Americold Realty Trust (NYSE:COLD) Given In-Line Rating at Evercore ISI

Americold Realty Trust (NYSE:COLD)‘s stock had its “in-line” rating restated by equities researchers at Evercore ISI in a report released on Friday, MarketBeat reports. They presently have a $13.00 price objective on the stock, down from their previous price objective of $19.00. Evercore ISI’s price target would indicate a potential upside of 11.35% from the company’s previous close.

COLD has been the subject of several other research reports. Truist Financial decreased their target price on Americold Realty Trust from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. KeyCorp dropped their target price on Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating on the stock in a report on Friday, October 3rd. Robert W. Baird lowered their price objective on shares of Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 13th. Barclays decreased their target price on shares of Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, October 22nd. Finally, Wells Fargo & Company dropped their price target on shares of Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $17.31.

Americold Realty Trust Price Performance

Shares of NYSE COLD traded down $0.19 during trading on Friday, hitting $11.68. The company had a trading volume of 1,916,191 shares, compared to its average volume of 3,768,659. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market cap of $3.33 billion, a P/E ratio of -61.55, a PEG ratio of 4.00 and a beta of 0.84. The business’s 50-day moving average is $13.24 and its 200 day moving average is $15.59. Americold Realty Trust has a 52 week low of $11.49 and a 52 week high of $24.22.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The business had revenue of $663.67 million during the quarter, compared to analyst estimates of $659.51 million. During the same quarter last year, the company posted $0.35 EPS. Americold Realty Trust’s revenue for the quarter was down 1.6% on a year-over-year basis. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. Equities research analysts predict that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Americold Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Entropy Technologies LP acquired a new stake in Americold Realty Trust in the 1st quarter worth $494,000. Vision Capital Corp lifted its stake in shares of Americold Realty Trust by 3.6% in the first quarter. Vision Capital Corp now owns 1,237,320 shares of the company’s stock valued at $26,553,000 after buying an additional 42,600 shares during the period. Charles Schwab Investment Management Inc. grew its position in Americold Realty Trust by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,229,542 shares of the company’s stock worth $90,766,000 after buying an additional 73,856 shares in the last quarter. Earnest Partners LLC grew its position in Americold Realty Trust by 2.8% during the first quarter. Earnest Partners LLC now owns 2,595,058 shares of the company’s stock worth $55,690,000 after buying an additional 71,069 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC increased its stake in Americold Realty Trust by 14.8% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,786,323 shares of the company’s stock valued at $59,794,000 after acquiring an additional 358,694 shares during the period. Institutional investors and hedge funds own 98.14% of the company’s stock.

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.