Putting The Spotlight On Prologis Inc (PLD)

Prologis Inc (NYSE:PLD) currently has a daily average trading volume of 3.67M but it saw 4346824 shares traded in last market. With a market cap of 102.70B USD, the company’s current market price of $109.99 came rising about 1.58 while comparing to the previous closing price of $108.28. In past 52 weeks, the stock remained buoying in the range of price level as high as $137.52 and as low as $96.64.

Taking a look at 20-day trading activity of Prologis Inc (PLD) gives us an average price of $105.35, while its current price level is -20.02% below from 52-week high level whereas it is 13.81% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $118.05 while that of 200 days or SMA-200 reads an average of $120.08. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.78% during that period while stretching the period over a month that increases to 2.27%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 49.62 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the BMO Capital Markets which downgraded the stock as “Market Perform” in its note to investors issued on April 22, 2024, recommending a price target of between $145 and $112 for it. Evercore ISI downgraded its recommendation for the stock as a “In-line” from “Outperform” on March 18, 2024 while assigning a price target of $136. JP Morgan issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $123 and $148.

Over the week, PLD’s stock price is moving 3.88% up while it is -4.14% when we observe its performance for the past one month. Year-to-date it is -17.49% down and over the past year, the stock is showing a downside performance of -12.20%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 1.31 beat the consensus estimate of 1 for the same. In next quarter, company is expected to be making quarterly sales of $1.93B as analysts are expecting the sales for current fiscal year at $7.62B and seeing the company making $8.35B in sales next year. Moreover, analysts are in estimates of $1.88B for current-quarter revenue.

Currently, Prologis Inc’s total number of outstanding shares is 924.39M. Company’s return on investment (ROI) stands at 3.81% and return on equity (ROE) at 6.00%. It has a price to earnings ratio (P/E ratio) of 33.31 while having a 35.36 of forward P/E ratio. Stock’s beta reads 1.08. Stock has a price to book (P/B) ratio of 1.96 while price to sale or P/S ratio amounts to 12.51. Its return on asset (ROA) is 3.50% on average.