Prologis Rating Increased to Outperform at Robert W. Baird (PLD)
Prologis (NYSE:PLD) was upgraded by stock analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report issued on Monday, TheFlyOnTheWall.com reports.
Prologis (NYSE:PLD) last announced its earnings results on Wednesday, October 23rd. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.43. The company had revenue of $430.19 million for the quarter, compared to the consensus estimate of $499.46 million. During the same quarter in the previous year, the company posted $0.49 earnings per share.
A number of other firms have also recently commented on PLD. Analysts at Zacks reiterated a “neutral” rating on shares of Prologis in a research note to investors on Tuesday, December 24th. They now have a $39.00 price target on the stock. Analysts at Barclays raised their price target on shares of Prologis from $41.00 to $45.00 in a research note to investors on Tuesday, October 22nd. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $39.25.
Prologis, Inc (NYSE:PLD) is a real estate investment trust (REIT) and the general partner of the Prologis, L.
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