Prologis Inc (NYSE:PLD) saw a downside of -0.72% to close Monday at $113.25 after subtracting -$0.82 on the day. The 5-day average trading volume is 2,977,560 shares of the company’s common stock. It has gained $123.35 in the past week and touched a new high 1 time within the past 5 days. An average of 2,572,860 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,421,558.
PLD’s 1-month performance is -6.97% or -$9.41 on its low of $112.39 reached on 09/25/23. The company’s shares have touched a 52-week low of $98.03 and high of $136.67, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, PLD has achieved 0.46% or $0.52 and has reached a new high 13 times. However, the current price is down -17.14% from the 52-week high price.
Insider Transactions
PLD stock investors last saw insider trading activity on Aug 01.FOTIADES GEORGE L (Director) most recently sold 10,711 shares at $123.98 per share on Aug 01. This transaction cost the insider $1,327,908.
Valuation Metrics
PLD stock has a beta of 1.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 13.68 while the price-to-book (PB) in the most recent quarter is 2.01, with the price to cash flow ratio at 24.85.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.54, while the total debt to equity was 0.54. In terms of profitability, the gross margin trailing 12 months is 46.96%. The firm’s gross profit as reported stood at $3.47 billion against revenue of $5.97 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 49.79% to $1.21 billion, while revenue of $463.17 million was 61.86% off the previous quarter. Analysts expected PLD to announce $1 per share in earnings in its latest quarter, but it posted $1.31, representing a 31.00% surprise. EBITDA for the quarter stood at more than $1.88 billion. Shareholders hold equity totaling $923.86 million.
Let’s look briefly at Prologis Inc (PLD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 21.15% to suggest the stock is trending oversold, with historical volatility in this time period at 29.48%.
The stock’s 5-day moving average is $116.87, reflecting a -7.72% or -$9.48 change from its current price. PLD is currently trading -7.67% above its 20-day SMA, -7.54% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -11.35% and SMA200 by-1.18%.
Stochastic %K and %D was 4.02% and 10.01% and the average true range (ATR) pointed at 2.51. The RSI (14) points at 28.37%, while the 14-day stochastic is at 7.18% with the period’s ATR at 2.47. The stock’s 9-day MACD Oscillator is pointing at -5.58 and -6.55 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Prologis Inc (NYSE: PLD), Exane BNP Paribas upgraded it to an Outperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for PLD stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate PLD as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 20 have offered a “buy” rating.
What is PLD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $128.00 and a high of $162.00, with their median price target at $142.00. Looking at these predictions, the average price target given by analysts is for Prologis Inc (PLD) stock is $142.90.
