Prologis’s Buy Rating Reiterated at SunTrust (PLD)
Prologis (NYSE:PLD)‘s stock had its “buy” rating reissued by investment analysts at SunTrust in a research note issued to investors on Thursday. They currently have a $47.00 price objective on the stock, up from their previous price objective of $46.00. SunTrust’s price target points to a potential upside of 15.34% from the stock’s previous close.
Shares of Prologis (NYSE:PLD) traded down 0.05% during mid-day trading on Thursday, hitting $40.73. The stock had a trading volume of 288,180 shares. Prologis has a 52 week low of $34.81 and a 52 week high of $42.66. The stock’s 50-day moving average is $41.10 and its 200-day moving average is $40.99. The company has a market cap of $20.365 billion and a P/E ratio of 161.07.
Prologis (NYSE:PLD) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The company had revenue of $381.27 million for the quarter, compared to the consensus estimate of $390.31 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts expect that Prologis will post $1.83 EPS for the current fiscal year.
PLD has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Prologis in a research note on Thursday, July 24th. They now have a $43.00 price target on the stock, up previously from $42.00. Separately, analysts at MLV & Co
reiterated a “hold” rating on shares of Prologis in a research note on Wednesday, July 23rd. They now have a $43.00 price target on the stock, down previously from $44.00. Finally, analysts at Stifel Nicolaus upgraded shares of Prologis from a “sell” rating to a “hold” rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. Prologis presently has a consensus rating of “Hold” and a consensus target price of $41.85.
Prologis, Inc (NYSE:PLD) is a real estate investment trust (REIT) and the general partner of the Prologis, L.
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