Prologis Inc (PLD): A Great Stock For Handling Current Market Conditions?

Currently, there are 924.39M common shares owned by the public and among those 922.13M shares have been available to trade.

The company’s stock has a 5-day price change of 1.72% and -1.48% over the past three months. PLD shares are trading -8.93% year to date (YTD), with the 12-month market performance up to 10.71% higher. It has a 12-month low price of $96.64 and touched a high of $137.52 over the same period. PLD has an average intraday trading volume of 3.45 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.65%, -2.99%, and -0.32% respectively.

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Institutional ownership of Prologis Inc (NYSE: PLD) shares accounts for 95.21% of the company’s 924.39M shares outstanding.

It has a market capitalization of $112.40B and a beta (3y monthly) value of 1.08. The stock’s trailing 12-month PE ratio is 41.03, while the earnings-per-share (ttm) stands at $2.96. The company has a PEG of 7.65 and the debt-to-equity ratio at 0.57. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.57% over the week and 1.74% over the month.

Earnings per share for the fiscal year are expected to decrease by -11.50%, and 3.04% over the next financial year. EPS should grow at an annualized rate of 5.36% over the next five years, compared to 2.94% over the past 5-year period.

Looking at the support for the PLD, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on August 12, 2024, with the firm’s price target at $128. RBC Capital Mkts coverage for the Prologis Inc (PLD) stock in a research note released on August 05, 2024 offered a Sector Perform rating with a price target of $127. BMO Capital Markets was of a view on April 22, 2024 that the stock is Market Perform, while Evercore ISI gave the stock In-line rating on March 18, 2024, issuing a price target of $136. JP Morgan on their part issued Overweight rating on December 18, 2023.

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