Barclays Issues Pessimistic Forecast for Americold Realty Trust (NYSE:COLD) Stock Price

Americold Realty Trust (NYSE:COLD) had its target price lowered by equities researchers at Barclays from $28.00 to $26.00 in a research note issued 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 17.38% from the company’s previous close.

Several other analysts also recently weighed in on COLD. Scotiabank boosted their price target on shares of 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. Royal Bank of Canada lowered their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Wells Fargo & Company boosted their price target on shares of 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. Robert W. Baird decreased their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Finally, Truist Financial boosted their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.55.

Americold Realty Trust Trading Up 1.8 %

Shares of COLD stock opened at $22.15 on Monday. Americold Realty Trust has a 12-month low of $21.53 and a 12-month high of $30.92. The firm has a market cap of $6.30 billion, a P/E ratio of -21.93, a PEG ratio of 1.72 and a beta of 0.61. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average of $26.38 and a 200-day moving average of $26.87.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. 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 posted $0.32 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. Sell-side analysts anticipate that Americold Realty Trust will post 1.39 earnings per share for the current year.

Institutional Investors Weigh In On Americold Realty Trust

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Americold Realty Trust by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 39,426,534 shares of the company’s stock worth $982,509,000 after acquiring an additional 1,095,116 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Americold Realty Trust by 30.8% in the 2nd quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock valued at $390,783,000 after acquiring an additional 3,602,337 shares during the last quarter. FMR LLC boosted its holdings in Americold Realty Trust by 40.8% during the third quarter. FMR LLC now owns 13,261,431 shares of the company’s stock worth $374,901,000 after buying an additional 3,844,603 shares in the last quarter. Darlington Partners Capital Management LP boosted its holdings in Americold Realty Trust by 15.1% during the second quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock worth $230,321,000 after buying an additional 1,183,571 shares in the last quarter. Finally, PGGM Investments purchased a new stake in Americold Realty Trust during the second quarter worth $114,436,000. Institutional investors own 98.14% of the company’s stock.

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.