Americold Realty Trust (NYSE:COLD) Price Target Raised to $30.00

Americold Realty Trust (NYSE:COLD) had its price target upped by Wells Fargo & Company from $24.00 to $30.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. upgraded Americold Realty Trust from a neutral rating to an overweight rating and set a $30.00 price target for the company in a report on Wednesday, June 26th. Truist Financial boosted their target price on Americold Realty Trust from $31.00 to $33.00 and gave the stock a buy rating in a report on Friday, August 16th. Wolfe Research upgraded Americold Realty Trust from a peer perform rating to an outperform rating and set a $31.00 target price for the company in a report on Monday, July 1st. Barclays reduced their target price on Americold Realty Trust from $26.00 to $25.00 and set an equal weight rating for the company in a report on Wednesday, August 14th. Finally, Scotiabank boosted their target price on Americold Realty Trust from $30.00 to $31.00 and gave the stock a sector outperform rating in a report on Monday, August 19th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Americold Realty Trust presently has a consensus rating of Moderate Buy and an average target price of $30.91.

Americold Realty Trust Trading Up 0.8 %

NYSE:COLD opened at $29.00 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.16 and a quick ratio of 0.16. Americold Realty Trust has a fifty-two week low of $21.87 and a fifty-two week high of $33.90. The stock’s 50-day moving average is $28.11 and its two-hundred day moving average is $26.06. The stock has a market cap of $8.24 billion, a PE ratio of -24.79, a price-to-earnings-growth ratio of 2.14 and a beta of 0.59.

Americold Realty Trust (NYSE:COLD) last released its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share 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 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%. The company’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. As a group, equities research analysts forecast 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 made changes to their positions in the stock. GAMMA Investing LLC bought a new position in Americold Realty Trust during the fourth quarter valued at about $50,000. Principal Securities Inc. acquired a new stake in shares of Americold Realty Trust during the 4th quarter worth approximately $80,000. Blue Trust Inc. increased its position in shares of Americold Realty Trust by 2,727.4% during the second quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after purchasing an additional 2,891 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Americold Realty Trust during the second quarter valued at approximately $85,000. Finally, Signaturefd LLC increased its position in shares of Americold Realty Trust by 22.7% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $102,000 after purchasing an additional 740 shares during the period. 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.