Americold Realty Trust (NYSE:COLD) Price Target Raised to $31.00 at Scotiabank

Americold Realty Trust (NYSE:COLD) had its price target increased by Scotiabank from $30.00 to $31.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 8.09% from the company’s current price.

Several other research analysts have also issued reports on COLD. Barclays reduced their target price on Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. Wells Fargo & Company started coverage on shares of Americold Realty Trust in a report on Thursday, April 25th. They issued an “equal weight” rating and a $24.00 price target on the stock. Robert W. Baird lifted their price objective on shares of Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Truist Financial upped their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. raised shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a report on Wednesday, June 26th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.45.

Americold Realty Trust Trading Down 0.6 %

Shares of NYSE:COLD opened at $28.68 on Monday. The company has a market capitalization of $8.15 billion, a PE ratio of -24.51, a P/E/G ratio of 2.14 and a beta of 0.59. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.15. Americold Realty Trust has a 12-month low of $21.87 and a 12-month high of $33.90. The business’s fifty day simple moving average is $27.54 and its 200-day simple moving average is $25.97.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.54). The company had revenue of $660.96 million during the quarter, compared to analysts’ expectations of $653.74 million. Americold Realty Trust had a negative net margin of 12.17% and a negative return on equity of 8.55%. Americold Realty Trust’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. As a group, equities research analysts predict that Americold Realty Trust will post 1.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of Americold Realty Trust during the 4th quarter valued at approximately $3,169,000. Mutual of America Capital Management LLC grew its position in shares of Americold Realty Trust by 32.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 44,167 shares of the company’s stock valued at $1,337,000 after purchasing an additional 10,831 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Americold Realty Trust by 11.7% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 472,254 shares of the company’s stock valued at $14,295,000 after purchasing an additional 49,386 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Americold Realty Trust by 28.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 190,192 shares of the company’s stock worth $5,757,000 after purchasing an additional 42,200 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Americold Realty Trust by 24.0% during the 4th quarter. Signaturefd LLC now owns 3,405 shares of the company’s stock worth $103,000 after purchasing an additional 659 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

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.