The price-to-earnings ratio for Prologis Inc (NYSE: PLD) is above average at 33.37x. The 36-month beta value for PLD is also noteworthy at 1.07. 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 922.17M, and at present, short sellers hold a 1.10% of that float. The average trading volume of PLD on June 10, 2024 was 4.03M shares.
PLD) stock’s latest price update
Prologis Inc (NYSE: PLD)’s stock price has plunge by 0.17relation to previous closing price of 110.01. Nevertheless, the company has seen a -0.26% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-06-08 that Prologis trades at a lower dividend yield compared to other REITs, given its history of growth. It has a strong portfolio of warehouses that support the logistics of the e-commerce industry. The future growth of Prologis may be hindered as higher interests rates have slowed acquisitions and inflation threatens consumer spending.
PLD’s Market Performance
PLD’s stock has fallen by -0.26% in the past week, with a monthly rise of 4.08% and a quarterly drop of -18.41%. The volatility ratio for the week is 2.70% while the volatility levels for the last 30 days are 2.18% for Prologis Inc The simple moving average for the last 20 days is 1.61% for PLD stock, with a simple moving average of -7.41% for the last 200 days.
Analysts’ Opinion of PLD
Many brokerage firms have already submitted their reports for PLD stocks, with BMO Capital Markets repeating the rating for PLD by listing it as a “Market Perform.” The predicted price for PLD in the upcoming period, according to BMO Capital Markets is $112 based on the research report published on April 22, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see PLD reach a price target of $136. The rating they have provided for PLD stocks is “In-line” according to the report published on March 18th, 2024.
JP Morgan gave a rating of “Overweight” to PLD, setting the target price at $148 in the report published on December 18th of the previous year.
PLD Trading at -1.11% 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 -19.87% of loss for the given period.
Volatility was left at 2.18%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares surge +1.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.48% lower at present.
During the last 5 trading sessions, PLD fell by -0.26%, which changed the moving average for the period of 200-days by -8.94% in comparison to the 20-day moving average, which settled at $108.56. In addition, Prologis Inc saw -17.33% 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
- 0.59 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 6.00, with 3.50 for asset returns.
Based on Prologis Inc (PLD), the company’s capital structure generated 0.37 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 0.58. The interest coverage ratio of the stock is 4.84.
Currently, EBITDA for the company is 5.59 billion with net debt to EBITDA at 5.01. When we switch over and look at the enterprise to sales, we see a ratio of 15.96.
Conclusion
In summary, Prologis Inc (PLD) has had a bad performance as of late. Analysts have bullish 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.
