Prologis (PLD) Posts Quarterly Earnings Results
Prologis (NYSE:PLD) posted its quarterly earnings results on Tuesday. The company reported $0.43 EPS for the quarter, Stock Ratings Network.com reports. The company had revenue of $434.68 million for the quarter, compared to the consensus estimate of $490.62 million.
Shares of Prologis (NYSE:PLD) opened at 41.39 on Tuesday. Prologis has a one year low of $34.60 and a one year high of $45.52. The stock’s 50-day moving average is $40.71 and its 200-day moving average is $39.13. The company has a market cap of $20.679 billion and a P/E ratio of 64.41.
PLD has been the subject of a number of recent research reports. Analysts at Cowen and Company raised their price target on shares of Prologis from $3.00 to $40.00 in a research note on Thursday, April 17th. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Prologis in a research note on Tuesday, March 25th. They now have a $42.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Prologis from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $40.00.
Prologis, Inc (NYSE:PLD) is a real estate investment trust (REIT) and the general partner of the Prologis, L.
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