Prologis Inc (NYSE: PLD)’s stock price has decreased by -2.70 compared to its previous closing price of 119.00. However, the company has seen a -8.23% decrease in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-12 that Prioritizing dividend compounders over high-yield stocks can yield better results for investors with long time horizons. In today’s market with stretched valuations, being a bargain hunter is difficult.
Is It Worth Investing in Prologis Inc (NYSE: PLD) Right Now?
The price-to-earnings ratio for Prologis Inc (NYSE: PLD) is 36.46x, which is above its average ratio. Moreover, the 36-month beta value for PLD is 1.02. Analysts have varying opinions on the stock, with 8 analysts rating it as a “buy,” 4 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for PLD is 921.39M and currently, short sellers hold a 1.10% of that float. On April 16, 2024, PLD’s average trading volume was 3.25M shares.
PLD’s Market Performance
The stock of Prologis Inc (PLD) has seen a -8.23% decrease in the past week, with a -11.44% drop in the past month, and a -11.98% fall in the past quarter. The volatility ratio for the week is 2.43%, and the volatility levels for the past 30 days are at 1.95% for PLD. The simple moving average for the last 20 days is -8.28% for PLD stock, with a simple moving average of -5.23% 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 -10.86% 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 -15.80% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 2.43%, as shares sank -10.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.23% lower at present.
During the last 5 trading sessions, PLD fell by -8.23%, which changed the moving average for the period of 200-days by -3.99% in comparison to the 20-day moving average, which settled at $125.58. In addition, Prologis Inc saw -13.14% 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 17.25. The receivables turnover for the company is 14.47for trailing twelve months and the total asset turnover is 0.09.
Conclusion
To wrap up, the performance of Prologis Inc (PLD) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
