ProLogis (PLD) : 16 analysts are covering ProLogis (PLD) and their average rating on the stock is 2.09, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. ProLogis (PLD) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
ProLogis (PLD) : The highest short term price target forecast on ProLogis (PLD) is $55 and the lowest target price is $43. A total of 15 equity analysts are currently covering the company. The average price of all the analysts is $49.33 with a standard deviation of $3.15.
ProLogis (NYSE:PLD): The stock opened at $49.40 on Wednesday but the bulls could not build on the opening and the stock topped out at $49.62 for the day. The stock traded down to $48.90 during the day, due to lack of any buying support eventually closed down at $49.37 with a loss of -0.34% for the day. The stock had closed at $49.54 on the previous day. The total traded volume was 3,069,622 shares.
Also, UBS downgrades its rating on ProLogis (NYSE:PLD). Analysts at the UBS have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on July 1, 2016. The company shares have rallied 29.65% from its 1 Year high price. On Jun 20, 2016, the shares registered one year high at $49.69 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $48.54 and the 200 Day Moving Average price is recorded at $43.67.
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.