Prologis Inc. (PLD) Is A Stock You Should Watch


At the last check on Friday, Prologis Inc.’s (NYSE:PLD) stock was up $1.92, moving up 1.57 percent to $123.90. The average number of shares traded per day over the past five days has been 2,449,311 shares. 1 time new highs have been achieved over the past 5 days, with a $0.84 gain in that time frame. In the last twenty days, the average volume was 2,365,978, while in the previous 50 days, it was 2,881,109.

Since last month, PLD stock rose 1.40%. Shares of the company fell to $119.38 on 04/27/23, the lowest level in the past month. A 52-week high of $138.86 was reached on 02/02/23 after having rallying from a 52-week low of $98.03. Since the beginning of this year, PLD’s stock price has risen by 9.90% or $11.17, and marked a new high 13 times. However, the stock has declined by -10.78% since its 52-week high.

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PLD stock investors should be aware that Prologis Inc. (PLD) stock had its last reported insider trading activity 179 days ago on Nov 28. OCONNOR DAVID P, the Director of the company, purchased of 9,000 shares for $114.13 on Nov 28. It resulted in a $1,027,170 investment by the insider.

Valuation Metrics

Right now, Prologis Inc. (PLD) has a P/E ratio of about 36.84. The stock’s beta is 1.02. Besides these, the trailing price-to-sales (P/S) ratio of 17.13, the price-to-book (PB) ratio of 2.14.

The latest dividend of $0.87 per share was paid out, remained unchanged from last year’s $0.87.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.48, and the total debt-to-equity ratio was 0.48. On the profitability front, the trailing twelve-month gross margin is 74.50% percent. In the year ended March 30, operating margins totaled 37.50%. Based on annual data, PLD earned $3.47 billion in gross profit and brought in $5.97 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.80%. Return on equity (ROE) for the past 12 months was 6.10%.

In Prologis Inc.’s quarter-end financial report for March 30, it reported total debt of $25.15 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PLD’s revenue rose 31.07% to $1.75 billion during the quarter, while net income inched up to $1.77 billion. While analysts expected Prologis Inc. to report $0.53 quarterly earnings, the actual figure was $0.5 per share, beating the consensus estimate by -5.70%. During the quarter, the company generated $1.06 billion in EBITDA. The value of shareholders’ equity is $923.47 million.

Technical Picture

This quick technical analysis looks at Prologis Inc.’s (PLD) price momentum. With a historical volatility rate of 24.47%, the RSI 9-day stood at 52.04% on 25 May.

With respect to its five-day moving average, the current Prologis Inc. price is up by +0.68% percent or $0.84. At present, PLD shares trade -1.08% below its 20-day simple moving average and +9.95% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.17% above its SMA50 and -7.82% below its SMA200.

Stochastic coefficient K was 22.60% and Stochastic coefficient D was 22.87%, while ATR was 2.67. Given the Stochastic reading of 40.97% for the 14-day period, the RSI (14) reading has been calculated as 51.31%. As of today, the MACD Oscillator reading stands at -0.34, while the 14-day reading stands at -1.55.

Analyst Ratings

Prologis Inc. (PLD) has been rated Buy by analysts. According to 0 brokerage firms, PLD is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Prologis Inc. stock as buy, with 20 recommending it as overweight.

With a median target price of $142.50, the current consensus forecast for the stock is $128.00 – $193.00. Based on these forecasts, analysts predict Prologis Inc. (PLD) will achieve an average price target of $145.14.


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