Analysts Set Americold Realty Trust, Inc. (NYSE:COLD) PT at $30.55

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have been given a consensus rating of “Moderate Buy” by the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $29.83.

A number of research analysts have commented on the company. Robert W. Baird lowered their price target on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Citigroup lowered their price target on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday. Barclays lowered their price target on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Evercore ISI upped their price target on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Finally, Scotiabank increased their target price on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th.

Insider Buying and Selling

In related news, SVP Robert E. Harris sold 1,836 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $22.64, for a total value of $41,567.04. Following the sale, the senior vice president now owns 1,837 shares in the company, valued at $41,589.68. This represents a 49.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.17% of the stock is currently owned by company insiders.

Institutional Trading of Americold Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in COLD. Assetmark Inc. boosted its stake in Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after purchasing an additional 961 shares during the last quarter. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 735 shares during the last quarter. Loomis Sayles & Co. L P purchased a new stake in Americold Realty Trust during the 3rd quarter valued at $55,000. Blue Trust Inc. boosted its stake in Americold Realty Trust by 2,727.4% during the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after purchasing an additional 2,891 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Americold Realty Trust during the 2nd quarter valued at $85,000. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Trading Up 0.5 %

Shares of COLD stock opened at $23.15 on Friday. The stock has a market capitalization of $6.58 billion, a PE ratio of -22.92, a P/E/G ratio of 1.83 and a beta of 0.59. Americold Realty Trust has a 1-year low of $21.53 and a 1-year high of $30.92. The business has a 50-day moving average of $24.99 and a 200 day moving average of $26.78. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). The business had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS. As a group, sell-side analysts anticipate that Americold Realty Trust will post 1.38 earnings per share for the current year.

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.