Analysts Update Their Price Forecasts For Prologis Inc (PLD)

Prologis Inc (PLD) concluded trading on Thursday at a closing price of $111.65, with 2.87 million shares of worth about $320.23 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.65% during that period and on December 12, 2024 the price saw a loss of about -0.28%. Currently the company’s common shares owned by public are about 926.15M shares, out of which, 922.18M shares are available for trading.

Stock saw a price change of -1.88% in past 5 days and over the past one month there was a price change of -0.98%. Year-to-date (YTD), PLD shares are showing a performance of -16.24% which decreased to -8.54% 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 3.74 million. The stock is currently trading -2.76% below its 20-day simple moving average (SMA20), while that difference is down -4.37% for SMA50 and it goes to -6.01% lower than SMA200.

Prologis Inc (NYSE: PLD) currently have 926.15M outstanding shares and institutions hold larger chunk of about 94.92% of that.

The stock has a current market capitalization of $105.99B and its 3Y-monthly beta is at 1.09. PE ratio of stock for trailing 12 months is 34.39, while it has posted earnings per share of $3.25 in the same period. Its PEG reads 5.64 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 2.36% while standing at 1.96% over the month.

Stock’s fiscal year EPS is expected to rise by 0.58% while it is estimated to decrease by -11.55% in next year. EPS is likely to grow at an annualized rate of 6.10% 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 Raymond James on December 11, 2024 offering an Outperform rating for the stock and assigned a target price range of between $130 and $125 to it. Coverage by BMO Capital Markets stated Prologis Inc (PLD) stock as an Underperform in their note to investors on December 06, 2024, suggesting a price target of $104 for the stock. On October 21, 2024, Goldman Downgrade their recommendations, while on August 12, 2024, BofA Securities Downgrade their ratings for the stock with a price target of $128. Stock get a Sector perform rating from RBC Capital Mkts on August 05, 2024.

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