Prologis Inc (NYSE: PLD)’s stock price has gone rise by 0.55 in comparison to its previous close of 125.59, however, the company has experienced a -0.28% decrease in its stock price over the last five trading days. prnewswire.com reported 2024-09-30 that SAN FRANCISCO, Sept. 30, 2024 /PRNewswire/ — Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, is marking the 20th anniversary of its U.S. Logistics Fund (USLF), one of its private flagship investment funds, with an assets under management (AUM) of $24 billion.
Is It Worth Investing in Prologis Inc (NYSE: PLD) Right Now?
Prologis Inc (NYSE: PLD) has a price-to-earnings ratio of 42.69x that is above its average ratio. Additionally, the 36-month beta value for PLD is 1.08. 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.”
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The public float for PLD is 922.13M and currently, short sellers hold a 1.59% ratio of that float. The average trading volume of PLD on October 01, 2024 was 3.43M shares.
PLD’s Market Performance
PLD stock saw an increase of -0.28% in the past week, with a monthly gain of 0.76% and a quarterly increase of 12.80%. The volatility ratio for the week is 1.55%, and the volatility levels for the last 30 days are 1.91% for Prologis Inc (PLD). The simple moving average for the past 20 days is -1.40% for PLD’s stock, with a 3.16% simple moving average for the past 200 days.
Analysts’ Opinion of PLD
Many brokerage firms have already submitted their reports for PLD stocks, with BofA Securities repeating the rating for PLD by listing it as a “Neutral.” The predicted price for PLD in the upcoming period, according to BofA Securities is $128 based on the research report published on August 12, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see PLD reach a price target of $127, previously predicting the price at $124. The rating they have provided for PLD stocks is “Sector Perform” according to the report published on August 05th, 2024.
BMO Capital Markets gave a rating of “Market Perform” to PLD, setting the target price at $112 in the report published on April 22nd of the current year.
PLD Trading at 0.42% 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 -8.17% of loss for the given period.
Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 1.55%, as shares sank -1.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.04% upper at present.
During the last 5 trading sessions, PLD fell by -0.28%, which changed the moving average for the period of 200-days by +3.45% in comparison to the 20-day moving average, which settled at $127.99. In addition, Prologis Inc saw -5.27% 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 Ghazal Joseph, who sale 5,200 shares at the price of $129.07 back on Aug 23 ’24. After this action, Ghazal Joseph now owns 13,187 shares of Prologis Inc, valued at $671,164 using the latest closing price.
Ghazal Joseph, the Officer of Prologis Inc, proposed sale 5,200 shares at $129.07 during a trade that took place back on Aug 23 ’24, which means that Ghazal Joseph is holding shares at $671,164 based on the most recent closing price.
Stock Fundamentals for PLD
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.49 for the gross margin
The net margin for Prologis Inc stands at 0.36. The total capital return value is set at 0.03. Equity return is now at value 5.29, with 3.04 for asset returns.
Based on Prologis Inc (PLD), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is 3.64.
Currently, EBITDA for the company is 5.59 billion with net debt to EBITDA at 5.65. When we switch over and look at the enterprise to sales, we see a ratio of 18.9.
Conclusion
In conclusion, Prologis Inc (PLD) has seen mixed 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
