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 decreased by research analysts at Royal Bank of Canada from $33.00 to $30.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 32.45% from the stock’s previous close.

Several other equities analysts also recently commented on the company. Evercore ISI raised their target price on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Scotiabank raised their price target 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. Robert W. Baird dropped their price target 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. Wells Fargo & Company upped 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. Finally, Barclays upped 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. Two 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 an average rating of “Moderate Buy” and an average target price of $30.73.

Americold Realty Trust Stock Performance

NYSE:COLD traded down $0.05 during mid-day trading on Wednesday, hitting $22.65. 45,054 shares of the company’s stock traded hands, compared to its average volume of 2,177,745. The firm has a 50 day moving average of $27.10 and a two-hundred day moving average of $26.89. Americold Realty Trust has a 12 month low of $21.87 and a 12 month high of $30.92. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of -22.46, a price-to-earnings-growth ratio of 1.51 and a beta of 0.61. 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 (NYSE:COLD) last announced its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate 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%. Americold Realty Trust’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 EPS. On average, equities analysts forecast that Americold Realty Trust will post 1.39 earnings per share for the current fiscal year.

Institutional Trading of Americold Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of COLD. PGGM Investments bought a new stake in Americold Realty Trust during the second quarter worth about $114,436,000. Long Pond Capital LP bought a new stake in Americold Realty Trust during the first quarter worth about $106,206,000. Principal Financial Group Inc. raised its holdings in Americold Realty Trust by 30.8% during the second quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock worth $390,783,000 after acquiring an additional 3,602,337 shares in the last quarter. V3 Capital Management L.P. raised its holdings in Americold Realty Trust by 181.5% during the first quarter. V3 Capital Management L.P. now owns 2,605,975 shares of the company’s stock worth $64,941,000 after acquiring an additional 1,680,275 shares in the last quarter. Finally, Deprince Race & Zollo Inc. raised its holdings in Americold Realty Trust by 2,542.7% during the second quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock worth $43,733,000 after acquiring an additional 1,647,522 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Company Profile

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.