Set Your Sights On Prologis Inc (NYSE: PLD)’S Upside Potential

Prologis Inc (PLD) concluded trading on Wednesday at a closing price of $113.74, with 5.72 million shares of worth about $650.85 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.42% during that period and on November 06, 2024 the price saw a loss of about -0.60%. Currently the company’s common shares owned by public are about 924.39M shares, out of which, 922.39M shares are available for trading.

Stock saw a price change of -1.84% in past 5 days and over the past one month there was a price change of -4.69%. Year-to-date (YTD), PLD shares are showing a performance of -14.67% which increased to 8.40% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $101.11 but also hit the highest price of $137.52 during that period. The average intraday trading volume for Prologis Inc shares is 3.36 million. The stock is currently trading -3.83% below its 20-day simple moving average (SMA20), while that difference is down -7.63% for SMA50 and it goes to -5.81% lower than SMA200.

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Prologis Inc (NYSE: PLD) currently have 924.39M outstanding shares and institutions hold larger chunk of about 94.56% of that.

The stock has a current market capitalization of $107.98B and its 3Y-monthly beta is at 1.09. PE ratio of stock for trailing 12 months is 35.04, while it has posted earnings per share of $3.25 in the same period. Its PEG reads 5.47 while making debt-to-equity ratio of 0.62. 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 2.33% while standing at 2.16% over the month.

Stock’s fiscal year EPS is expected to drop by -0.66% while it is estimated to decrease by -12.02% in next year. EPS is likely to grow at an annualized rate of 6.40% 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 Goldman on October 21, 2024 offering a Neutral rating for the stock and assigned a target price range of between $142 and $132 to it. Coverage by BofA Securities stated Prologis Inc (PLD) stock as a Neutral in their note to investors on August 12, 2024, suggesting a price target of $128 for the stock. On August 05, 2024, RBC Capital Mkts Downgrade their recommendations, while on April 22, 2024, BMO Capital Markets Downgrade their ratings for the stock with a price target of $112. Stock get an In-line rating from Evercore ISI on March 18, 2024.

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