Wells Fargo & Company Lowers Americold Realty Trust (NYSE:COLD) Price Target to $11.00

Americold Realty Trust (NYSE:COLD) had its price target dropped by stock analysts at Wells Fargo & Company from $15.00 to $11.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 3.24% from the stock’s current price.

Several other equities analysts have also issued reports on COLD. Barclays dropped their target price on shares of Americold Realty Trust from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. JPMorgan Chase & Co. cut their target price on Americold Realty Trust from $15.00 to $12.00 and set an “underweight” rating on the stock in a research report on Friday, November 14th. Zacks Research downgraded Americold Realty Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 9th. KeyCorp cut their price target 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. Finally, Royal Bank Of Canada lowered shares of Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $16.31.

Americold Realty Trust Trading Up 1.8%

Shares of NYSE:COLD traded up $0.19 during mid-day trading on Tuesday, reaching $10.66. 698,087 shares of the company’s stock were exchanged, compared to its average volume of 4,008,677. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12. Americold Realty Trust has a twelve month low of $10.10 and a twelve month high of $24.22. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of -56.13, a PEG ratio of 4.00 and a beta of 0.84. The business’s fifty day moving average price is $12.52 and its 200-day moving average price is $14.82.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, November 6th. The company reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 period last year, the company earned $0.35 EPS. Americold Realty Trust’s revenue for the quarter was down 1.6% compared to the same quarter last year. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. On average, research analysts predict that Americold Realty Trust will post 1.47 EPS for the current fiscal year.

Institutional Trading of Americold Realty Trust

Hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its position in shares of Americold Realty Trust by 49,833.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock worth $25,000 after acquiring an additional 1,495 shares in the last quarter. LRI Investments LLC boosted its stake in Americold Realty Trust by 90.4% in the third 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. Geneos Wealth Management Inc. boosted its position in Americold Realty Trust by 100.0% during the 2nd 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 during the period. Avalon Trust Co bought a new stake in shares of Americold Realty Trust in the third quarter worth about $32,000. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of Americold Realty Trust in the 1st quarter worth approximately $36,000. 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.