Prologis Rating Increased to Buy at Stifel Nicolaus (PLD)
Prologis (NYSE: PLD) was upgraded by analysts at Stifel Nicolaus to a “buy” rating in a research report issued to clients and investors on Friday, Analyst Ratings Network reports.
A number of other analysts have also recently weighed in on PLD. Analysts at MLV Capital initiated coverage on shares of Prologis in a research note to investors on Tuesday. They set a “hold” rating and a $39.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Prologis from $35.00 to $40.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Prologis in a research note to investors on Thursday, April 4th. They now have a $42.00 price target on the stock.
One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Prologis has a consensus rating of “Hold” and a consensus target price of $39.28.
Prologis (NYSE: PLD) opened at 41.45 on Friday. Prologis has a 1-year low of $30.03 and a 1-year high of $43.21. The stock’s 50-day moving average is currently $39.97. The company’s market cap is $19.183 billion.
Prologis (NYSE: PLD) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.01. The company had revenue of $490.60 million for the quarter, compared to the consensus estimate of $221.07 million. During the same quarter last year, the company posted $0.40 earnings per share. Prologis’s revenue was up 2.4% compared to the same quarter last year. Prologis has set its FY13 guidance at $1.60-1.70 EPS.
Prologis, Inc. (NYSE: PLD), formerly AMB Property Corporation, is a real estate investment trust (REIT) and the general partner of the Prologis, L.
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