Prologis Given “Overweight” Rating at Wells Fargo & Co. (PLD)
Prologis (NYSE:PLD)‘s stock had its “overweight” rating reaffirmed by investment analysts at Wells Fargo & Co. in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
Prologis (NYSE:PLD) traded up 0.88% on Tuesday, hitting $37.73. The stock had a trading volume of 2,850,112 shares. Prologis has a 52 week low of $34.60 and a 52 week high of $45.52. The stock’s 50-day moving average is $37.38 and its 200-day moving average is $38.02. The company has a market cap of $18.817 billion and a P/E ratio of 763.27.
Prologis (NYSE:PLD) last announced its earnings results on Wednesday, October 23rd. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.49 earnings per share. Analysts expect that Prologis will post $1.65 EPS for the current fiscal year.
PLD has been the subject of a number of other recent research reports. Analysts at Robert W. Baird upgraded shares of Prologis from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. Separately, 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. Finally, 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 research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. Prologis has a consensus 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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