Truist Financial Lowers Americold Realty Trust (NYSE:COLD) Price Target to $20.00

Americold Realty Trust (NYSE:COLD) had its price objective dropped by analysts at Truist Financial from $24.00 to $20.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 34.07% from the stock’s previous close.

COLD has been the subject of several other research reports. Scotiabank restated a “sector perform” rating and set a $20.00 price target on shares of Americold Realty Trust in a research report on Thursday, May 15th. Barclays reduced their price target on shares of Americold Realty Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. Robert W. Baird reduced their price target on shares of Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, August 13th. JPMorgan Chase & Co. downgraded shares of Americold Realty Trust from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $24.00 to $21.00 in a report on Monday, June 23rd. Finally, BNP Paribas Exane downgraded shares of Americold Realty Trust from an “outperform” rating to a “neutral” rating and set a $18.00 price objective for the company. in a report on Thursday, June 12th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Americold Realty Trust has an average rating of “Moderate Buy” and an average price target of $21.83.

Americold Realty Trust Stock Up 3.5%

COLD opened at $14.9180 on Friday. Americold Realty Trust has a twelve month low of $14.23 and a twelve month high of $29.79. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $16.09 and a 200 day moving average price of $18.50. The company has a market cap of $4.25 billion, a PE ratio of -78.52, a price-to-earnings-growth ratio of 4.63 and a beta of 0.81.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The firm had revenue of $650.75 million during the quarter, compared to the consensus estimate of $644.95 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Sell-side analysts expect that Americold Realty Trust will post 1.47 earnings per share for the current fiscal year.

Institutional Trading of Americold Realty Trust

A number of hedge funds have recently bought and sold shares of COLD. Caitong International Asset Management Co. Ltd increased its holdings in shares of Americold Realty Trust by 49,833.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock worth $25,000 after buying an additional 1,495 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Americold Realty Trust by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock worth $27,000 after buying an additional 806 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new stake in shares of Americold Realty Trust during the 1st quarter worth approximately $36,000. EverSource Wealth Advisors LLC increased its holdings in shares of Americold Realty Trust by 252.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock worth $37,000 after buying an additional 1,593 shares during the last quarter. Finally, Whipplewood Advisors LLC increased its holdings in shares of Americold Realty Trust by 10,869.6% during the 2nd quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company’s stock worth $42,000 after buying an additional 2,500 shares during 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.