Barclays Cuts Americold Realty Trust (NYSE:COLD) Price Target to $26.00

Americold Realty Trust (NYSE:COLD) had its price target lowered by equities research analysts at Barclays from $28.00 to $26.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 19.16% from the company’s current price.

Other equities analysts have also issued reports about the stock. Evercore ISI boosted their price target on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Scotiabank boosted their price target on shares of Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. Robert W. Baird reduced their price target on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Truist Financial boosted their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Royal Bank of Canada dropped their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Americold Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $30.55.

Americold Realty Trust Price Performance

Shares of Americold Realty Trust stock opened at $21.82 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.16 and a current ratio of 0.15. The firm’s 50-day simple moving average is $26.67 and its 200-day simple moving average is $26.88. Americold Realty Trust has a twelve month low of $21.53 and a twelve month high of $30.92. The firm has a market cap of $6.20 billion, a P/E ratio of -21.60, a price-to-earnings-growth ratio of 1.72 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). The firm had revenue of $674.17 million during the quarter, compared to analyst estimates 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 quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 earnings per share. As a group, research analysts expect that Americold Realty Trust will post 1.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Americold Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC increased its stake in Americold Realty Trust by 22.3% in the third quarter. Barclays PLC now owns 98,739 shares of the company’s stock valued at $2,791,000 after purchasing an additional 18,015 shares in the last quarter. MML Investors Services LLC increased its stake in Americold Realty Trust by 1.8% in the third quarter. MML Investors Services LLC now owns 48,558 shares of the company’s stock valued at $1,373,000 after purchasing an additional 882 shares in the last quarter. XTX Topco Ltd increased its stake in Americold Realty Trust by 269.4% in the third quarter. XTX Topco Ltd now owns 42,449 shares of the company’s stock valued at $1,200,000 after purchasing an additional 30,958 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Americold Realty Trust in the third quarter valued at approximately $644,000. Finally, Point72 DIFC Ltd increased its stake in Americold Realty Trust by 405.7% in the third quarter. Point72 DIFC Ltd now owns 7,226 shares of the company’s stock valued at $204,000 after purchasing an additional 5,797 shares in the last quarter. 98.14% of the stock is owned by institutional investors.

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.