Citigroup Issues Pessimistic Forecast for Americold Realty Trust (NYSE:COLD) Stock Price

Americold Realty Trust (NYSE:COLD) had its price objective dropped by research analysts at Citigroup from $30.00 to $25.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 9.41% from the stock’s previous close.

Several other equities research analysts also recently weighed in on COLD. Scotiabank lifted 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 note on Monday, August 19th. Truist Financial lifted 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. Barclays reduced their price objective on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Wells Fargo & Company lifted their price objective on shares of 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, Robert W. Baird reduced their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.08.

Americold Realty Trust Price Performance

Shares of NYSE COLD opened at $22.85 on Wednesday. Americold Realty Trust has a twelve month low of $21.53 and a twelve month high of $30.92. The firm has a fifty day simple moving average of $25.21 and a 200 day simple moving average of $26.83. The company has a market capitalization of $6.50 billion, a PE ratio of -22.62, a P/E/G ratio of 1.83 and a beta of 0.59. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last posted its quarterly 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). Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The company had revenue of $674.17 million during the quarter, compared to the consensus estimate of $663.87 million. During the same period last year, the firm posted $0.32 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, sell-side analysts forecast that Americold Realty Trust will post 1.38 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COLD. Assetmark Inc. increased its holdings in Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock worth $28,000 after acquiring an additional 961 shares during the period. GAMMA Investing LLC increased its holdings in Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after acquiring an additional 735 shares during the period. Loomis Sayles & Co. L P bought a new stake in Americold Realty Trust during the 3rd quarter worth approximately $55,000. Blue Trust Inc. increased its holdings in Americold Realty Trust by 2,727.4% during the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock worth $75,000 after acquiring an additional 2,891 shares during the period. Finally, Signaturefd LLC increased its holdings in Americold Realty Trust by 22.7% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after acquiring an additional 740 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

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.