Prologis Inc (NYSE: PLD) has a price-to-earnings ratio of 39.28x that is above its average ratio. Additionally, the 36-month beta value for PLD is 1.01. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 4 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for PLD is 920.41M and currently, short sellers hold a 1.02% ratio of that float. The average trading volume of PLD on April 08, 2024 was 3.14M shares.
PLD) stock’s latest price update
Prologis Inc (NYSE: PLD) has seen a rise in its stock price by 0.04 in relation to its previous close of 124.69. However, the company has experienced a -4.21% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-07 that March Madness is a difficult tournament to predict, with odds of filling out a perfect bracket being extremely low. An 11-year-old girl from North Carolina has successfully picked the Final Four matchups in ESPN’s Tournament Challenge contest. The article provides a list of my “elite eight” REITs.
PLD’s Market Performance
Prologis Inc (PLD) has experienced a -4.21% fall in stock performance for the past week, with a -6.27% drop in the past month, and a -4.26% drop in the past quarter. The volatility ratio for the week is 2.20%, and the volatility levels for the past 30 days are at 1.88% for PLD. The simple moving average for the last 20 days is -3.62% for PLD stock, with a simple moving average of 2.18% for the last 200 days.
Analysts’ Opinion of PLD
Many brokerage firms have already submitted their reports for PLD stocks, with Evercore ISI repeating the rating for PLD by listing it as a “In-line.” The predicted price for PLD in the upcoming period, according to Evercore ISI is $136 based on the research report published on March 18, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see PLD reach a price target of $148, previously predicting the price at $123. The rating they have provided for PLD stocks is “Overweight” according to the report published on December 18th, 2023.
Mizuho gave a rating of “Neutral” to PLD, setting the target price at $125 in the report published on December 05th of the previous year.
PLD Trading at -4.31% from the 50-Day Moving Average
After a stumble in the market that brought PLD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.29% of loss for the given period.
Volatility was left at 1.88%, however, over the last 30 days, the volatility rate increased by 2.20%, as shares sank -6.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.56% lower at present.
During the last 5 trading sessions, PLD fell by -4.21%, which changed the moving average for the period of 200-days by +3.23% in comparison to the 20-day moving average, which settled at $129.02. In addition, Prologis Inc saw -6.42% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PLD starting from Connor James B., who sale 21,419 shares at the price of $130.40 back on Dec 21 ’23. After this action, Connor James B. now owns 0 shares of Prologis Inc, valued at $2,793,038 using the latest closing price.
Connor James B., the Director of Prologis Inc, sale 103,331 shares at $133.20 during a trade that took place back on Dec 20 ’23, which means that Connor James B. is holding 21,419 shares at $13,763,689 based on the most recent closing price.
Stock Fundamentals for PLD
Current profitability levels for the company are sitting at:
- 0.43 for the present operating margin
- 0.67 for the gross margin
The net margin for Prologis Inc stands at 0.38. The total capital return value is set at 0.04. Equity return is now at value 5.75, with 3.38 for asset returns.
Based on Prologis Inc (PLD), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 0.55. The interest coverage ratio of the stock is 5.13.
Currently, EBITDA for the company is 5.59 billion with net debt to EBITDA at 5.44. When we switch over and look at the enterprise to sales, we see a ratio of 18.28. The receivables turnover for the company is 14.47for trailing twelve months and the total asset turnover is 0.09.
Conclusion
In conclusion, Prologis Inc (PLD) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
