Prologis Inc [NYSE: PLD] loss -0.91% on the last trading session, reaching $114.74 price per share at the time.
If compared to the average trading volume of 3.27M shares, PLD reached a trading volume of 5569484 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $145.50 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 1.50. 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.
Evercore ISI have made an estimate for Prologis Inc shares, keeping their opinion on the stock as In-line, with their previous recommendation back on March 18, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price from $123 to $148. The new note on the price target was released on December 18, 2023, representing the official price target for Prologis Inc stock. Previously, the target price had yet another drop from $140 to $125, while Mizuho kept a Neutral rating on PLD stock.
The Average True Range (ATR) for Prologis Inc is set at 2.85, with the Price to Sales ratio for PLD stock in the period of the last 12 months amounting to 13.35. The Price to Book ratio for the last quarter was 2.05, 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 22.88.
Trading performance analysis for PLD stock
Prologis Inc [PLD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.12. With this latest performance, PLD shares dropped by -11.07% in over the last four-week period, additionally plugging by 4.64% over the last 6 months – not to mention a drop of -4.19% 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 24.00, with the RSI for the last a single of trading hit 17.91, and the three-weeks RSI is set at 29.22 for Prologis Inc [PLD]. The present Moving Average for the last 50 days of trading for this stock 129.32, while it was recorded at 118.08 for the last single week of trading, and 122.12 for the last 200 days.
Prologis Inc [PLD]: An earnings per share (EPS) analysis
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%.
An analysis of Institutional ownership at Prologis Inc [PLD]
The top three institutional holders of PLD stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in PLD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in PLD stock with ownership which is approximately 5.8386%.
