Americold Realty Trust’s (COLD) “In-Line” Rating Reiterated at Evercore ISI

Americold Realty Trust (NYSE:COLD)‘s stock had its “in-line” rating reiterated by stock analysts at Evercore ISI in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. They presently have a $13.00 target price on the stock, down from their prior target price of $19.00. Evercore ISI’s price target points to a potential upside of 11.35% from the company’s current price.

A number of other brokerages have also weighed in on COLD. JPMorgan Chase & Co. reissued an “underweight” rating and set a $15.00 price target (down previously from $17.00) on shares of Americold Realty Trust in a research note on Tuesday, September 23rd. KeyCorp dropped their price target on shares of Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Wells Fargo & Company lowered their price objective on shares of Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 27th. Zacks Research downgraded Americold Realty Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 9th. Finally, Scotiabank cut their price objective on Americold Realty Trust from $20.00 to $16.00 and set a “sector perform” rating on the stock in a report on Friday, September 5th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.31.

Americold Realty Trust Price Performance

Shares of COLD stock traded down $0.19 during trading hours on Friday, hitting $11.68. The company’s stock had a trading volume of 1,916,191 shares, compared to its average volume of 3,768,659. 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 has a twelve month low of $11.49 and a twelve month high of $24.22. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of -61.55, a P/E/G ratio of 4.00 and a beta of 0.84. The business has a fifty day moving average of $13.24 and a 200-day moving average of $15.59.

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, hitting the consensus estimate of $0.35. The company had revenue of $663.67 million during the quarter, compared to the consensus estimate of $659.51 million. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.Americold Realty Trust’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. As a group, equities research analysts anticipate that Americold Realty Trust will post 1.47 EPS for the current year.

Institutional Trading of Americold Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its holdings 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 valued at $25,000 after buying an additional 1,495 shares during the last quarter. LRI Investments LLC increased its holdings in shares of Americold Realty Trust by 90.4% during the third quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock valued at $26,000 after purchasing an additional 1,026 shares during the period. Geneos Wealth Management Inc. raised its stake 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 valued at $27,000 after purchasing an additional 806 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new stake in Americold Realty Trust in the first quarter worth about $36,000. Finally, EverSource Wealth Advisors LLC grew its position in Americold Realty Trust by 252.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock valued at $37,000 after buying an additional 1,593 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

About Americold Realty Trust

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.