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

Americold Realty Trust (NYSE:COLD) had its target price decreased by stock analysts at Citigroup from $25.00 to $23.00 in a report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential upside of 8.05% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Scotiabank lifted their price target on Americold Realty Trust from $27.00 to $28.00 and gave the company a “sector outperform” rating in a report on Monday, March 10th. Raymond James cut their price target on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Finally, Truist Financial dropped their target price on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Americold Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $28.82.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $21.29 on Friday. The business has a 50 day moving average of $21.79 and a two-hundred day moving average of $23.79. The company has a market cap of $6.05 billion, a P/E ratio of -62.60, a PEG ratio of 1.66 and a beta of 0.57. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust has a 52 week low of $20.41 and a 52 week high of $30.45.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.27. The company had revenue of $666.44 million for the quarter, compared to analysts’ expectations of $684.03 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. As a group, analysts anticipate that Americold Realty Trust will post 1.47 EPS for the current year.

Institutional Investors Weigh In On Americold Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. acquired a new stake in shares of Americold Realty Trust during the 4th quarter valued at $25,000. Venturi Wealth Management LLC lifted its position in shares of Americold Realty Trust by 1,081.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,221 shares of the company’s stock valued at $48,000 after acquiring an additional 2,033 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of Americold Realty Trust during the 3rd quarter valued at $55,000. Vestcor Inc acquired a new stake in shares of Americold Realty Trust during the 4th quarter valued at $86,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Americold Realty Trust during the 4th quarter valued at $86,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

About Americold Realty Trust

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.