Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Prologis Inc (NYSE: PLD) closed the day trading at $104.08 up 0.57% from the previous closing price of $103.49. In other words, the price has increased by $0.57 from its previous closing price. On the day, 3.51 million shares were traded. PLD stock price reached its highest trading level at $104.565 during the session, while it also had its lowest trading level at $102.545.
Ratios:
For a better understanding of PLD, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 194.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.76. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.56.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BMO Capital Markets on Apr-23-24, Downgraded its rating to Market Perform and sets its target price to $112 from $145 previously.
On March 18, 2024, Evercore ISI Downgraded its rating to In-line which previously was Outperform but kept the price unchanged to $136.
JP Morgan Upgraded its Neutral to Overweight on December 18, 2023, whereas the target price for the stock was revised from $123 to $148.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 21 ’23 when Connor James B. sold 21,419 shares for $130.40 per share. The transaction valued at 2,793,038 led to the insider holds 0 shares of the business.
Connor James B. sold 103,331 shares of PLD for $13,763,689 on Dec 20 ’23. The Director now owns 21,419 shares after completing the transaction at $133.20 per share. On Aug 01 ’23, another insider, FOTIADES GEORGE L, who serves as the Director of the company, sold 10,711 shares for $123.98 each. As a result, the insider received 1,327,908 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PLD now has a Market Capitalization of 96278994944 and an Enterprise Value of 132383899648. As of this moment, Prologis’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.38, and their Forward P/E ratio for the next fiscal year is 32.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.83 while its Price-to-Book (P/B) ratio in mrq is 1.86. Its current Enterprise Value per Revenue stands at 15.546 whereas that against EBITDA is 22.139.
Stock Price History:
Over the past 52 weeks, PLD has reached a high of $137.52, while it has fallen to a 52-week low of $96.64. The 50-Day Moving Average of the stock is -18.61%, while the 200-Day Moving Average is calculated to be -14.58%.
Shares Statistics:
Over the past 3-months, PLD traded about 3.49M shares per day on average, while over the past 10 days, PLD traded about 5316070 shares per day. A total of 924.39M shares are outstanding, with a floating share count of 921.39M. Insiders hold about 1.31% of the company’s shares, while institutions hold 95.20% stake in the company. Shares short for PLD as of 1711584000 were 10132579 with a Short Ratio of 2.90, compared to 1709164800 on 9129321. Therefore, it implies a Short% of Shares Outstanding of 10132579 and a Short% of Float of 1.43.
Dividends & Splits
PLD’s forward annual dividend rate is 3.57, up from 3.57 a year ago. The stock’s 5-year Average Dividend Yield is 2.35.
Earnings Estimates
Investors are keenly observing as SPDR Gold Trust analysts analyze and rate the current performance of Prologis Inc (PLD) in the stock market.The consensus estimate for the next quarter is $124.14, with high estimates of $273.51 and low estimates of $0.25.
