Americold Realty Trust, Inc. (NYSE:COLD) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Americold Realty Trust, Inc. (NYSE:COLD) have received a consensus rating of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $30.91.

Several equities analysts recently issued reports on COLD shares. Truist Financial raised their price target on Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 16th. Robert W. Baird raised their price target on Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Evercore ISI raised their price target on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. upgraded Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a report on Wednesday, June 26th. Finally, Wolfe Research upgraded Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a report on Monday, July 1st.

Institutional Investors Weigh In On Americold Realty Trust

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC acquired a new stake in Americold Realty Trust in the 4th quarter valued at approximately $50,000. Principal Securities Inc. acquired a new stake in Americold Realty Trust in the 4th quarter valued at approximately $80,000. Blue Trust Inc. raised its position in Americold Realty Trust by 2,727.4% in the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after buying an additional 2,891 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Americold Realty Trust in the 2nd quarter valued at approximately $85,000. Finally, Signaturefd LLC raised its position in Americold Realty Trust by 24.0% in the 4th quarter. Signaturefd LLC now owns 3,405 shares of the company’s stock valued at $103,000 after buying an additional 659 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

Shares of COLD stock opened at $29.24 on Thursday. The stock’s fifty day moving average is $27.97 and its 200-day moving average is $26.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a market capitalization of $8.31 billion, a PE ratio of -24.99, a PEG ratio of 2.14 and a beta of 0.59. Americold Realty Trust has a 52 week low of $21.87 and a 52 week high of $33.90.

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