Prologis Inc [NYSE: PLD] surged by $0.93 during the normal trading session on while it closed the day at $121.39.
Prologis Inc stock has also gained 1.72% of its value over the past 7 days. However, PLD stock has declined by -1.48% in the 3 months of the year. Over the past six months meanwhile, it has gained 5.80% and lost -8.93% year-on date.
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The market cap for PLD stock reached $112.40 billion, with 924.39 million shares outstanding and 922.13 million shares in the current float. Compared to the average trading volume of 3.45M shares, PLD reached a trading volume of 5383915 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 $135.47 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 1.70. 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.
BofA Securities have made an estimate for Prologis Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 12, 2024. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $124 to $127. The new note on the price target was released on August 05, 2024, representing the official price target for Prologis Inc stock. Previously, the target price had yet another drop from $145 to $112, while BMO Capital Markets kept a Market Perform rating on PLD stock.
The Average True Range (ATR) for Prologis Inc is set at 2.37, with the Price to Sales ratio for PLD stock in the period of the last 12 months amounting to 14.47. The Price to Book ratio for the last quarter was 2.11, with the Price to Cash per share for the same quarter was set at 0.65. Price to Free Cash Flow for PLD in the course of the last twelve months was 25.58.
PLD stock trade performance evaluation
Prologis Inc [PLD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.72. With this latest performance, PLD shares dropped by -6.10% in over the last four-week period, additionally plugging by 5.80% over the last 6 months – not to mention a rise of 10.71% 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 42.72, with the RSI for the last a single of trading hit 43.78, and the three-weeks RSI is set at 44.56 for Prologis Inc [PLD]. The present Moving Average for the last 50 days of trading for this stock 125.13, while it was recorded at 119.84 for the last single week of trading, and 121.78 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 0.8/share EPS, while the average EPS was predicted by analysts to be reported at 0.57/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.23. 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 5.36%.
Prologis Inc [PLD]: Institutional Ownership
There are presently around $95.39%, or 95.66%% of PLD stock, in the hands of institutional investors. The top three institutional holders of PLD stocks are: VANGUARD GROUP INC with ownership of 120.84 million shares, which is approximately 13.0595%. BLACKROCK INC., holding 94.54 million shares of the stock with an approximate value of $$10.62 billion in PLD stocks shares; and BLACKROCK INC., currently with $$6.36 billion in PLD stock with ownership which is approximately 6.1217%.
