Prologis Inc (PLD) concluded trading on Wednesday at a closing price of $126.05, with 3.96 million shares of worth about $499.16 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.38% during that period and on July 31, 2024 the price saw a loss of about -0.03%. Currently the company’s common shares owned by public are about 924.39M shares, out of which, 922.27M shares are available for trading.
Stock saw a price change of 2.41% in past 5 days and over the past one month there was a price change of 12.59%. Year-to-date (YTD), PLD shares are showing a performance of -5.44% which increased to 1.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $96.64 but also hit the highest price of $137.52 during that period. The average intraday trading volume for Prologis Inc shares is 4.06 million. The stock is currently trading 4.71% above its 20-day simple moving average (SMA20), while that difference is up 10.53% for SMA50 and it goes to 6.17% higher than SMA200.
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Prologis Inc (NYSE: PLD) currently have 924.39M outstanding shares and institutions hold larger chunk of about 95.71% of that.
The stock has a current market capitalization of $116.71B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 42.61, while it has posted earnings per share of $2.96 in the same period. It has a debt-to-equity ratio of 0.57. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PLD, volatility over the week remained 2.68% while standing at 2.45% over the month.
Stock’s fiscal year EPS is expected to drop by -14.98% while it is estimated to increase by 10.01% in next year. EPS is likely to shrink at an annualized rate of -6.05% for next 5-years, compared to annual growth of 2.94% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BMO Capital Markets on April 22, 2024 offering a Market perform rating for the stock and assigned a target price range of between $145 and $112 to it. Coverage by Evercore ISI stated Prologis Inc (PLD) stock as an In-line in their note to investors on March 18, 2024, suggesting a price target of $136 for the stock. On December 18, 2023, JP Morgan Upgrade their recommendations, while on December 05, 2023, Mizuho Downgrade their ratings for the stock with a price target of $125. Stock get an Outperform rating from Exane BNP Paribas on July 20, 2023.
