Stocks of Prologis Inc (NYSE:PLD) traded higher last session on Wall Street, down -2.42% to $101.40.
PLD stock price is now -12.12% away from the 50-day moving average and -14.16% away from the 200-day moving average. The market capitalization of the company currently stands at $96.26B.
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With the price target reduced from $130 to $125, Raymond James Downgraded its rating from Strong Buy to Outperform for Prologis Inc (NYSE: PLD). On December 06, 2024, BMO Capital Markets Downgraded its previous ‘Market Perform’ rating to ‘Underperform’ on the stock reducing its target price from $120 to quote $104, while ‘Goldman’ rates the stock as ‘Neutral’
In other news, Ghazal Joseph, Chief Investment Officer sold 5,200 shares of the company’s stock on Aug 23 ’24. The stock was sold for $671,164 at an average price of $129.07. Upon completion of the transaction, the Chief Investment Officer now directly owns 13,187 shares in the company, valued at $1.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 23 ’24, Officer Ghazal Joseph bought 5,200 shares of the business’s stock. A total of $671,164 was incurred on buying the stock at an average price of $129.07. A total of 0.43% of the company’s stock is owned by insiders.
During the past 12 months, Prologis Inc has had a low of $101.11 and a high of $135.76. According to the stock market information, the enterprise value for the company is $130703835136, which is based on a 31.24 price-to-earnings ratio, a 5.12 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for PLD is $115.387 and a two-hundred day moving average price translates $118.1231 for the stock.
The latest earnings results from Prologis Inc (NYSE: PLD) was released for 2024-09-30. The net profit margin was 39.01% and return on equity was 5.78% for PLD. The company reported revenue of $2.04 billion for the quarter, compared to $1.91 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.36 percent.
