Americold Realty Trust (NYSE:COLD) Price Target Raised to $30.00 at Wells Fargo & Company

Americold Realty Trust (NYSE:COLD) had its target price increased by Wells Fargo & Company from $24.00 to $30.00 in a report released on Wednesday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. raised shares of Americold Realty Trust from a neutral rating to an overweight rating and set a $30.00 target price on the stock in a report on Wednesday, June 26th. Scotiabank upped their price objective on Americold Realty Trust from $30.00 to $31.00 and gave the stock a sector outperform rating in a research note on Monday, August 19th. Robert W. Baird raised their target price on Americold Realty Trust from $29.00 to $31.00 and gave the company an outperform rating in a research note on Friday, August 9th. Wolfe Research raised shares of Americold Realty Trust from a peer perform rating to an outperform rating and set a $31.00 price target for the company in a report on Monday, July 1st. Finally, Truist Financial increased their price objective 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. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Americold Realty Trust has a consensus rating of Moderate Buy and an average target price of $30.91.

Americold Realty Trust Stock Down 1.0 %

Shares of NYSE:COLD opened at $29.24 on Wednesday. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.15. Americold Realty Trust has a 12-month low of $21.87 and a 12-month high of $33.90. The company has a fifty day simple moving average of $27.97 and a 200 day simple moving average of $26.04. The firm has a market cap of $8.31 billion, a PE ratio of -24.99, a price-to-earnings-growth ratio of 2.14 and a beta of 0.59.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.54). The firm had revenue of $660.96 million for the quarter, compared to the consensus estimate of $653.74 million. Americold Realty Trust had a negative return on equity of 8.55% and a negative net margin of 12.17%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 earnings per share. On average, equities research analysts anticipate that Americold Realty Trust will post 1.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Americold Realty Trust

A number of hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC acquired a new position in shares of Americold Realty Trust in the 4th quarter valued at $50,000. Blue Trust Inc. boosted its holdings in shares of Americold Realty Trust by 2,727.4% in the second quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock worth $75,000 after buying an additional 2,891 shares during the period. Principal Securities Inc. purchased a new position in shares of Americold Realty Trust in the fourth quarter worth approximately $80,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Americold Realty Trust during the second quarter valued at approximately $85,000. Finally, Signaturefd LLC lifted its position in shares of Americold Realty Trust by 22.7% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $102,000 after acquiring an additional 740 shares in the last quarter. 98.14% of the stock is currently owned by institutional investors and hedge funds.

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.