Americold Realty Trust (NYSE:COLD) PT Raised to $28.00 at Barclays

Americold Realty Trust (NYSE:COLD) had its price objective hoisted by analysts at Barclays from $25.00 to $28.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 6.38% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Wells Fargo & Company raised their target price on Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Wolfe Research upgraded shares of 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. Truist Financial upped their price objective on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Robert W. Baird boosted their target price on Americold Realty Trust from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Scotiabank upped their target price on Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a report on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Americold Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $31.18.

Americold Realty Trust Stock Up 1.1 %

COLD stock traded up $0.29 during trading on Monday, reaching $26.32. 7,673 shares of the stock were exchanged, compared to its average volume of 2,159,232. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. Americold Realty Trust has a twelve month low of $21.87 and a twelve month high of $30.92. The firm’s 50 day moving average is $28.12 and its 200 day moving average is $26.74. The firm has a market cap of $7.48 billion, a P/E ratio of -22.50, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data 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 analyst estimates of $653.74 million. Americold Realty Trust had a negative return on equity of 7.74% and a negative net margin of 10.60%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 EPS. As a group, research analysts forecast that Americold Realty Trust will post 1.39 EPS for the current year.

Institutional Investors Weigh In On Americold Realty Trust

Several institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in shares of Americold Realty Trust by 189.9% in the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock worth $32,000 after purchasing an additional 735 shares in the last quarter. Blue Trust Inc. grew 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 valued at $75,000 after buying an additional 2,891 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Americold Realty Trust during the second quarter valued at about $85,000. Signaturefd LLC lifted its holdings in shares of Americold Realty Trust by 22.7% in the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after buying an additional 740 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of Americold Realty Trust in the second quarter valued at approximately $204,000. 98.14% of the stock is 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.