Shares of AmeriCold Realty Trust (NYSE:COLD) have received a consensus rating of “Buy” from the nine research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $36.75.
A number of brokerages recently issued reports on COLD. Zacks Investment Research cut AmeriCold Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. Robert W. Baird upped their price objective on AmeriCold Realty Trust from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. upped their price objective on AmeriCold Realty Trust from $34.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. TheStreet raised AmeriCold Realty Trust from a “d” rating to a “c” rating in a research note on Friday, August 9th. Finally, Bank of America reaffirmed a “buy” rating and set a $37.00 price objective on shares of AmeriCold Realty Trust in a research note on Thursday, August 15th.
COLD traded up $0.19 on Wednesday, hitting $37.50. 706,398 shares of the company were exchanged, compared to its average volume of 2,080,390. AmeriCold Realty Trust has a twelve month low of $24.27 and a twelve month high of $40.42. The company has a market cap of $7.21 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 4.44 and a beta of 0.58. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $37.69 and a two-hundred day moving average price of $35.27.
AmeriCold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.17). The business had revenue of $466.18 million for the quarter, compared to analyst estimates of $452.64 million. AmeriCold Realty Trust had a return on equity of 2.36% and a net margin of 1.75%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 earnings per share. Equities analysts expect that AmeriCold Realty Trust will post 1.13 EPS for the current year.
Several hedge funds have recently modified their holdings of the company. JS Capital Management LLC raised its stake in shares of AmeriCold Realty Trust by 51.4% during the 3rd quarter. JS Capital Management LLC now owns 560,000 shares of the company’s stock worth $20,759,000 after buying an additional 190,000 shares in the last quarter. Chilton Capital Management LLC grew its holdings in shares of AmeriCold Realty Trust by 1.8% in the 3rd quarter. Chilton Capital Management LLC now owns 357,568 shares of the company’s stock worth $13,255,000 after acquiring an additional 6,413 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of AmeriCold Realty Trust by 155.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 434,709 shares of the company’s stock worth $16,115,000 after acquiring an additional 264,797 shares during the period. California State Teachers Retirement System grew its holdings in shares of AmeriCold Realty Trust by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 308,333 shares of the company’s stock worth $11,430,000 after acquiring an additional 3,674 shares during the period. Finally, Stifel Financial Corp grew its holdings in shares of AmeriCold Realty Trust by 0.6% in the 3rd quarter. Stifel Financial Corp now owns 74,934 shares of the company’s stock worth $2,807,000 after acquiring an additional 418 shares during the period.
About AmeriCold Realty Trust
Americold is the world's largest owner and operator of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 155 temperature-controlled warehouses, with approximately 918.7 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.
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