The stock of Prologis Inc. (NYSE:PLD) increased by $1.1 on Tuesday to finish at $125.10, up 0.89 percent. The last five days have seen an average of 2,110,820 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $12.37. The average number of shares traded over the last 20 days was 1,847,045, while the average volume over the last 50 days totaled 2,621,956.
PLD stock appreciated 0.28% since last month. On 08/18/23, the company’s shares reached a one-month low of $118.82. The stock touched a high of $136.67 on 02/02/23, after rallying from a low of $98.03 in 52 weeks. The price of PLD stock has risen by 10.97% or $12.37 this year, reaching a new high 13 times. Still, the stock price is down -8.47% from the 52-week high.
Insider Transactions
PLD stock investors should be aware that Prologis Inc. (PLD) stock had its last reported insider trading activity 29 days ago on Aug 01. On Aug 01, Director FOTIADES GEORGE L sold 10,711 shares at $123.98 each. This transaction resulted in the insider making $1,327,908. On Nov 28, OCONNOR DAVID P added 9,000 shares at a price of US$114.13. After the transaction, the insider now owns 9,000 shares.
Valuation Metrics
Prologis Inc. (PLD) has a trailing price-to-earnings (P/E) ratio of 32.92. Beta for the stock is 0.99. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 14.85, the price-to-book (PB) ratio of 2.20.
Company paid $0.87 per share in dividends, remained unchanged from $0.87 last year. A $0.08 dividend increase was reported on Thursday February 23 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.53, and the total debt to equity ratio is 0.53. As far as profitability goes, gross margin for the trailing twelve months is 75.70% percent. Prologis Inc.’s operating margin stood at 41.70% for the same period. Based on annual data, it had gross profit of $3.47 billion and revenue of $5.97 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PLD’s return on assets (ROA) during the last 12 months has been 4.00%. There was a 2.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.80%.
Earnings Surprise
According to Prologis Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.45 billion, while revenues rose by 48.91% to $1.77 billion. It was predicted that Prologis Inc.’s quarterly earnings would be $1.31, but it ended up being $1, beating the consensus by 31.00%. EBITDA was $1.88 billion for the quarter. At the end of Prologis Inc.’s most recent quarter ended June 29, its total debt was $28.77 billion. Equity owned by shareholders amounts to $923.86 million.
Technical Picture
Here’s a quick look at Prologis Inc.’s (PLD) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 61.54%, suggesting the stock is Neutral, with a 16.95% historical volatility rate.
The stochastic %K and %D were 78.67% and 65.80% respectively, while the average true range (ATR) was 2.46. Based on the 14-day stochastic reading of 96.17%, the RSI (14) reading is 56.54%. On the 9-day MACD Oscillator, the stock is at 1.76, and the 14-day reading is at 1.56.
Analyst Ratings
In its most recent analyst report, Exane BNP Paribas raised its rating on Prologis Inc. (NYSE: PLD) to an Outperform. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Prologis Inc. (PLD) an Buy rating. PLD is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 20 others recommend it as a buy.
What is PLD’s price target for the next 12 months?
The current consensus forecast for the stock is between $128.00 and $193.00, with a median target price of $142.00. In analyzing these forecasts, the average price target given by analysts for Prologis Inc. (PLD) is $145.52.
