Americold Realty Trust (NYSE:COLD) Price Target Lowered to $30.00 at Royal Bank of Canada

Americold Realty Trust (NYSE:COLD - Get Free Report) had its price objective lowered by stock analysts at Royal Bank of Canada from $33.00 to $30.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank of Canada's price objective would indicate a potential upside of 34.20% from the company's current price.

A number of other brokerages have also weighed in on COLD. Barclays upped their price target on shares of Americold Realty Trust from $25.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Monday, October 28th. Evercore ISI boosted their target price on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an "outperform" rating in a report on Wednesday, August 28th. 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 report on Friday, August 16th. Robert W. Baird dropped their target price on shares of Americold Realty Trust from $31.00 to $28.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Finally, Wells Fargo & Company boosted their target price on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 28th. 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.73.

Americold Realty Trust Stock Performance

Americold Realty Trust stock traded down $0.34 during midday trading on Wednesday, reaching $22.36. 2,899,839 shares of the stock traded hands, compared to its average volume of 2,190,721. The firm has a fifty day moving average price of $27.10 and a two-hundred day moving average price of $26.89. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of -22.06, a PEG ratio of 1.78 and a beta of 0.61. Americold Realty Trust has a fifty-two week low of $21.87 and a fifty-two week high of $30.92. The company has a current ratio of 0.15, a quick ratio of 0.16 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.35). The company had revenue of $674.17 million during the quarter, compared to analyst estimates of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The company's revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. On average, equities research analysts forecast that Americold Realty Trust will post 1.39 earnings per share for the current year.

Institutional Trading of Americold Realty Trust

Several large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its stake in Americold Realty Trust by 9.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 28,330 shares of the company's stock valued at $706,000 after purchasing an additional 2,451 shares during the last quarter. Swiss National Bank grew its holdings in Americold Realty Trust by 5.1% during the 1st quarter. Swiss National Bank now owns 559,700 shares of the company's stock worth $13,948,000 after acquiring an additional 27,100 shares during the last quarter. US Bancorp DE grew its holdings in Americold Realty Trust by 5.3% during the 1st quarter. US Bancorp DE now owns 89,198 shares of the company's stock worth $2,223,000 after acquiring an additional 4,516 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Americold Realty Trust by 2.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 268,624 shares of the company's stock worth $6,694,000 after acquiring an additional 5,445 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Americold Realty Trust by 2.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 163,296 shares of the company's stock worth $4,069,000 after acquiring an additional 4,361 shares during the last quarter. 98.14% of the stock is owned by 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.