Trade Report: Today: Prologis Inc. (PLD) Stock Rating Upgrade by Robert W. Baird

Today: Prologis Inc. (PLD) Stock Rating Upgrade by Robert W. Baird

Prologis Inc. (NYSE:PLD) was upgraded by research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued on Monday. The firm currently has a $55.00 target price on the stock. Robert W. Baird’s price target would indicate a potential upside of 10.66% from the stock’s previous close.

Several other equities analysts also recently commented on PLD. Cantor Fitzgerald set a $55.00 target price on Prologis and gave the company a “buy” rating in a research report on Thursday, October 20th. BTIG Research reiterated a “positive” rating and issued a $57.00 price target on shares of Prologis in a research note on Friday, November 11th. Zacks Investment Research upgraded Prologis from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Thursday. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $57.00 price target on shares of Prologis in a research note on Wednesday, November 2nd. Finally, Wells Fargo & Co. reiterated a “neutral” rating on shares of Prologis in a research note on Sunday, September 4th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $51.36.

Shares of Prologis (NYSE:PLD) opened at 49.70 on Monday. The firm has a market capitalization of $26.27 billion, a PE ratio of 29.69 and a beta of 1.15. The company’s 50-day moving average price is $50.18 and its 200-day moving average price is $50.91. Prologis has a 12-month low of $35.25 and a 12-month high of $54.87.

Prologis (NYSE:PLD) last posted its earnings results on Thursday, October 20th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.70 by $0.03. Prologis had a return on equity of 4.86% and a net margin of 34.73%. The company had revenue of $705 million for the quarter, compared to the consensus estimate of $221.07 million. During the same quarter in the prior year, the business earned $0.58 earnings per share. The firm’s revenue for the quarter was up 21.3% on a year-over-year basis. Analysts anticipate that Prologis will post ($0.27) EPS for the current year.

A number of hedge funds have recently modified their holdings of PLD. Evercore Wealth Management LLC increased its stake in shares of Prologis by 7.6% in the second quarter. Evercore Wealth Management LLC now owns 2,065 shares of the company’s stock worth $101,000 after buying an additional 145 shares during the last quarter. Solaris Asset Management LLC acquired a new stake in shares of Prologis during the third quarter worth $131,000. Global X Management Co. LLC increased its stake in shares of Prologis by 63.4% in the second quarter. Global X Management Co. LLC now owns 2,852 shares of the company’s stock worth $140,000 after buying an additional 1,107 shares during the last quarter. Creative Planning increased its stake in shares of Prologis by 12.7% in the second quarter. Creative Planning now owns 2,889 shares of the company’s stock worth $142,000 after buying an additional 325 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Prologis during the second quarter worth $149,000. Hedge funds and other institutional investors own 99.13% of the company’s stock.

Prologis Company Profile

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