ProLogis (PLD) Receives ‘Analyst’ Rating

ProLogis (PLD) : The consensus on ProLogis (PLD) based on 16 analyst recommendation on the company stock is 2.34, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

ProLogis (PLD) : The highest short term price target forecast on ProLogis (PLD) is $59 and the lowest target price is $48. A total of 14 equity analysts are currently covering the company. The average price of all the analysts is $53.71 with a standard deviation of $3.38.


Also, BTIG Research initiates coverage on ProLogis (NYSE:PLD).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, BTIG Research announces the price target of $60 per share. The rating by the firm was issued on August 25, 2016.

ProLogis (NYSE:PLD): After opening at $51.32, the stock dipped to an intraday low of $50.473 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $51.36 and the buying power remained strong till the end. The stock closed at $51.26 for the day, a gain of 0.35% for the day session. The total traded volume was 2,646,482. The stocks close on the previous trading day was $51.5.

Prologis, Inc. is engaged in industrial logistics real estate, focused on markets across the Americas, Europe and Asia. The Company leases modern distribution facilities to more than 4,700 customers, including third-party logistics providers, transportation companies, retailers and manufacturers. The Companys business consists of two operating segments: Real Estate Operations and Strategic Capital. The Companys customer base represents a spectrum of international, national, regional and local distribution users. As of December 31, 2014, the Company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 590 million square feet (55 million square meters) in 21 countries.

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