What Analysts Think About Prologis Inc (NYSE: PLD)’s Potential Raise

The trading price of Prologis Inc (NYSE:PLD) floating lower at last check on Tuesday, July 16, closing at $121.04, -0.08% lower than its previous close.

The company’s P/E ratio in the trailing 12-month period was 36.65. In examining the 52-week price action we see that the stock hit a 52-week high of $137.52 and a 52-week low of $96.64. Over the past month, the stock has gained 7.71% in value.

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Prologis Inc, whose market valuation is $113.02 billion at the time of this writing. The dividend yield on the company stock is 3.02%, while its Forward Dividend ratio is 3.66. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.59 per share this quarter, however they have predicted annual earnings per share of 2.44 for current year and 3.34 for next year.

Analysts have forecast the company to bring in revenue of 1.87B for the current quarter, with the likely lows of 1.86B and highs of 1.98B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 7.63B.

On the technical side, indicators suggest PLD has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.

A quick review shows that PLD’s price is currently 6.75% off the SMA20 and 9.56% off the SMA50. The RSI metric on the 14-day chart is currently showing 75.69, and weekly volatility stands at 2.11%. When measured over the past 30 days, the indicator reaches 1.94%. Prologis Inc (NYSE:PLD)’s beta value is currently sitting at 1.08, while the Average True Range indicator is currently displaying 2.34.

To see how Prologis Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: PLD stock’s performance was -0.08% at last check in today’s session, and -5.25% in the past year. Prologis Inc has a P/E ratio of 36.65.

An evaluation of the daily trading volume of Prologis Inc (NYSE:PLD) indicates that the 3-month average is 4.25 million.

Currently, records show that 924.39 million of the company’s shares remain outstanding. The insiders hold 1.23% of outstanding shares, whereas institutions hold 94.38%. However, since the stock’s price has seen -9.20% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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