ProLogis (PLD) : 5 brokerage houses believe that ProLogis (PLD) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on ProLogis (PLD). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 16 Wall Street Analysts endorse the stock as a Buy with a rating of 2.34.
ProLogis (PLD) : Currently there are 14 street experts covering ProLogis (PLD) stock. The most bullish and bearish price target for the stock is $59 and $48 respectively for the short term. The average price target of all the analysts comes to $53.21. The estimated standard deviation from the target is $3.21.
Company shares have received an average consensus rating of Hold for the current week Also, BTIG Research initiates coverage on ProLogis (NYSE:PLD) The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency announces the price target to $60 per share. The rating by the firm was issued on August 25, 2016.
ProLogis (NYSE:PLD): The stock opened at $53.95 and touched an intraday high of $54.56 on Wednesday. During the day, the stock corrected to an intraday low of $53.77, however, the bulls stepped in and pushed the price higher to close in the green at $54.56 with a gain of 0.79% for the day. The total traded volume for the day was 1,555,653. The stock had closed at $54.13 in the previous trading session.
Prologis, Inc. is engaged in industrial logistics real estate, focused on markets across the Americas, Europe and Asia. The Company leases modern distribution facilities to more than 4,700 customers, including third-party logistics providers, transportation companies, retailers and manufacturers. The Companys business consists of two operating segments: Real Estate Operations and Strategic Capital. The Companys customer base represents a spectrum of international, national, regional and local distribution users. As of December 31, 2014, the Company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 590 million square feet (55 million square meters) in 21 countries.