Prologis Inc (NYSE: PLD)’s stock price has gone decline by -0.02 in comparison to its previous close of 114.65, however, the company has experienced a 1.66% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-11-18 that Bill Ackman predicts a significant economic boom driven by improved regulatory efficiency, particularly benefiting the REIT sector and infrastructure development. Realty Income, a top “wide moat” REIT, boasts stable earnings, high occupancy, and a strong balance sheet, trading at a bargain valuation. Prologis, another leading REIT, excels in logistics with a robust balance sheet and growth potential driven by e-commerce and supply chain modernization.
Is It Worth Investing in Prologis Inc (NYSE: PLD) Right Now?
The price-to-earnings ratio for Prologis Inc (NYSE: PLD) is above average at 35.31x. The 36-month beta value for PLD is also noteworthy at 1.09. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 5 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for PLD is 922.16M, and at present, short sellers hold a 1.13% of that float. The average trading volume of PLD on November 19, 2024 was 3.50M shares.
PLD’s Market Performance
PLD stock saw a decrease of 1.66% in the past week, with a monthly decline of -2.67% and a quarterly a decrease of -7.91%. The volatility ratio for the week is 2.29%, and the volatility levels for the last 30 days are 2.13% for Prologis Inc (PLD). The simple moving average for the past 20 days is -0.63% for PLD’s stock, with a -4.62% simple moving average for the past 200 days.
Analysts’ Opinion of PLD
Many brokerage firms have already submitted their reports for PLD stocks, with Goldman repeating the rating for PLD by listing it as a “Neutral.” The predicted price for PLD in the upcoming period, according to Goldman is $132 based on the research report published on October 21, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see PLD reach a price target of $128. The rating they have provided for PLD stocks is “Neutral” according to the report published on August 12th, 2024.
RBC Capital Mkts gave a rating of “Sector Perform” to PLD, setting the target price at $127 in the report published on August 05th of the current year.
PLD Trading at -5.01% 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 -16.65% of loss for the given period.
Volatility was left at 2.13%, however, over the last 30 days, the volatility rate increased by 2.29%, as shares sank -3.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.63% lower at present.
During the last 5 trading sessions, PLD rose by +1.43%, which changed the moving average for the period of 200-days by -9.89% in comparison to the 20-day moving average, which settled at $115.34. In addition, Prologis Inc saw -14.01% 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:
- 0.41 for the present operating margin
- 0.5 for the gross margin
The net margin for Prologis Inc stands at 0.39. The total capital return value is set at 0.04. Equity return is now at value 5.78, with 3.28 for asset returns.
Based on Prologis Inc (PLD), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is 3.86.
Currently, EBITDA for the company is 5.88 billion with net debt to EBITDA at 5.57. When we switch over and look at the enterprise to sales, we see a ratio of 17.43.
Conclusion
In summary, Prologis Inc (PLD) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
