Americold Realty Trust (NYSE:COLD) Price Target Raised to $28.00 at Scotiabank

Americold Realty Trust (NYSE:COLD - Get Free Report) had its target price boosted by research analysts at Scotiabank from $27.00 to $28.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "sector outperform" rating on the stock. Scotiabank's price objective indicates a potential upside of 33.11% from the stock's previous close.

A number of other brokerages also recently commented on COLD. Raymond James decreased their price target on Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating for the company in a research report on Wednesday, December 11th. Royal Bank of Canada lowered their target price on Americold Realty Trust from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 13th. Truist Financial lowered their target price on Americold Realty Trust from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, December 5th. Citigroup lowered their target price on Americold Realty Trust from $30.00 to $25.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 4th. Finally, Barclays lowered their target price on Americold Realty Trust from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $29.25.

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Americold Realty Trust Stock Down 1.2 %

Shares of COLD stock traded down $0.25 during trading hours on Monday, reaching $21.04. The company had a trading volume of 2,121,308 shares, compared to its average volume of 2,085,759. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The company has a market cap of $5.98 billion, a price-to-earnings ratio of -61.87, a price-to-earnings-growth ratio of 1.66 and a beta of 0.57. The business has a fifty day simple moving average of $21.75 and a 200-day simple moving average of $24.18. Americold Realty Trust has a 12 month low of $20.41 and a 12 month high of $30.45.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.27. The company had revenue of $666.44 million during the quarter, compared to the consensus estimate of $684.03 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. On average, research analysts expect that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Institutional Trading of Americold Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cohen & Steers Inc. raised its stake in shares of Americold Realty Trust by 16.3% during the 4th quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company's stock valued at $617,085,000 after purchasing an additional 4,049,374 shares during the period. Norges Bank purchased a new position in Americold Realty Trust during the fourth quarter worth about $478,674,000. FMR LLC grew its position in Americold Realty Trust by 0.9% during the fourth quarter. FMR LLC now owns 13,382,883 shares of the company's stock worth $286,394,000 after buying an additional 121,452 shares in the last quarter. Alyeska Investment Group L.P. grew its position in Americold Realty Trust by 115.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock worth $136,698,000 after buying an additional 3,427,083 shares in the last quarter. Finally, PGGM Investments grew its position in Americold Realty Trust by 13.4% during the fourth quarter. PGGM Investments now owns 5,558,936 shares of the company's stock worth $118,961,000 after buying an additional 655,782 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm's real estate portfolio.