Americold Realty Trust (NYSE:COLD) Stock Price Expected to Rise, Scotiabank Analyst Says

Americold Realty Trust (NYSE:COLD) had its price target hoisted by stock analysts at Scotiabank from $27.00 to $28.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price target points to a potential upside of 27.77% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Citigroup decreased their price target on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Truist Financial reduced their target price on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, December 5th. Raymond James dropped their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Royal Bank of Canada dropped their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Finally, Barclays dropped their target price on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Americold Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $29.25.

Americold Realty Trust Trading Down 3.4 %

NYSE COLD traded down $0.77 on Monday, reaching $21.92. The company had a trading volume of 1,280,793 shares, compared to its average volume of 2,254,862. The stock’s 50 day moving average is $21.74 and its 200-day moving average is $24.31. Americold Realty Trust has a 52 week low of $20.41 and a 52 week high of $30.45. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of -64.45, 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 (NYSE:COLD) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.27. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The company had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. Equities analysts predict that Americold Realty Trust will post 1.47 earnings per share for the current year.

Institutional Trading of Americold Realty Trust

A number of large investors have recently modified their holdings of COLD. Cohen & Steers Inc. grew its stake in shares of Americold Realty Trust by 16.3% in the 4th quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company’s stock worth $617,085,000 after purchasing an additional 4,049,374 shares during the last quarter. Norges Bank bought a new position in Americold Realty Trust during the fourth quarter worth about $478,674,000. FMR LLC boosted its position in Americold Realty Trust by 0.9% in the fourth quarter. FMR LLC now owns 13,382,883 shares of the company’s stock valued at $286,394,000 after buying an additional 121,452 shares in the last quarter. Alyeska Investment Group L.P. increased its position in Americold Realty Trust by 115.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company’s stock valued at $136,698,000 after acquiring an additional 3,427,083 shares in the last quarter. Finally, PGGM Investments raised its position in shares of Americold Realty Trust by 13.4% during the fourth quarter. PGGM Investments now owns 5,558,936 shares of the company’s stock worth $118,961,000 after acquiring an additional 655,782 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

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.