CapitalOne upgraded Prologis (NYSE:PLD) from Underweight to Equal Weight in a report released today.
- Updated: October 17, 2016
CapitalOne has upgraded Prologis (NYSE:PLD) from Underweight to Equal Weight in a report released on Monday October 17, 2016.
Previously on 8/25/2016, BTIG Research reported on Prologis (NYSE:PLD) increased the target price from $0.00 to $60.00. At the time, this indicated a possible upside of 0.13%.
Just yesterday Prologis (NYSE:PLD) traded 1.49% higher at $50.87. Prologis’s 50-day moving average is $52.41 and its 200-day moving average is $49.81. The last closing price is up 3.66% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 351,356 shares of PLD traded hands, down from an average trading volume of 2,575,870
Recent Performance Chart
Prologis has 52 week low of $35.25 and a 52 week high of $54.87 with a PE ratio of 31.52 and has a market capitalization of $0.
In addition to CapitalOne reporting its stock price target, a total of 13 brokers have issued a research note on the company. The average stock price target is $15.46 with 4 brokers rating the stock a strong buy, 10 brokers rating the stock a buy, 6 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Prologis (NYSE:PLD)
Prologis, Inc. is engaged in logistics real estate business, focused on markets across the Americas, Europe and Asia. The Company owns or has investments in, on a basis or through co-investment ventures, properties and development projects in over 20 countries. Its segments include Real Estate Operations and Strategic Capital. It leases distribution facilities to over 5,200 customers across two categories, which include business-to-business and retail/online fulfillment. The Real Estate Operations segment consists of Rental Operations and Capital Deployment. The Strategic Capital segment represents the management of unconsolidated co-investment ventures. For business-to-business enterprises, its buildings serve a range of sectors, including automotive, transportation, pharmaceuticals and general consumer goods. In the area of retail/online fulfillment, its logistics facilities foster the seamless flow of goods around the world.
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