Scotiabank Lowers Americold Realty Trust (NYSE:COLD) Price Target to $27.00

Americold Realty Trust (NYSE:COLD - Get Free Report) had its target price cut by Scotiabank from $31.00 to $27.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a "sector outperform" rating on the stock. Scotiabank's target price indicates a potential upside of 19.21% from the company's current price.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company boosted 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 research report on Wednesday, August 28th. Robert W. Baird cut their price target on Americold Realty Trust from $31.00 to $28.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Royal Bank of Canada decreased their price objective on Americold Realty Trust from $33.00 to $30.00 and set an "outperform" rating for the company in a report on Wednesday, November 13th. Citigroup dropped their target price on Americold Realty Trust from $30.00 to $25.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 4th. Finally, Evercore ISI upped their price target on Americold Realty Trust from $33.00 to $34.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $29.50.

Americold Realty Trust Trading Down 3.2 %

NYSE:COLD traded down $0.76 on Tuesday, reaching $22.65. The company's stock had a trading volume of 2,328,618 shares, compared to its average volume of 2,188,597. Americold Realty Trust has a 1-year low of $21.53 and a 1-year high of $30.92. The business's 50-day moving average price is $24.90 and its two-hundred day moving average price is $26.79. The firm has a market cap of $6.44 billion, a PE ratio of -23.16, a PEG ratio of 1.83 and a beta of 0.59. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.35). The business 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 revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 earnings per share. Equities research analysts anticipate that Americold Realty Trust will post 1.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $22.64, for a total transaction of $41,567.04. Following the completion of the transaction, the senior vice president now directly owns 1,837 shares in the company, valued at approximately $41,589.68. The trade was a 49.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Americold Realty Trust

Hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. increased its stake in shares of Americold Realty Trust by 2,288.1% during the third quarter. Assetmark Inc. now owns 1,003 shares of the company's stock worth $28,000 after purchasing an additional 961 shares during the period. GAMMA Investing LLC increased its position 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 buying an additional 735 shares during the period. Loomis Sayles & Co. L P acquired a new stake in shares of Americold Realty Trust during the third quarter worth $55,000. Blue Trust Inc. lifted its holdings 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 worth $75,000 after buying an additional 2,891 shares in the last quarter. Finally, Signaturefd LLC boosted its position 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 valued at $102,000 after acquiring an additional 740 shares during the period. Institutional investors and hedge funds own 98.14% of the company's stock.

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.