Robert W. Baird Has Lowered Expectations for Americold Realty Trust (NYSE:COLD) Stock Price

Americold Realty Trust (NYSE:COLD) had its target price dropped by investment analysts at Robert W. Baird from $31.00 to $28.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 23.02% from the company’s previous close.

A number of other brokerages have also issued reports on COLD. 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. Barclays boosted their price target on shares of Americold Realty Trust from $25.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Evercore ISI boosted their price target on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. 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. Finally, Truist Financial boosted their price target on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Americold Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $30.91.

Americold Realty Trust Trading Down 1.8 %

NYSE COLD opened at $22.76 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market cap of $6.47 billion, a PE ratio of -22.53, a P/E/G ratio of 1.67 and a beta of 0.61. Americold Realty Trust has a one year low of $21.87 and a one year high of $30.92. The firm’s fifty day moving average is $27.35 and its two-hundred day moving average is $26.85.

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

Institutional Trading of Americold Realty Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. PGGM Investments purchased a new stake in shares of Americold Realty Trust in the second quarter valued at about $114,436,000. Long Pond Capital LP purchased a new stake in shares of Americold Realty Trust in the first quarter valued at about $106,206,000. Principal Financial Group Inc. lifted its holdings in shares of Americold Realty Trust by 30.8% in the second quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock valued at $390,783,000 after purchasing an additional 3,602,337 shares in the last quarter. V3 Capital Management L.P. lifted its holdings in shares of Americold Realty Trust by 181.5% in the first quarter. V3 Capital Management L.P. now owns 2,605,975 shares of the company’s stock valued at $64,941,000 after purchasing an additional 1,680,275 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of Americold Realty Trust by 2,542.7% in the second quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock valued at $43,733,000 after purchasing an additional 1,647,522 shares in the last quarter. Hedge funds and other 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.