Prologis, Inc. (NYSE:PLD) stock went on an upward path that rose over 1.43% on Tuesday, amounting to a one-week price increase of more than 3.81%. Over the last 12 months, PLD stock rose by 28.57%. The one-year PLD stock forecast points to a potential upside of 0.01, with the average price target set at $86.03 per share. The average equity rating for PLD stock is currently 1.90, trading closer to a bullish pattern in the stock market.
The market cap for PLD stock reached $54.46 billion, with 630.00 million shares outstanding and 627.18 million shares in the current float. Compared to the average trading volume of 2.18M shares, PLD reached a trading volume of 2,230,214 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Prologis, Inc. (PLD)?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PLD shares is $85.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PLD stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Evercore ISI have made an estimate for Prologis, Inc. shares, keeping their opinion on the stock as In-line, with their previous recommendation back on May-20-19. While these analysts kept the previous recommendation, Robert W. Baird dropped their target price from $73 to $71. The new note on the price target was released on Mar-01-19, representing the official price target for Prologis, Inc. stock. Previously, the target price had yet another raise from $68 to $72, while Deutsche Bank kept a Buy rating on PLD stock.
The Average True Range (ATR) for Prologis, Inc. is set at 1.53, with the Price to Sales ratio for PLD stock in the period of the last 12 months amounting to 17.84. The Price to Book ratio for the last quarter was 2.45, with the Price to Cash per share for the same quarter was set at 0.64. Price to Free Cash Flow for PLD in the course of the last twelve months was 83.57.
How has PLD stock performed recently?
Prologis, Inc. (PLD) gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.81. With this latest performance, PLD shares gained by 4.92% in over the last four-week period, additionally plugging by 22.73% over the last 6 months – not to mention a rise of 28.57% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PLD stock in for the last two-week period is set at 63.38, with the RSI for the last a single of trading hit 67.54, and the three-weeks RSI is set at 60.96 for Prologis, Inc. (PLD). The present Moving Average for the last 50 days of trading for this stock 82.39, while it was recorded at 84.48 for the last single week of trading, and 74.06 for the last 200 days.
Prologis, Inc. (PLD): Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Prologis, Inc. (PLD) shares currently have an operating margin of +21.59 and a Gross Margin at +39.21. Prologis, Inc.’s Net Margin is presently recorded at +58.81.
Return on Total Capital for PLD is now 1.86, given the latest momentum, and Return on Invested Capital for the company is 5.69. Return on Equity for this stock inclined to 8.70, with Return on Assets sitting at 4.86. When it comes to the capital structure of this company, Prologis, Inc. (PLD) has a Total Debt to Total Equity ratio set at 49.73. Additionally, PLD Total Debt to Total Capital is recorded at 33.22, with Total Debt to Total Assets ending up at 28.87. Long-Term Debt to Equity for the company is recorded at 48.66, with the Long-Term Debt to Total Capital now at 32.40.
Reflecting on the efficiency of the workforce at the company, Prologis, Inc. (PLD) managed to generate an average of $1,020,013 per employee. Receivables Turnover for the company is 11.72 with a Total Asset Turnover recorded at a value of 0.08. Prologis, Inc.’s liquidity data is similarly interesting compelling.
Earnings analysis for Prologis, Inc. (PLD)
With the latest financial reports released by the company, Prologis, Inc. posted 0.6/share EPS, while the average EPS was predicted by analysts to be reported at 0.35/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 71.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PLD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Prologis, Inc. go to -6.05%.
Insider trade positions for Prologis, Inc. (PLD)
There are presently around $53,303 million, or 97.51% of PLD stock, in the hands of institutional investors. The top three institutional holders of PLD stocks are: 180 WEALTH ADVISORS, LLC with ownership of 9,955, which is approximately -2.066% of the company’s market cap and around 0.67% of the total institutional ownership; 1832 ASSET MANAGEMENT L.P., holding 246,000 shares of the stock with an approximate value of $20.96 million in PLD stocks shares; and ACADIAN ASSET MANAGEMENT LLC, currently with $661000 in PLD stock with ownership of nearly 42.275% of the company’s market capitalization.
Positions in Prologis, Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 350 institutional holders increased their position in Prologis, Inc. (NYSE:PLD) by around 39,426,635 shares. Additionally, 312 investors decreased positions by around 21,738,351 shares, while 100 investors held positions by with 564,312,460 shares. The mentioned changes placed institutional holdings at 625,477,446 shares, according to the latest SEC report filing. PLD stock had 67 new institutional investments in for a total of 1,692,320 shares, while 56 institutional investors sold positions of 1,635,856 shares during the same period.