Americold Realty Trust (NYSE:COLD) Rating Increased to Neutral at JPMorgan Chase & Co.

Americold Realty Trust (NYSE:COLD) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued on Thursday, MarketBeat.com reports. The brokerage currently has a $16.00 price target on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 11.54% from the stock’s previous close.

A number of other research analysts also recently weighed in on COLD. Evercore reissued an “outperform” rating and set a $19.00 target price on shares of Americold Realty Trust in a research report on Friday, August 7th. Bank of America raised Americold Realty Trust from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $15.00 to $16.00 in a research report on Tuesday, August 18th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $16.00 price target on shares of Americold Realty Trust in a research note on Monday, August 17th. Weiss Ratings cut Americold Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Finally, UBS Group upped their price objective on shares of Americold Realty Trust from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, July 17th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Americold Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $15.90.

Americold Realty Trust Trading Down 1.4%

NYSE COLD opened at $14.34 on Thursday. The business’s fifty day moving average is $14.71 and its 200-day moving average is $13.99. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of -9.02 and a beta of 0.98. Americold Realty Trust has a one year low of $10.10 and a one year high of $16.88.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.35 earnings per share for the quarter. Americold Realty Trust had a negative net margin of 17.44% and a negative return on equity of 16.14%. The company had revenue of $662.89 million during the quarter, compared to analyst estimates of $613.54 million. During the same quarter in the prior year, the business earned $0.36 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Equities research analysts predict that Americold Realty Trust will post 1.22 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE purchased a new position in Americold Realty Trust during the second quarter worth about $48,141,000. Advisors Capital Management LLC bought a new position in Americold Realty Trust during the second quarter valued at approximately $19,858,000. Hsbc Holdings PLC purchased a new stake in shares of Americold Realty Trust in the 2nd quarter valued at $10,605,000. Squarepoint Ops LLC raised its position in Americold Realty Trust by 132.9% in the 2nd quarter. Squarepoint Ops LLC now owns 162,204 shares of the company’s stock worth $2,550,000 after purchasing an additional 92,563 shares during the period. Finally, SummitTX Capital L.P. bought a new stake in Americold Realty Trust in the first quarter worth $1,065,000. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Americold Realty Trust Company Profile

Americold Realty Trust, Inc is a real estate investment trust that owns, operates and develops temperature-controlled warehouses and distribution facilities. The company provides cold storage infrastructure for food producers, retailers, distributors and other customers whose products require refrigerated or frozen environments.

Americold’s services include refrigerated and frozen storage, handling, inventory management, transportation coordination and other supply-chain solutions. Its facilities support the movement of perishable products such as meat, seafood, dairy, fruits and vegetables, prepared foods and other temperature-sensitive goods from producers to retailers and consumers.

The company serves customers through a network of temperature-controlled properties in key food distribution markets across North America, Europe and the Asia-Pacific region.