Americold Realty Trust (NYSE:COLD) Now Covered by Wells Fargo & Company

Analysts at Wells Fargo & Company initiated coverage on shares of Americold Realty Trust (NYSE:COLD) in a report issued on Thursday, MarketBeat.com reports. The brokerage set an “equal weight” rating and a $24.00 price target on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 7.87% from the company’s current price.

Several other research analysts have also recently weighed in on COLD. Royal Bank of Canada reduced their price objective on Americold Realty Trust from $34.00 to $32.00 and set an “outperform” rating for the company in a research report on Wednesday, February 28th. Truist Financial upgraded Americold Realty Trust from a “hold” rating to a “buy” rating and boosted their target price for the company from $31.00 to $35.00 in a research note on Tuesday, January 16th. Raymond James raised shares of Americold Realty Trust from a “market perform” rating to an “outperform” rating and set a $31.00 price target for the company in a research note on Thursday, February 29th. Barclays cut their price objective on shares of Americold Realty Trust from $32.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 27th. Finally, Scotiabank assumed coverage on shares of Americold Realty Trust in a report on Wednesday, March 27th. They set a “sector perform” rating and a $27.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.33.

Americold Realty Trust Price Performance

Shares of NYSE COLD opened at $22.25 on Thursday. The company has a fifty day moving average price of $24.89 and a 200 day moving average price of $27.07. The firm has a market cap of $6.32 billion, a PE ratio of -18.38, a PEG ratio of 1.99 and a beta of 0.52. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.13. Americold Realty Trust has a 1-year low of $22.22 and a 1-year high of $33.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of COLD. VisionPoint Advisory Group LLC boosted its stake in shares of Americold Realty Trust by 74.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 914 shares of the company’s stock worth $28,000 after acquiring an additional 389 shares during the period. Clearstead Advisors LLC acquired a new stake in Americold Realty Trust during the 3rd quarter worth approximately $33,000. GAMMA Investing LLC bought a new stake in Americold Realty Trust in the 4th quarter valued at $50,000. Principal Securities Inc. acquired a new position in Americold Realty Trust in the 4th quarter valued at $80,000. Finally, Signaturefd LLC grew its holdings in Americold Realty Trust by 23.8% in the 3rd quarter. Signaturefd LLC now owns 2,746 shares of the company’s stock valued at $84,000 after buying an additional 528 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

About Americold Realty Trust

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.