Americold Realty Trust (NYSE:COLD) Price Target Lowered to $30.00 at Royal Bank of Canada

Americold Realty Trust (NYSE:COLD) had its target price reduced by analysts at Royal Bank of Canada from $33.00 to $30.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 38.25% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Evercore ISI lifted their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Robert W. Baird cut their price objective on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Scotiabank lifted their price objective 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. Barclays lifted their price objective on Americold Realty Trust from $25.00 to $28.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company lifted their price objective on Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Americold Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $30.73.

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock traded down $0.03 during midday trading on Wednesday, hitting $21.70. The company had a trading volume of 176,687 shares, compared to its average volume of 2,181,634. The business’s 50 day simple moving average is $26.96 and its two-hundred day simple moving average is $26.85. The company has a current ratio of 0.15, a quick ratio of 0.16 and a debt-to-equity ratio of 0.11. Americold Realty Trust has a 1-year low of $21.53 and a 1-year high of $30.92.

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 analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $663.87 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. On average, equities research analysts anticipate that Americold Realty Trust will post 1.39 earnings per share for the current fiscal year.

Institutional Trading of Americold Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. increased its position in Americold Realty Trust by 2,288.1% in the third quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after purchasing an additional 961 shares during the period. GAMMA Investing LLC increased its position in Americold Realty Trust by 189.9% in the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after purchasing an additional 735 shares during the period. Loomis Sayles & Co. L P acquired a new position in shares of Americold Realty Trust during the 3rd quarter worth about $55,000. Blue Trust Inc. grew its position in shares of Americold Realty Trust by 2,727.4% during the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock worth $75,000 after buying an additional 2,891 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Americold Realty Trust during the 2nd quarter worth about $85,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

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.