Americold Realty Trust (NYSE:COLD) PT Raised to $28.00

Americold Realty Trust (NYSE:COLD) had its target price boosted by stock analysts at Barclays from $25.00 to $28.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 8.70% from the company’s current price.

A number of other research firms have also weighed in on COLD. Evercore ISI raised their price objective on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Wells Fargo & Company lifted their price target on Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Robert W. Baird boosted their price objective on Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Scotiabank raised their target price on Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Finally, Truist Financial upped their price target on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $31.18.

Americold Realty Trust Price Performance

Shares of NYSE COLD opened at $25.76 on Monday. The firm has a market capitalization of $7.32 billion, a P/E ratio of -22.02, a P/E/G ratio of 1.77 and a beta of 0.60. The firm’s 50-day moving average price is $28.07 and its 200-day moving average price is $26.75. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. Americold Realty Trust has a 1-year low of $21.87 and a 1-year high of $30.92.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.54). The firm had revenue of $660.96 million during the quarter, compared to the consensus estimate of $653.74 million. Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 EPS. Equities research analysts anticipate that Americold Realty Trust will post 1.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of COLD. Capital Insight Partners LLC boosted its holdings in shares of Americold Realty Trust by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 15,274 shares of the company’s stock worth $390,000 after buying an additional 380 shares during the last quarter. Moors & Cabot Inc. raised its position in Americold Realty Trust by 2.3% in the second quarter. Moors & Cabot Inc. now owns 17,340 shares of the company’s stock worth $443,000 after acquiring an additional 390 shares during the period. Signaturefd LLC boosted its stake in Americold Realty Trust by 17.3% in the third quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock valued at $132,000 after acquiring an additional 689 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in Americold Realty Trust by 1.0% in the third quarter. Handelsbanken Fonder AB now owns 73,900 shares of the company’s stock valued at $2,089,000 after acquiring an additional 700 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after acquiring an additional 735 shares during the period. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

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.