Prologis Inc (PLD) concluded trading on Wednesday at a closing price of $124.18, with 3.8 million shares of worth about $472.32 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.51% during that period and on October 02, 2024 the price saw a loss of about -0.35%. Currently the company’s common shares owned by public are about 924.39M shares, out of which, 922.13M shares are available for trading.
Stock saw a price change of -0.96% in past 5 days and over the past one month there was a price change of -3.26%. Year-to-date (YTD), PLD shares are showing a performance of -6.84% which increased to 13.41% 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 3.42 million. The stock is currently trading -2.84% below its 20-day simple moving average (SMA20), while that difference is down -1.25% for SMA50 and it goes to 1.44% higher than SMA200.
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Prologis Inc (NYSE: PLD) currently have 924.39M outstanding shares and institutions hold larger chunk of about 94.26% of that.
The stock has a current market capitalization of $114.98B and its 3Y-monthly beta is at 1.08. PE ratio of stock for trailing 12 months is 41.98, 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 1.78% while standing at 1.92% over the month.
Stock’s fiscal year EPS is expected to drop by -11.34% while it is estimated to increase by 3.92% 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 BofA Securities on August 12, 2024 offering a Neutral rating for the stock and assigned a target price of $128 to it. Coverage by RBC Capital Mkts stated Prologis Inc (PLD) stock as a Sector perform in their note to investors on August 05, 2024, suggesting a price target of $127 for the stock. On April 22, 2024, BMO Capital Markets Downgrade their recommendations, while on March 18, 2024, Evercore ISI Downgrade their ratings for the stock with a price target of $136. Stock get an Overweight rating from JP Morgan on December 18, 2023.
