UBS Group Issues Pessimistic Forecast for Americold Realty Trust (NYSE:COLD) Stock Price

Americold Realty Trust (NYSE:COLD) had its target price dropped by stock analysts at UBS Group from $14.00 to $12.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 5.68% from the stock’s previous close.

Several other research firms also recently weighed in on COLD. Robert W. Baird decreased their price objective on Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating for the company in a report on Wednesday, August 13th. Wall Street Zen lowered Americold Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Zacks Research downgraded Americold Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 9th. Scotiabank cut their target price on Americold Realty Trust from $20.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Friday, September 5th. Finally, Evercore ISI reissued an “in-line” rating and set a $13.00 price target (down from $19.00) on shares of Americold Realty Trust in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Americold Realty Trust presently has a consensus rating of “Hold” and an average price target of $17.15.

Americold Realty Trust Trading Down 3.4%

Americold Realty Trust stock traded down $0.40 during trading hours on Monday, hitting $11.36. The company had a trading volume of 4,404,834 shares, compared to its average volume of 3,796,800. 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 firm has a market cap of $3.23 billion, a P/E ratio of -59.87, a P/E/G ratio of 4.00 and a beta of 0.84. The company has a 50-day moving average price of $13.19 and a two-hundred day moving average price of $15.47. Americold Realty Trust has a 1 year low of $11.27 and a 1 year high of $24.22.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The firm had revenue of $663.67 million during the quarter, compared to the consensus estimate of $659.51 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The company’s revenue 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. On average, sell-side analysts anticipate that Americold Realty Trust will post 1.47 earnings per share for the current year.

Institutional Investors Weigh In On Americold Realty Trust

A number of large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd grew its stake in Americold Realty Trust by 49,833.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock valued at $25,000 after purchasing an additional 1,495 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Americold Realty Trust by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after purchasing an additional 806 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new stake in Americold Realty Trust in the first quarter valued at $36,000. Assetmark Inc. grew its position in Americold Realty Trust by 64.2% during the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company’s stock worth $45,000 after purchasing an additional 826 shares during the period. Finally, LRI Investments LLC raised its stake in shares of Americold Realty Trust by 90.4% during the 3rd quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock valued at $26,000 after buying an additional 1,026 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other 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.