JPMorgan Chase & Co. Has Lowered Expectations for Americold Realty Trust (NYSE:COLD) Stock Price

Americold Realty Trust (NYSE:COLD) had its price target dropped by equities research analysts at JPMorgan Chase & Co. from $15.00 to $12.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 11.58% from the company’s previous close.

Several other brokerages have also issued reports on COLD. Robert W. Baird lowered their price target on Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 13th. Evercore ISI restated an “in-line” rating and set a $13.00 price objective (down from $19.00) on shares of Americold Realty Trust in a research report on Friday, November 7th. Zacks Research lowered Americold Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 9th. Wells Fargo & Company reduced their target price on Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 27th. Finally, UBS Group lowered their price target on shares of Americold Realty Trust from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $16.62.

Americold Realty Trust Trading Up 0.3%

Shares of COLD stock opened at $10.76 on Friday. The firm has a market capitalization of $3.06 billion, a P/E ratio of -56.61, a price-to-earnings-growth ratio of 4.00 and a beta of 0.84. Americold Realty Trust has a 1 year low of $10.50 and a 1 year high of $24.22. The firm’s fifty day simple moving average is $12.88 and its 200 day simple moving average is $15.18. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13.

Americold Realty Trust (NYSE:COLD) last issued 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 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 period in the prior year, the firm earned $0.35 EPS. The business’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. As a group, sell-side analysts predict that Americold Realty Trust will post 1.47 EPS for the current year.

Institutional Investors Weigh In On Americold Realty Trust

A number of large investors have recently bought and sold shares of COLD. Caitong International Asset Management Co. Ltd raised its position in Americold Realty Trust by 49,833.3% in 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. increased its stake in shares of Americold Realty Trust by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock valued at $27,000 after buying an additional 806 shares in the last quarter. GKV Capital Management Co. Inc. bought a new position in shares of Americold Realty Trust in the first quarter valued at about $36,000. Assetmark Inc. raised its holdings in shares of Americold Realty Trust by 64.2% in the first quarter. Assetmark Inc. now owns 2,113 shares of the company’s stock valued at $45,000 after buying an additional 826 shares during the last quarter. Finally, LRI Investments LLC lifted its position in Americold Realty Trust by 90.4% during the 3rd quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock worth $26,000 after buying an additional 1,026 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.