Americold Realty Trust, Inc. (NYSE:COLD) Receives $30.55 Consensus PT from Brokerages

Americold Realty Trust, Inc. (NYSE:COLD) has been given an average rating of “Moderate Buy” by the eleven ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $30.55.

COLD has been the subject of several recent analyst reports. Scotiabank boosted their price target on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Truist Financial boosted their price target on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company boosted their price target on Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Barclays reduced their price objective on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Finally, Evercore ISI upped their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th.

Institutional Trading of Americold Realty Trust

Several hedge funds have recently bought and sold shares of the stock. Capital Insight Partners LLC grew its holdings in Americold Realty Trust by 2.6% during the second quarter. Capital Insight Partners LLC now owns 15,274 shares of the company’s stock valued at $390,000 after purchasing an additional 380 shares during the period. Moors & Cabot Inc. grew its holdings in Americold Realty Trust by 2.3% during the second quarter. Moors & Cabot Inc. now owns 17,340 shares of the company’s stock valued at $443,000 after purchasing an additional 390 shares during the period. Signaturefd LLC grew its holdings in Americold Realty Trust by 17.3% during the third quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock valued at $132,000 after purchasing an additional 689 shares during the period. Handelsbanken Fonder AB grew its holdings in Americold Realty Trust by 1.0% during the third quarter. Handelsbanken Fonder AB now owns 73,900 shares of the company’s stock valued at $2,089,000 after purchasing an additional 700 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Americold Realty Trust by 189.9% during the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after purchasing an additional 735 shares during the period. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Trading Down 1.9 %

Americold Realty Trust stock opened at $23.40 on Friday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The business’s fifty day simple moving average is $25.45 and its two-hundred day simple moving average is $26.87. Americold Realty Trust has a 12 month low of $21.53 and a 12 month high of $30.92. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of -23.17, a price-to-earnings-growth ratio of 1.89 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.35). Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The business had revenue of $674.17 million during the quarter, compared to analysts’ expectations of $663.87 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities analysts predict that Americold Realty Trust will post 1.38 earnings per share for the current fiscal year.

About Americold Realty Trust

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.