.
PLD stock trade performance evaluation
Prologis Inc [PLD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.12. With this latest performance, PLD shares dropped by -4.22% in over the last four-week period, additionally sinking by -1.31% over the last 6 months – not to mention a drop of -0.50% 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 43.08, with the RSI for the last a single of trading hit 34.66, and the three-weeks RSI is set at 48.39 for Prologis Inc [PLD]. The present Moving Average for the last 50 days of trading for this stock 123.66, while it was recorded at 127.38 for the last single week of trading, and 120.38 for the last 200 days.
Earnings per share (EPS) analysis for Prologis Inc [PLD] stock
With the latest financial reports released by the company, Prologis Inc posted 0.5/share EPS, while the average EPS was predicted by analysts to be reported at 0.53/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -5.70%. 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%.
Prologis Inc [PLD]: Institutional Ownership
The top three institutional holders of PLD stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in PLD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in PLD stock with ownership which is approximately 5.8325%.
