Americold Realty Trust (NYSE:COLD) Price Target Lowered to $32.00 at Truist Financial

Americold Realty Trust (NYSE:COLDGet Rating) had its price objective reduced by research analysts at Truist Financial from $34.00 to $32.00 in a note issued to investors on Tuesday, The Fly reports. Truist Financial’s target price would indicate a potential upside of 15.44% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. TheStreet downgraded Americold Realty Trust from a “c-” rating to a “d+” rating in a report on Thursday, March 17th. Royal Bank of Canada lowered their target price on Americold Realty Trust from $36.00 to $34.00 and set an “outperform” rating on the stock in a report on Wednesday, March 2nd. JPMorgan Chase & Co. downgraded Americold Realty Trust from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $35.00 to $30.00 in a research note on Friday, February 25th. Barclays decreased their price objective on Americold Realty Trust from $30.00 to $27.00 and set an “underweight” rating on the stock in a research note on Friday, April 1st. Finally, Zacks Investment Research downgraded Americold Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, May 13th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.73.

NYSE COLD opened at $27.72 on Tuesday. Americold Realty Trust has a 12 month low of $23.96 and a 12 month high of $40.85. The stock has a market cap of $7.46 billion, a P/E ratio of -231.00, a P/E/G ratio of 11.77 and a beta of 0.34. The stock’s fifty day moving average price is $27.11 and its 200-day moving average price is $28.82. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.15.

Americold Realty Trust (NYSE:COLDGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $705.70 million for the quarter, compared to the consensus estimate of $686.89 million. Americold Realty Trust had a negative return on equity of 0.84% and a negative net margin of 1.20%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share. As a group, analysts forecast that Americold Realty Trust will post 0.95 earnings per share for the current fiscal year.

In other news, insider Thomas C. Novosel sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 9th. The stock was sold at an average price of $27.52, for a total value of $247,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Cohen & Steers Inc. grew its holdings in shares of Americold Realty Trust by 13.7% during the first quarter. Cohen & Steers Inc. now owns 40,846,206 shares of the company’s stock worth $1,138,803,000 after purchasing an additional 4,932,945 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Americold Realty Trust by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 37,799,071 shares of the company’s stock valued at $1,053,839,000 after acquiring an additional 365,487 shares during the period. BlackRock Inc. raised its position in shares of Americold Realty Trust by 8.8% during the 4th quarter. BlackRock Inc. now owns 19,323,292 shares of the company’s stock worth $633,611,000 after purchasing an additional 1,566,610 shares during the last quarter. State Street Corp raised its position in shares of Americold Realty Trust by 17.1% during the 1st quarter. State Street Corp now owns 11,546,934 shares of the company’s stock worth $324,412,000 after purchasing an additional 1,685,692 shares during the last quarter. Finally, PGGM Investments raised its position in shares of Americold Realty Trust by 15.6% during the 4th quarter. PGGM Investments now owns 10,264,354 shares of the company’s stock worth $336,568,000 after purchasing an additional 1,383,498 shares during the last quarter.

About Americold Realty Trust (Get Rating)

Americold is the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 185 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

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