Americold Realty Trust (NYSE:COLD) Price Target Cut to $26.00 by Analysts at Barclays

Americold Realty Trust (NYSE:COLD) had its price objective lowered by stock analysts at Barclays from $28.00 to $26.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 19.16% from the stock’s current price.

COLD has been the subject of several other research reports. Royal Bank of Canada reduced their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Scotiabank increased their target price on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Evercore ISI increased their target price on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Truist Financial increased their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Wells Fargo & Company increased their target price on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.55.

Americold Realty Trust Stock Up 0.4 %

Americold Realty Trust stock opened at $21.82 on Monday. The stock has a market capitalization of $6.20 billion, a PE ratio of -21.60, a price-to-earnings-growth ratio of 1.72 and a beta of 0.61. Americold Realty Trust has a twelve month low of $21.53 and a twelve month high of $30.92. The company has a quick ratio of 0.16, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average of $26.67 and a 200-day moving average of $26.88.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.35). The company had revenue of $674.17 million during the quarter, compared to analyst estimates of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. On average, equities research analysts anticipate that Americold Realty Trust will post 1.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Americold Realty Trust

Several large investors have recently modified their holdings of the stock. Barclays PLC raised its position in shares of Americold Realty Trust by 22.3% in the third quarter. Barclays PLC now owns 98,739 shares of the company’s stock valued at $2,791,000 after purchasing an additional 18,015 shares during the period. MML Investors Services LLC raised its position in shares of Americold Realty Trust by 1.8% in the third quarter. MML Investors Services LLC now owns 48,558 shares of the company’s stock valued at $1,373,000 after purchasing an additional 882 shares during the period. XTX Topco Ltd raised its position in shares of Americold Realty Trust by 269.4% in the third quarter. XTX Topco Ltd now owns 42,449 shares of the company’s stock valued at $1,200,000 after purchasing an additional 30,958 shares during the period. Quadrature Capital Ltd bought a new position in shares of Americold Realty Trust in the third quarter valued at about $644,000. Finally, Point72 DIFC Ltd raised its position in shares of Americold Realty Trust by 405.7% in the third quarter. Point72 DIFC Ltd now owns 7,226 shares of the company’s stock valued at $204,000 after purchasing an additional 5,797 shares during the period. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Company Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.