Americold Realty Trust (NYSE:COLD) Price Target Increased to $28.00 by Analysts at Barclays

Americold Realty Trust (NYSE:COLD - Get Free Report) had its price target lifted by equities research analysts at Barclays from $25.00 to $28.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's target price would indicate a potential upside of 7.20% from the stock's previous close.

A number of other research analysts have also issued reports on COLD. Scotiabank boosted their price target on Americold Realty Trust from $30.00 to $31.00 and gave the stock a "sector outperform" rating in a research report on Monday, August 19th. Wells Fargo & Company lifted their price target on Americold Realty Trust from $24.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 28th. Evercore ISI upped their price objective on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an "outperform" rating in a research note 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 price target for the company in a research report on Monday, July 1st. Finally, Truist Financial increased their target price on Americold Realty Trust from $31.00 to $33.00 and gave the company a "buy" rating in a report on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.18.

Americold Realty Trust Stock Performance

NYSE COLD traded up $0.09 during trading hours on Monday, hitting $26.12. The company had a trading volume of 1,613,040 shares, compared to its average volume of 2,166,950. Americold Realty Trust has a fifty-two week low of $21.87 and a fifty-two week high of $30.92. The firm has a market cap of $7.42 billion, a P/E ratio of -22.32, a price-to-earnings-growth ratio of 1.77 and a beta of 0.60. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $28.12 and a 200-day simple moving average of $26.74.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.54). Americold Realty Trust had a negative net margin of 10.60% and a negative return on equity of 7.74%. The firm had revenue of $660.96 million for the quarter, compared to analyst estimates of $653.74 million. During the same period in the previous year, the firm earned $0.28 earnings per share. The company's revenue for the quarter was up 1.7% on a year-over-year basis. Equities analysts predict that Americold Realty Trust will post 1.39 EPS for the current year.

Institutional Trading of Americold Realty Trust

A number of large investors have recently bought and sold shares of COLD. GAMMA Investing LLC lifted 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 in the last quarter. Blue Trust Inc. grew its holdings in 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. acquired a new stake in Americold Realty Trust in the second quarter worth $85,000. Signaturefd LLC boosted 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 worth $102,000 after purchasing an additional 740 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in Americold Realty Trust during the 2nd quarter worth $204,000. 98.14% of the stock is currently owned by institutional investors.

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.